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Springfield 01104 Liberty Heights
38 Drexel Street
$103,000
● House - Off Market

38 Drexel Street

Springfield, MA 01104
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$181,786
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Expandable & affordable Cape Cod home on a pretty street.  Lots of beautiful gleaming hardwood floors, a newly reshingled roof & a nice screened porch.  Lots of freshly painted rooms.., a new bulkhead door, a 1 car garage and so much  more.  The kitchen stove and refrigerator, washer and dryer are all included for the buyers enjoyment. Building lot to the left of home is included. Make your appointment today !
Unit Size
720 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$150
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1942

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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 #72075540)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
May 17, 2021 Listed by Ayre Real Estate Co, Inc. $169,000
Listed by Ayre Real Estate Co, Inc.
Nov 22, 2016 Sold
Premium
Sold
Sep 30, 2016 Listed by Ayre Real Estate Co, Inc. $107,900
Listed by Ayre Real Estate Co, Inc.
Sep 10, 2014 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,550
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • 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: 41000007
  • Parcel: SPRI S:04100 P:0007
  • Municipality: SPRINGFIELD
  • Latitude: 42.1258
  • Longitude: -72.5722

    Address

  • Full Address: 38 Drexel St
  • Address - House Number: 38
  • Address - Street Name: Drexel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2018
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $265,100

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 239,689
  • High Value: 281,784
  • Low Value: 197,593

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,500
  • Assessed Land Value: $33,600
  • Assessed Improvements Value: $121,900

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47505
  • Previous Sale Recording Date: Nov 22, 2016
  • Previous Sale Amount: $103,000
  • Previous Sale Document Type: O
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

57

Average Home Size

1876 ft²

Average Home Age

92.1 years

Currently For Sale

31 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: 4 months ago
Data Source: MLS PIN, MLS# 72075540

Frequently Asked Questions

When was property at 38 Drexel Street built and last sold?
The property at 38 Drexel Street was built in 1942 and last sold on Jul 8, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 38 Drexel Street is $170,316.
What are some comparable homes to 38 Drexel Street?
There are currently no comparable homes to 38 Drexel Street.
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