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Springfield 01104 Liberty Heights
31 Freeman Ter
$298,700
● House - Off Market

31 Freeman Ter

Springfield, MA 01104
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,641
Est. Monthly

About This Property

CONTINGENT - ACCEPTING BACK UP OFFERS! PRICED TO SELL FAST! BRING ALL OFFERS! Spacious Starter Home in Sought After Liberty Heights Neighborhood. Highlighted features of this restored modern masterpiece include:- 4 bedrooms- 2 full bathrooms- Expansive 1600+ sqft- Three levels of living space- Newly upgraded electrical system- Recently converted gas heating- Central air conditioning- Brand new kitchen and bathrooms- Stone countertops with Zellige Tile backsplash- Waterproof vinyl wood flooring- Modern fixtures. Stay tuned for more details!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$187
Property Type
House
Property Taxes
$174
HOA Dues
-
Year Built
1914

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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 #73229724)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
May 13, 2024 Price Decreased $298,700
↓ $25K (7.8%)
Price Decreased
May 3, 2024 Price Increased $324,000
↑ $25K (8.5%)
Price Increased
Apr 28, 2024 Listed by Pena Realty Corporation $298,700
Listed by Pena Realty Corporation
Apr 1, 2024 No longer available -
No longer available
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,195
  • Gross Building Area: 1,195
  • Building Area: 1,195
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,195
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 800400

Zoning

  • Zoning: R1

Geography

  • Account Number: 53920022
  • Parcel: SPRI S:05392 P:0022
  • Municipality: SPRINGFIELD
  • Latitude: 42.1261
  • Longitude: -72.5817

    Address

  • Full Address: 31 Freeman Ter
  • Address - House Number: 31
  • Address - Street Name: Freeman
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 2553
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $208,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0875
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 371,599
  • High Value: 404,120
  • Low Value: 339,078

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,300
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $89,400

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48499
  • Previous Sale Recording Date: Dec 30, 2011
  • Previous Sale Amount: $46,000
  • Previous Sale Document Type: 71
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 Liberty Heights

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1869 ft²

Average Home Age

93.6 years

Currently For Sale

34 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 144 Cabot St, MA, 01013

$1,174 /mo

  • 1 Bed
  • 1 Bath
144 Cabot St, MA, 01013 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73229724

Frequently Asked Questions

When was property at 31 Freeman Terrace built and last sold?
The property at 31 Freeman Terrace was built in 1914 and last sold on Oct 12, 2023 for $115,000.
How much is this home worth?
The estimated value of the home located at 31 Freeman Terrace is $293,685.
What are some comparable homes to 31 Freeman Terrace?
There are currently no comparable homes to 31 Freeman Terrace.
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