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Springfield 01118 Sixteen Acres
296 Talmadge Dr
$153,000
● House - Off Market

296 Talmadge Dr

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
999 Ft²
$247,609
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

desirable neighborhood. whether you are looking to buy your first home or downsize this is the home for you. Original owner, well maintained home with detached garage. This ranch has central air, hard wood floors, with newer windows. Carpeted living room with hard wood floors underneath. Sliders to partially fenced in back yard. Well maintained back yard with patio to entertain your guest. Must see, move in condition. Has new awning in front and back.  Won't last long. Make an app't today.
Unit Size
999 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$155
Property Type
House
Property Taxes
$208
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: 4 months ago (MLSPIN #72175732)

Price History

Date / Event Date Event Price
Jul 31, 2017 Sold
Premium
Sold
Jun 3, 2017 Listed by Elite Realty Services, LLC $154,900
Listed by Elite Realty Services, LLC

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: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 10,799
  • Total Building Area: 999
  • Gross Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • 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: 114070058
  • Parcel: SPRI S:11407 P:0058
  • Municipality: SPRINGFIELD
  • Latitude: 42.0866
  • Longitude: -72.5128

    Address

  • Full Address: 296 Talmadge Dr
  • Address - House Number: 296
  • Address - Street Name: Talmadge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2550
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $351,100

    Appraisal Valuation

  • Standard Deviation: 0.2049
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 271,626
  • High Value: 327,305
  • Low Value: 215,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,900
  • Assessed Land Value: $55,400
  • Assessed Improvements Value: $150,500

    Sales

  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 43652
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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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# 72175732

Frequently Asked Questions

When was property at 296 Talmadge Drive built and last sold?
The property at 296 Talmadge Drive was built in 1965 and last sold on Jan 1, 1970 for $153,000.
How much is this home worth?
The estimated value of the home located at 296 Talmadge Drive is $162,059.
What are some comparable homes to 296 Talmadge Drive?
There are currently no comparable homes to 296 Talmadge Drive.
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