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Springfield 01119 Pine Point
25 Spear Rd
$158,000
● House - Off Market

25 Spear Rd

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
942 Ft²
$227,373
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

This charming 2 bedroom ranch has a open kitchen, living room and dining area. Sprawling hardwood floors throughout the home with updated ceramic tiles in the kitchen area. The basement is finished with an additional room and a over sized family room for all occasions. There is a newer forced hot air gas furnace and 100 amp electrical panel. The extra large backyard is fenced in with a brand new colored vinyl fence. The driveway was repaved in 2016 and the basement windows were also replaced in 2016. If you been looking for a well kept home with nothing to do besides move in, then you found your home!!
Unit Size
942 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$159
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1959

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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: 4 months ago (MLSPIN #72320805)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Sep 4, 2020 Listed by Gallagher Real Estate $180,000
Listed by Gallagher Real Estate
Jun 21, 2018 Sold
Premium
Sold
May 4, 2018 Listed by Gallagher Real Estate $149,999
Listed by Gallagher Real Estate
Jun 6, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 8,307
  • Total Building Area: 942
  • Gross Building Area: 942
  • Building Area: 942
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000191
  • 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: 801502

Zoning

  • Zoning: R1

Geography

  • Account Number: 110230086
  • Parcel: SPRI S:11023 P:0086
  • Municipality: SPRINGFIELD
  • Latitude: 42.1245
  • Longitude: -72.5193

    Address

  • Full Address: 25 Spear Rd
  • Address - House Number: 25
  • Address - Street Name: Spear
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1925
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $317,100

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 243,879
  • High Value: 294,954
  • Low Value: 192,805

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,000
  • Assessed Land Value: $34,800
  • Assessed Improvements Value: $151,200

    Sales

  • Current Sale Contract Date: Nov 13, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 68010
  • Previous Sale Recording Date: Jun 21, 2018
  • Previous Sale Amount: $158,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1407 ft²

Average Home Age

86.1 years

Currently For Sale

29 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: 4 months ago
Data Source: MLS PIN, MLS# 72320805

Frequently Asked Questions

When was property at 25 Spear Road built and last sold?
The property at 25 Spear Road was built in 1959 and last sold on Nov 13, 2020 for $188,000.
How much is this home worth?
The estimated value of the home located at 25 Spear Road is $184,657.
What are some comparable homes to 25 Spear Road?
There are currently no comparable homes to 25 Spear Road.
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