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West Springfield Town 01089
38 Hill Street
$300,000
● House - Off Market

38 Hill Street

West Springfield, MA 01089
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,458 Ft²
$309,042
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

FULLY REMODELED! This is the ideal home for anyone not looking to do anything prior to moving in. It has been substantially remodeled and improved throughout. The main level features a living room, dining room and kitchen with new stainless steel appliances, new cabinets and granite counters, as well as an added half bath. Additionally, there is a first-floor bedroom that would make a great home office or playroom. Upstairs you will find the other 3 bedrooms and an exquisitely remodeled bath. The sellers have really maximized the potential of this home with all these updates and their great choices in style. The main hightlights are: fresh neutral paint, NEW flooring, NEW roof, NEW windows, NEW HIGH-EFFICIENCY FWA gas furnace, NEW electrical. This home truly shines among the limited inventory in town.
Unit Size
1,458 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$206
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #73072138)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
Feb 25, 2023 In contract -
In contract
Jan 19, 2023 Listed by NRG Real Estate Services, Inc. $299,900
Listed by NRG Real Estate Services, Inc.
Jan 1, 2023 No longer available -
No longer available
Dec 6, 2022 Price Decreased $299,899
↓ $100 (0%)
Price Decreased
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,325
  • Total Building Area: 1,458
  • Gross Building Area: 2,280
  • Building Area: 1,458
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,458
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812300

Geography

  • Account Number: 313-19850-23-001
  • District: 325
  • Parcel: WSPR M:00313 B:19850 L:00023
  • Block: 19850
  • Lot: 23
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1016
  • Longitude: -72.611

    Address

  • Full Address: 38 Hill St
  • Address - House Number: 38
  • Address - Street Name: Hill
  • Address - Suffix Type: St
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 3416
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $360,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 301,758
  • High Value: 328,118
  • Low Value: 275,399

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $243,600
  • Assessed Land Value: $94,900
  • Assessed Improvements Value: $148,700

    Sales

  • Current Sale Contract Date: Mar 21, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12507
  • Previous Sale Recording Date: Feb 02, 2022
  • Previous Sale Contract Date: Feb 02, 2022
  • Previous Sale Amount: $125,000
  • 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 West Springfield Town

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1977 ft²

Average Home Age

74.4 years

Currently For Sale

36 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# 73072138

Frequently Asked Questions

When was property at 38 Hill Street built and last sold?
The property at 38 Hill Street was built in 1920 and last sold on Mar 21, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 38 Hill Street is $302,493.
What are some comparable homes to 38 Hill Street?
There are currently no comparable homes to 38 Hill Street.
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