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Springfield 01119 Sixteen Acres
261 Sunrise Ter
$300,000
● House - Off Market

261 Sunrise Ter

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,160 Ft²
$278,859
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Wonderful opportunity to own this charming Ranch style home located in the highly desirable Sixteen Acres neighborhood. This charming renovated 3 bedroom 1.5 bath home has many updates. Enjoy bright freshly painted rooms throughout, new vinyl flooring and newly carpeted bedrooms, a spacious eat-in kitchen that includes new cabinets and countertops, new stainless steel appliances and a beautiful patio slider. The roof is new, the windows are new and the mechanics have been updated. This home is also close to schools, shopping and more. Don't miss out! Schedule a showing today!
Unit Size
1,160 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$241
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1971

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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 #73146477)

Price History

Date / Event Date Event Price
Jul 11, 2025 No longer available -
No longer available
Apr 10, 2025 Withdrawn -
Withdrawn
Mar 10, 2025 Listed $350,000
Listed
Oct 10, 2023 Sold
Premium
Sold
Aug 18, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 11,770
  • Total Building Area: 1,160
  • Gross Building Area: 1,160
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 113050126
  • Parcel: SPRI S:11305 P:0126
  • Municipality: SPRINGFIELD
  • Latitude: 42.1219
  • Longitude: -72.5071

    Address

  • Full Address: 261 Sunrise Ter
  • Address - House Number: 261
  • Address - Street Name: Sunrise
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2332
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $426,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 300,396
  • High Value: 360,806
  • Low Value: 239,986

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,100
  • Assessed Land Value: $50,300
  • Assessed Improvements Value: $199,800

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47913
  • Previous Sale Recording Date: Mar 23, 2023
  • Previous Sale Contract Date: Mar 23, 2023
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 71
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:

$325,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1170 ft²

Average Home Age

58.2 years

Currently For Sale

21 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# 73146477

Frequently Asked Questions

When was property at 261 Sunrise Terrace built and last sold?
The property at 261 Sunrise Terrace was built in 1971 and last sold on Oct 6, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 261 Sunrise Terrace is $337,353.
What are some comparable homes to 261 Sunrise Terrace?
There are currently no comparable homes to 261 Sunrise Terrace.
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