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Springfield 01104 Liberty Heights
261 Connecticut Ave
$299,000
● House - Off Market

261 Connecticut Ave

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,046 Ft²
$1,802
Est. Monthly

About This Property

Almost New 3 bedroom Ranch home is high end construction with crown molding & 5 inch baseboards and is an Energy Star Home with high efficiency utilities & central air. Property features an Open floor plan with Hardwood & Ceramic Tile floors, granite counter tops in kitchen & sliding door to fenced back yard which has a deck and storage shed. Master bedroom has a half bath and other bedroom also has sliding doors to back yard.    Walking distance to park and  school & has a finished basement with full bathroom. Stainless steel appliances.
Unit Size
1,046 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$286
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
2015

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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 #73179441)

Price History

Date / Event Date Event Price
Feb 8, 2024 Sold
Premium
Sold
Jan 19, 2024 In contract -
In contract
Jan 5, 2024 Relisted $165,000
Relisted
Nov 13, 2023 In contract -
In contract
Nov 10, 2023 Listed by First Place Realty $299,000
Listed by First Place Realty
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 5,001
  • Total Building Area: 1,046
  • Gross Building Area: 1,046
  • Building Area: 1,046
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,046
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 800400

Zoning

  • Zoning: R1

Geography

  • Account Number: 31300065
  • Parcel: SPRI S:03130 P:0065
  • Municipality: SPRINGFIELD
  • Latitude: 42.1303
  • Longitude: -72.588

    Address

  • Full Address: 261 Connecticut Ave
  • Address - House Number: 261
  • Address - Street Name: Connecticut
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1053
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $399,800

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 298,330
  • High Value: 324,390
  • Low Value: 272,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,500
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $201,600

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5529
  • Previous Sale Recording Date: May 12, 2016
  • Previous Sale Amount: $165,000
  • 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 Liberty Heights

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1856 ft²

Average Home Age

89.4 years

Currently For Sale

38 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 144 Cabot St, MA, 01013

$1,174 /mo

  • 1 Bed
  • 1 Bath
144 Cabot St, MA, 01013 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73179441

Frequently Asked Questions

When was property at 261 Connecticut Avenue built and last sold?
The property at 261 Connecticut Avenue was built in 2015 and last sold on Feb 8, 2024 for $299,000.
How much is this home worth?
The estimated value of the home located at 261 Connecticut Avenue is $292,248.
What are some comparable homes to 261 Connecticut Avenue?
There are currently no comparable homes to 261 Connecticut Avenue.
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