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Springfield 01129 Sixteen Acres
24 Pearl Ln
Photo of 24 Pearl Ln
Sold on Jul 16, 2025

41

Map

Photo of 24 Pearl Ln
Photo of 24 Pearl Ln
$426,000
● House - Off Market

24 Pearl Ln

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,743 Ft²
$2,482
Est. Monthly
5.10%
Cap Rate

About This Property

Welcome to this beautifully renovated Cape-style home in desirable Sixteen Acres! This 3-bedroom, 2 full bath gem offers modern updates and timeless charm. Enjoy a stunning eat-in kitchen with stylish finishes and a cozy family room with a fireplace-perfect for relaxing or entertaining. You'll love the ample closet space and abundant storage throughout the home. The manicured lawn, complete with a brand-new sprinkler system, adds to the home's curb appeal. A partially finished basement provides bonus space for a home office, gym, or playroom. Located just minutes from Western New England University, this home combines comfort, convenience, and quality-move right in and make it yours! This home is a must-see!
Unit Size
1,743 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$244
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73385448)

Price History

Date / Event Date Event Price
Jul 16, 2025 Sold
Premium
Sold
Jun 10, 2025 In contract -
In contract
Jun 4, 2025 Listed $424,900
Listed
Jun 15, 2023 Sold
Premium
Sold
Jan 11, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,273
  • Total Building Area: 1,743
  • Gross Building Area: 1,743
  • Building Area: 1,743
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,743
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000305
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 95860010
  • Parcel: SPRI S:09586 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.1194
  • Longitude: -72.4773

    Address

  • Full Address: 24 Pearl Ln
  • Address - House Number: 24
  • Address - Street Name: Pearl
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1535
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $408,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 337,691
  • High Value: 403,880
  • Low Value: 271,501

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,700
  • Assessed Land Value: $56,400
  • Assessed Improvements Value: $183,300

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27337
  • Previous Sale Recording Date: Jan 11, 2023
  • Previous Sale Contract Date: Jan 10, 2023
  • Previous Sale Amount: $181,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1384 ft²

Average Home Age

50.1 years

Currently For Sale

28 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73385448

Frequently Asked Questions

When was property at 24 Pearl Lane built and last sold?
The property at 24 Pearl Lane was built in 1958 and last sold on Jun 15, 2023 for $383,500.
How much is this home worth?
The estimated value of the home located at 24 Pearl Lane is $430,586.
What are some comparable homes to 24 Pearl Lane?
There are currently no comparable homes to 24 Pearl Lane.
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