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Springfield 01104 Liberty Heights
38 Melha Ave
Photo of 38 Melha Ave
Sold on Oct 31, 2008

1

Map

$134,000
● House - Off Market

38 Melha Ave

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,424 Ft²
$278,482
RealtyHop Estimate
99.06%
Since Nov 1, 2008
National-US
Primary Model

About This Property

$ 1,000 BONUS TO SELLING AGENT IF CLOSED BY OCTOBER 31, 2008 - Beautiful Home with total updating, everything new from kitchen to bath to electric and Gas heat. New 100 amp electric service panel, New driveway, fresh paint & finished floors. Two rebuilt chimneys. New garage roof system rebuilt, New Garage door. Vinyl siding completed around entire house.  Total Move In Condition. Too many improvements to mention. Call for immediate showing.
Unit Size
1,424 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$98
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
1926

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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 #70775763)

Price History

Date / Event Date Event Price
Oct 31, 2008 Sold
Premium
Sold
Jun 10, 2008 Listed $139,900
Listed
Aug 23, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 112
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,179
  • Total Building Area: 1,312
  • Gross Building Area: 1,312
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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: 800500

Zoning

  • Zoning: R2

Geography

  • Account Number: 85100006
  • Parcel: SPRI S:08510 P:0006
  • Municipality: SPRINGFIELD
  • Latitude: 42.1208
  • Longitude: -72.5937

    Address

  • Full Address: 38 Melha Ave
  • Address - House Number: 38
  • Address - Street Name: Melha
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1813
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $222,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 236,705
  • High Value: 288,137
  • Low Value: 185,273

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,700
  • Assessed Land Value: $27,500
  • Assessed Improvements Value: $103,200

    Sales

  • Current Sale Recording Date: Oct 31, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 70691
  • Previous Sale Recording Date: Aug 23, 2007
  • Previous Sale Amount: $60,000
  • 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 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# 70775763

Frequently Asked Questions

When was property at 38 Melha Avenue built and last sold?
The property at 38 Melha Avenue was built in 1926 and last sold on Jan 1, 1970 for $134,000.
How much is this home worth?
The estimated value of the home located at 38 Melha Avenue is $148,737.
What are some comparable homes to 38 Melha Avenue?
There are currently no comparable homes to 38 Melha Avenue.
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