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Springfield 01118 Sixteen Acres
273 Newhouse Street
$293,550
● House - Off Market

273 Newhouse Street

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,191 Ft²
$1,728
Est. Monthly

About This Property

OPEN HOUSE CANCELLED FOR 10.15.23 Granite counter tops, hardwood floors, ceramic tile, all new windows installed 2020, main bathroom remodeled recently, freshly painted bedroom, fifth room can be used as a study/nursery/den/office or even a smaller bedroom.  This home has a full basement that is spacious, partially finished, and has interior access. This home has a welcoming open floor plan between the kitchen and living room with lots of natural light from the windows and space for entertaining. Another nice feature of this home is the oversized two car garage and wide driveway for ample parking space. Take the time to view this well maintained ranch, you won't want to miss it as it won't last long.
Unit Size
1,191 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$231
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1965

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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: 6 months ago (MLSPIN #73161139)

Price History

Date / Event Date Event Price
Dec 13, 2023 Sold
Premium
Sold
Oct 13, 2023 In contract -
In contract
Oct 3, 2023 Listed by Gallagher Real Estate $274,900
Listed by Gallagher Real Estate
Oct 13, 2015 Sold
Premium
Sold
Jun 29, 2015 Listed by Gallagher Real Estate $169,900
Listed by Gallagher Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 10,999
  • Total Building Area: 1,191
  • Gross Building Area: 1,191
  • Building Area: 1,191
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,191
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • 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: 801605

Zoning

  • Zoning: R1

Geography

  • Account Number: 90050107
  • Parcel: SPRI S:09005 P:0107
  • Municipality: SPRINGFIELD
  • Latitude: 42.0869
  • Longitude: -72.5133

    Address

  • Full Address: 273 Newhouse St
  • Address - House Number: 273
  • Address - Street Name: Newhouse
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2513
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $448,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 70
  • Final Value: 304,296
  • High Value: 369,362
  • Low Value: 239,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,100
  • Assessed Land Value: $55,400
  • Assessed Improvements Value: $207,700

    Sales

  • Current Sale Contract Date: Dec 11, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 59000
  • Previous Sale Recording Date: Oct 13, 2015
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1338 ft²

Average Home Age

50.8 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: 6 months ago
Data Source: MLS PIN, MLS# 73161139

Frequently Asked Questions

When was property at 273 Newhouse Street built and last sold?
The property at 273 Newhouse Street was built in 1965 and last sold on Dec 11, 2023 for $293,550.
How much is this home worth?
The estimated value of the home located at 273 Newhouse Street is $274,526.
What are some comparable homes to 273 Newhouse Street?
There are currently no comparable homes to 273 Newhouse Street.
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