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Springfield 01104 Liberty Heights
247 Merrimac
$200,000
● House - Off Market

247 Merrimac

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,056 Ft²
$214,099
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

This house can accommodate a quick closing if necessary. Located in the desirable East Springfield section of the city this home is close to shopping, schools, and highway. This house is very different than your standard ranch that usually has small eat in area. This home has a room that is almost like a dining room. There has been some minor updates. Basement has a finished room which is currently being used as a 4th bedroom.  New electrical panel and newer heating system. Backyard has a patio and is completely fenced in. ****No showings until Sunday from 1-4. Please text for an appointment time.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$170
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1964

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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 years ago (MLSPIN #72795310)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
May 13, 2021 Sold
Premium
Sold
Mar 9, 2021 Listed by Executive Real Estate, Inc. $180,000
Listed by Executive Real Estate, Inc.
Jan 27, 2021 In contract -
In contract
Jan 20, 2021 Listed by Executive Real Estate, Inc. $179,900
Listed by Executive Real Estate, Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,211
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 85700054
  • Parcel: SPRI S:08570 P:0054
  • Municipality: SPRINGFIELD
  • Latitude: 42.1312
  • Longitude: -72.573

    Address

  • Full Address: 247 Merrimac Ave
  • Address - House Number: 247
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2037
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $328,400

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 249,521
  • High Value: 303,737
  • Low Value: 195,304

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,600
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $157,900

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32836
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 Liberty Heights

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1663 ft²

Average Home Age

93.6 years

Currently For Sale

36 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72795310

Frequently Asked Questions

When was property at 247 Merrimac Avenue built and last sold?
The property at 247 Merrimac Avenue was built in 1964 and last sold on May 13, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 247 Merrimac Avenue is $186,390.
What are some comparable homes to 247 Merrimac Avenue?
There are currently no comparable homes to 247 Merrimac Avenue.
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