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Springfield 01109 Sixteen Acres
27 Lakevilla Ave
$165,000
● House - Off Market

27 Lakevilla Ave

Springfield, MA 01109
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,840 Ft²
$243,266
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Much bigger than it looks!  This 4 bedroom, 1.5 bath home has room for everyone. The first floor boasts a large fully applianced kitchen, dining room, living room, reading and master bedroom with hardwoods throughout. Laundry room on the first floor is an added bonus! The second floor is complete with three bedrooms and a half bath. The 2 car detached garage and large basement add plenty of room for storage. Nice, level backyard is perfect for outdoor entertaining. Close proximity to shopping, entertainment and schools. This is the one you've been waiting for- call today because this home will not last!
Unit Size
1,840 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$90
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1925

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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 #72454623)

Price History

Date / Event Date Event Price
May 31, 2019 Sold
Premium
Sold
Feb 19, 2019 Listed by Keller Williams Realty $164,900
Listed by Keller Williams Realty
Jul 31, 2015 Sold
Premium
Sold
May 14, 2015 Listed by Keller Williams Realty $124,900
Listed by Keller Williams Realty
Oct 11, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 6

    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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 74600042
  • Parcel: SPRI S:07460 P:0042
  • Municipality: SPRINGFIELD
  • Latitude: 42.1135
  • Longitude: -72.5316

    Address

  • Full Address: 27 Lakevilla Ave
  • Address - House Number: 27
  • Address - Street Name: Lakevilla
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 1403
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $401,000

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 293,374
  • High Value: 357,996
  • Low Value: 228,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,200
  • Assessed Land Value: $48,400
  • Assessed Improvements Value: $186,800

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28645
  • Previous Sale Recording Date: Jul 31, 2015
  • Previous Sale Amount: $125,000
  • 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:

$319,950

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1359 ft²

Average Home Age

53.8 years

Currently For Sale

27 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: 5 months ago
Data Source: MLS PIN, MLS# 72454623

Frequently Asked Questions

When was property at 27 Lakevilla Avenue built and last sold?
The property at 27 Lakevilla Avenue was built in 1925 and last sold on May 29, 2019 for $160,000.
How much is this home worth?
The estimated value of the home located at 27 Lakevilla Avenue is $179,706.
What are some comparable homes to 27 Lakevilla Avenue?
There are currently no comparable homes to 27 Lakevilla Avenue.
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