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Springfield 01129 Sixteen Acres
386 Hermitage Drive
$185,000
● House - Off Market

386 Hermitage Drive

Springfield, MA 01129
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,532 Ft²
$316,859
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

This outstanding home has a kitchen/dinning area and has a new slider which opens to a fenced in yard and an above ground pool(new liner) and lots of storage with the large shed. The roof is 1yr old and the new owner has a 1yr guarantee. along with 2 bath rooms has outstanding hard wood floors, along with a semi finished basement. This is a home you can really enjoy.
Unit Size
1,532 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$123
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1956

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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: 4 months ago (MLSPIN #72030253)

Price History

Date / Event Date Event Price
Oct 28, 2016 Sold
Premium
Sold
Jun 28, 2016 Listed by DiSanti Realty Group, LLC $187,900
Listed by DiSanti Realty Group, LLC
Apr 26, 2002 Sold
Premium
Sold
Feb 1, 2002 Listed by DiSanti Realty Group, LLC $124,900
Listed by DiSanti Realty Group, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 14,109
  • Total Building Area: 1,532
  • Gross Building Area: 1,532
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000324
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 65700072
  • Parcel: SPRI S:06570 P:0072
  • Municipality: SPRINGFIELD
  • Latitude: 42.1366
  • Longitude: -72.4895

    Address

  • Full Address: 386 Hermitage Dr
  • Address - House Number: 386
  • Address - Street Name: Hermitage
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1314
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,700

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 308,355
  • High Value: 370,034
  • Low Value: 246,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,200
  • Assessed Land Value: $56,800
  • Assessed Improvements Value: $196,400

    Sales

  • Current Sale Recording Date: Oct 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 64907
  • Previous Sale Recording Date: Apr 26, 2002
  • Previous Sale Amount: $123,900
  • 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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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# 72030253

Frequently Asked Questions

When was property at 386 Hermitage Drive built and last sold?
The property at 386 Hermitage Drive was built in 1956 and last sold on Jan 1, 1970 for $185,500.
How much is this home worth?
The estimated value of the home located at 386 Hermitage Drive is $196,710.
What are some comparable homes to 386 Hermitage Drive?
There are currently no comparable homes to 386 Hermitage Drive.
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