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Springfield 01128 Sixteen Acres
245 Fair Oak Rd
$143,000
● House - Off Market

245 Fair Oak Rd

Springfield, MA 01128
bedrooms
2 Beds
bathrooms
1 Bath
square feet
999 Ft²
$308,468
RealtyHop Estimate
105.78%
Since Apr 1, 2013
National-US
Primary Model

About This Property

Great opportunity to own this completely renovated sunlit 2 bedroom ranch. Features updated kitchen with new cabinets, counters and appliances. Huge master bedroom with gleaming wide plank pine flooring. Office area off MBR could be 3rd bedroom. You decide... Built in laundry on first floor for your convenience. New carpeting and flooring throughout. New furnace and central air. Home sits back from road on 3/4 acre lot !!!  Ready to move in now..make an appointment today !!!
Unit Size
999 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$150
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #71460199)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
May 18, 2021 Listed by Dot Lortie Realty / Landmark $219,000
Listed by Dot Lortie Realty / Landmark
Mar 28, 2013 Sold
Premium
Sold
Nov 27, 2012 Listed by Dot Lortie Realty / Landmark $149,900
Listed by Dot Lortie Realty / Landmark
Jul 24, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 594
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,245
  • Total Building Area: 999
  • Gross Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGFIELD
  • Land Acres: 0000000763
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 48800087
  • Parcel: SPRI S:04880 P:0087
  • Municipality: SPRINGFIELD
  • Latitude: 42.1009
  • Longitude: -72.4852

    Address

  • Full Address: 245 Fair Oak Rd
  • Address - House Number: 245
  • Address - Street Name: Fair Oak
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1063
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $376,500

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 279,186
  • High Value: 340,826
  • Low Value: 217,546

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,800
  • Assessed Land Value: $67,900
  • Assessed Improvements Value: $152,900

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49311
  • Previous Sale Recording Date: Mar 28, 2013
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: O
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

1346 ft²

Average Home Age

53.5 years

Currently For Sale

26 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: 5 months ago
Data Source: MLS PIN, MLS# 71460199

Frequently Asked Questions

When was property at 245 Fair Oak Road built and last sold?
The property at 245 Fair Oak Road was built in 1920 and last sold on Jul 15, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 245 Fair Oak Road is $216,615.
What are some comparable homes to 245 Fair Oak Road?
There are currently no comparable homes to 245 Fair Oak Road.
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