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Springfield 01119 Pine Point
297 Gilbert Ave
$449,900
● House - Off Market

297 Gilbert Ave

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$506,341
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

If you are looking for NEW CONSTRUCTION, QUALITY finishes this is it!  Move right in to this 4 bedroom,  2.5 bath Colonial with oversized two car garage. Entertain family and friends with ease in the open floor plan living/dining/kitchen with gleaming oak wood floors throughout! The kitchen shines with natural light from the sliders leading to the partially fenced backyard and deck, and features quartz counters, large center island, pantry, gas range, and tile backsplash. A gas fireplace in the living room and half bath off the dining area complete the main floor. Upstairs you will find 4 large bedrooms, including a Master Suite with walk-in closet, and Master Bath with ceramic tile floor, double vanity, and tiled walk-in shower!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$187
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #72862306)

Price History

Date / Event Date Event Price
Oct 12, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed by Real Estate Keys $449,900
Listed by Real Estate Keys

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 7,501
  • Total Building Area: 2,392
  • Gross Building Area: 2,392
  • Building Area: 2,392
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,392
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 56500070
  • Parcel: SPRI S:05650 P:0070
  • Municipality: SPRINGFIELD
  • Latitude: 42.1273
  • Longitude: -72.5232

    Address

  • Full Address: 297 Gilbert Ave
  • Address - House Number: 297
  • Address - Street Name: Gilbert
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1454
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $781,100

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 451,391
  • High Value: 490,648
  • Low Value: 412,134

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $458,100
  • Assessed Land Value: $30,900
  • Assessed Improvements Value: $427,200

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72226
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 Pine Point

Stats & Trends

Median Asking:

$298,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1435 ft²

Average Home Age

86 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72862306

Frequently Asked Questions

When was property at 297 Gilbert Avenue built and last sold?
The property at 297 Gilbert Avenue was built in 2020 and last sold on Oct 12, 2021 for $449,900.
How much is this home worth?
The estimated value of the home located at 297 Gilbert Avenue is $0.
What are some comparable homes to 297 Gilbert Avenue?
There are currently no comparable homes to 297 Gilbert Avenue.
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