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Springfield 01118 Sixteen Acres
347 Newhouse St
$125,000
● House - Off Market

347 Newhouse St

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,053 Ft²
$280,309
RealtyHop Estimate
115.79%
Since Oct 1, 2012
National-US
Primary Model

About This Property

Don't miss this fantastic ranch. Conveniently located yet tucked into a quiet corner lot in a great neighborhood.  Move right in, fresh neutral paint and refinished hardwood floors with open living/dining area and newly remodeled bath make this a great home. Has vinyl siding, replacement windows, roof & driveway 5 yrs old, water heater 1 yr, new furnace a couple yrs ago, attic insulation added in 2011 help make this energy efficient.  Basement easy to finish for rec/play room or man cave.
Unit Size
1,053 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$123
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71383707)

Price History

Date / Event Date Event Price
Sep 7, 2012 Sold
Premium
Sold
May 16, 2012 Listed by Olde Towne Realty $129,900
Listed by Olde Towne Realty
Mar 28, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

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: 12,227
  • Total Building Area: 999
  • Gross Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAMPTON EAST CONDO
  • Land Acres: 0000000281
  • 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: 90050097
  • Parcel: SPRI S:09005 P:0097
  • Municipality: SPRINGFIELD
  • Latitude: 42.0859
  • Longitude: -72.512

    Address

  • Full Address: 347 Newhouse St
  • Address - House Number: 347
  • Address - Street Name: Newhouse
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2515
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,800

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 259,033
  • High Value: 305,645
  • Low Value: 212,421

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,200
  • Assessed Land Value: $56,000
  • Assessed Improvements Value: $139,200

    Sales

  • Current Sale Recording Date: Sep 07, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Mar 28, 1997
  • Previous Sale Amount: $69,000
  • 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

1334 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: 5 months ago
Data Source: MLS PIN, MLS# 71383707

Frequently Asked Questions

When was property at 347 Newhouse Street built and last sold?
The property at 347 Newhouse Street was built in 1965 and last sold on Jan 1, 1970 for $125,000.
How much is this home worth?
The estimated value of the home located at 347 Newhouse Street is $138,397.
What are some comparable homes to 347 Newhouse Street?
There are currently no comparable homes to 347 Newhouse Street.
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