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Springfield 01104 Liberty Heights
37 Drexel St
$147,000
● House - Off Market

37 Drexel St

Springfield, MA 01104
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,068 Ft²
$219,888
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

They say home is where the heart is – and this charming Cape is loaded with TLC! You'll find the comforts of home in every nook and cranny, plus it has updates to save you money now; the roof, gas furnace and hot water heater have all been updated, and the electrical box is brand new. The house also offers convenience, from its location near highways, schools and shopping to its layout featuring two bedrooms on the second floor and two on the first so you can enjoy single-floor living if you choose. It also has a partially finished basement and a large partially fenced-in yard so you can maximize your downtime on nights and weekends. Additional conveniences include an eat-in kitchen with newer appliances and a nearby mudroom to collect shoes, coats and more.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$138
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1949

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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 #72431837)

Price History

Date / Event Date Event Price
Mar 6, 2019 Sold
Premium
Sold
Dec 11, 2018 Listed by Rovithis Realty, LLC $147,000
Listed by Rovithis Realty, LLC
Jun 29, 1998 Sold
Premium
Sold
Aug 18, 1996 Listed $79,900
Listed
LOVELY 4BDRM CAPE LG EAT-IN KITCHEN - MUD RM, HARDWOODS ON FIRST LEVEL WALL/WALL CARPET ON 2ND FLR. FIN REC RM IN BSMNT VINYL SIDED, NEW REPLACEMENT WINDOWS, TASTEFULL DECOR TWO SHEDS, MUST SEE!

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 5,419
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 41000115
  • Parcel: SPRI S:04100 P:0115
  • Municipality: SPRINGFIELD
  • Latitude: 42.1259
  • Longitude: -72.5718

    Address

  • Full Address: 37 Drexel St
  • Address - House Number: 37
  • Address - Street Name: Drexel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2017
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $278,600

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 232,845
  • High Value: 283,439
  • Low Value: 182,252

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $163,400
  • Assessed Land Value: $33,400
  • Assessed Improvements Value: $130,000

    Sales

  • Current Sale Contract Date: Jan 25, 2019
  • Current Sale Recording Date: Mar 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11356
  • Previous Sale Recording Date: Jun 29, 1998
  • Previous Sale Amount: $76,500
  • 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 Liberty Heights

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1654 ft²

Average Home Age

93.7 years

Currently For Sale

38 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72431837

Frequently Asked Questions

When was property at 37 Drexel Street built and last sold?
The property at 37 Drexel Street was built in 1949 and last sold on Jan 25, 2019 for $147,000.
How much is this home worth?
The estimated value of the home located at 37 Drexel Street is $151,808.
What are some comparable homes to 37 Drexel Street?
There are currently no comparable homes to 37 Drexel Street.
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