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Springfield 01119 Sixteen Acres
273 Old Farm Rd
$225,000
● House - Off Market

273 Old Farm Rd

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,048 Ft²
$280,659
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Your "Staycation Destination Awaits" at this well maintained and move-in ready home in quiet and beautiful Sixteen Acres. Move-In Ready 3BR Ranch with updates galore. Remodeled kitchen (2015) and bath (2020). Beautiful hardwood floors.  Gorgeous newer 15x24 oval pool with deck attached. Large Trex deck off kitchen Sliders. Enclosed Carport with storage used as 3 season patio by owner and for car in Winter. Third Bedroom can be used for dining or office. Owner will pay off Solar contract so Buyer can enjoy solar and electricity credits at no cost to them. New front walkway (2020) Siding and insulation redone in 2016. Ultra clean cellar with partial paneling. Replacement windows, for added energy efficiency.  SELLER WILL REVIEW OFFERS SATURDAY 7/11 at 1:00 P.M.
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$196
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72686208)

Price History

Date / Event Date Event Price
Aug 27, 2020 Sold
Premium
Sold
Jul 7, 2020 Listed by Dot Lortie Realty / Landmark $204,900
Listed by Dot Lortie Realty / Landmark
Nov 2, 2004 Sold
Premium
Sold
Aug 16, 2004 Listed by Dot Lortie Realty / Landmark $127,000
Listed by Dot Lortie Realty / Landmark

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,450
  • Total Building Area: 1,048
  • Gross Building Area: 1,048
  • Building Area: 1,048
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 92650061
  • Parcel: SPRI S:09265 P:0061
  • Municipality: SPRINGFIELD
  • Latitude: 42.1116
  • Longitude: -72.5183

    Address

  • Full Address: 273 Old Farm Rd
  • Address - House Number: 273
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2826
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,500

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 282,592
  • High Value: 339,422
  • Low Value: 225,763

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,300
  • Assessed Land Value: $49,700
  • Assessed Improvements Value: $177,600

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47677
  • Previous Sale Recording Date: Nov 02, 2004
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 27
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:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72686208

Frequently Asked Questions

When was property at 273 Old Farm Road built and last sold?
The property at 273 Old Farm Road was built in 1956 and last sold on Aug 24, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 273 Old Farm Road is $209,867.
What are some comparable homes to 273 Old Farm Road?
There are currently no comparable homes to 273 Old Farm Road.
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