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Springfield 01129 Sixteen Acres
29 Pinebrook Dr
$236,000
● House - Off Market

29 Pinebrook Dr

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,074 Ft²
$251,559
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Don't miss this one owner  5 room ranch on a corner lot in 16 acres. This home is in a great neighborhood and with the buyers personal touches, it  will make a great starter or retirement home. It offers  eat-in kitchen, spacious living room and 3 bedrooms. The full bathroom has a linen closet and laundry chute. The property has gas heat and also has central air for those warm summer days. Enjoy sitting out on your 3 season screened porch. The house has a partially finished basement and  a two car under garage. The property has a sprinkler system, storage shed and sits on over 1/4 acre lot. Easy to show. Seller would prefer closing June 30, 2021 or later. Highest and best offers due by Monday May 24, 2021 at 9:00 am.
Unit Size
1,074 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$200
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1953

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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 years ago (MLSPIN #72835750)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
May 20, 2021 Listed by ROVI Homes $215,000
Listed by ROVI Homes

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,552
  • Total Building Area: 1,074
  • Gross Building Area: 1,074
  • Building Area: 1,074
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,074
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 97250023
  • Parcel: SPRI S:09725 P:0023
  • Municipality: SPRINGFIELD
  • Latitude: 42.108
  • Longitude: -72.4916

    Address

  • Full Address: 29 Pinebrook Dr
  • Address - House Number: 29
  • Address - Street Name: Pinebrook
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C030
  • 4-Digit Zip Code: 2039
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $342,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 273,682
  • High Value: 332,610
  • Low Value: 214,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,800
  • Assessed Land Value: $57,900
  • Assessed Improvements Value: $142,900

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45151
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72835750

Frequently Asked Questions

When was property at 29 Pinebrook Drive built and last sold?
The property at 29 Pinebrook Drive was built in 1953 and last sold on Jun 30, 2021 for $236,000.
How much is this home worth?
The estimated value of the home located at 29 Pinebrook Drive is $0.
What are some comparable homes to 29 Pinebrook Drive?
There are currently no comparable homes to 29 Pinebrook Drive.
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