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Springfield 01129 Sixteen Acres
306 Hermitage Drive
$126,900
● House - Off Market

306 Hermitage Drive

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$284,137
RealtyHop Estimate
118.74%
Since Feb 1, 2004
National-US
Primary Model

About This Property

TERRIFIC NEIGHBORHOOD, HARDWOOD FLOORS IN BEDROOMS AND LIVING ROOM. APPLIANCES TO REMAIN. NEW CARPETING, ADORABLE KITCHEN. CEILING FANS IN ALL BEDROOMS. LARGE CORNER LOT. ***NO SHOWINGS UNTIL SUNDAY, NOVEMBER 23, 2003***
Unit Size
960 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$135
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956

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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 #30791453)

Price History

Date / Event Date Event Price
Jan 22, 2004 Sold
Premium
Sold
Nov 19, 2003 Listed by Samuel D. Plotkin & Associates $129,900
Listed by Samuel D. Plotkin & Associates
Oct 28, 1994 Sold
Premium
Sold

Property Highlights

Parking Available

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: 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: 13,098
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 65700058
  • Parcel: SPRI S:06570 P:0058
  • Municipality: SPRINGFIELD
  • Latitude: 42.1369
  • Longitude: -72.4874

    Address

  • Full Address: 306 Hermitage Dr
  • Address - House Number: 306
  • Address - Street Name: Hermitage
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1347
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $321,600

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 241,992
  • High Value: 285,537
  • Low Value: 198,446

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,600
  • Assessed Land Value: $56,400
  • Assessed Improvements Value: $132,200

    Sales

  • Current Sale Recording Date: Jan 22, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15344
  • Previous Sale Recording Date: Oct 28, 1994
  • Previous Sale Amount: $75,000
  • 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:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1346 ft²

Average Home Age

53.5 years

Currently For Sale

26 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30791453

Frequently Asked Questions

When was property at 306 Hermitage Drive built and last sold?
The property at 306 Hermitage Drive was built in 1956 and last sold on Jan 1, 1970 for $126,900.
How much is this home worth?
The estimated value of the home located at 306 Hermitage Drive is $137,727.
What are some comparable homes to 306 Hermitage Drive?
There are currently no comparable homes to 306 Hermitage Drive.
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