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Springfield 01119 Pine Point
249 Gresham Street
Photo of 249 Gresham Street
Sold on Jul 7, 2011

1

Map

$95,000
● House - Off Market

249 Gresham Street

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$225,460
RealtyHop Estimate
119.11%
Since Aug 1, 2011
National-US
Primary Model

About This Property

Priced to sell Fast!  Beautiful newly remodeled vinyl sided ranch featuring open living room and kitchen with dining area both with cathedral ceilings. New interior paint, new carpets,new dishwasher,new refrigerator and brand new central air conditioning.  Roof reshingled 2010.  New deck and private fenced rear yard.  Perfect starter home at a great price. Ready for occupancy and move in condition.  Bag this bargain quickly!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$110
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1989

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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: 3 months ago (MLSPIN #71131754)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Dec 2, 2022 In contract -
In contract
Nov 8, 2022 Price Decreased $269,995
↓ $5K (1.8%)
Price Decreased
Oct 24, 2022 Price Decreased $275,000
↓ $5K (1.8%)
Price Decreased
Oct 6, 2022 Price Decreased $280,000
↓ $5K (1.8%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,979
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 60700115
  • Parcel: SPRI S:06070 P:0115
  • Municipality: SPRINGFIELD
  • Latitude: 42.1259
  • Longitude: -72.5238

    Address

  • Full Address: 249 Gresham St
  • Address - House Number: 249
  • Address - Street Name: Gresham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1469
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $342,400

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 275,349
  • High Value: 326,795
  • Low Value: 223,903

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,800
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $171,300

    Sales

  • Current Sale Contract Date: Jan 17, 2023
  • Current Sale Recording Date: Jan 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2717
  • Previous Sale Recording Date: Jul 07, 2011
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 27
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 Pine Point

Stats & Trends

Median Asking:

$298,500

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1393 ft²

Average Home Age

86.3 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 71131754

Frequently Asked Questions

When was property at 249 Gresham Street built and last sold?
The property at 249 Gresham Street was built in 1989 and last sold on Jan 17, 2023 for $273,500.
How much is this home worth?
The estimated value of the home located at 249 Gresham Street is $259,749.
What are some comparable homes to 249 Gresham Street?
There are currently no comparable homes to 249 Gresham Street.
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