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Springfield 01129 Sixteen Acres
40 Albee St
$261,000
● House - Off Market

40 Albee St

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$231,549
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

WILBRAHAM LINE! Outstanding Sixteen Acres location, only a few houses away from Wilbraham – DO NOT miss this opportunity to purchase this meticulously maintained ranch style home that is in move-in ready condition. The interior layout is classic and enhanced with dimmable, recessed lighting in the eat-in kitchen as well as the living room. Prepare to host summer gatherings in style as you step outside onto the large, composite deck equipped with vinyl rails that overlooks a spacious, flat and fenced in yard. Located next to many area amenities and priced to sell, this home will not last.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$218
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1971

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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 #72933768)

Price History

Date / Event Date Event Price
Feb 17, 2022 Sold
Premium
Sold
Jan 13, 2022 Listed by NRG Real Estate Services, Inc. $219,900
Listed by NRG Real Estate Services, Inc.
Sep 26, 2008 Sold
Premium
Sold
Aug 12, 2008 Listed by NRG Real Estate Services, Inc. $157,900
Listed by NRG Real Estate Services, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9,967
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000229
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 1630010
  • Parcel: SPRI S:00163 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.1071
  • Longitude: -72.4773

    Address

  • Full Address: 40 Albee St
  • Address - House Number: 40
  • Address - Street Name: Albee
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1902
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $357,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 281,061
  • High Value: 341,578
  • Low Value: 220,544

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,900
  • Assessed Land Value: $57,200
  • Assessed Improvements Value: $152,700

    Sales

  • Current Sale Contract Date: Feb 17, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10388
  • Previous Sale Recording Date: Sep 26, 2008
  • Previous Sale Amount: $167,500
  • 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 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# 72933768

Frequently Asked Questions

When was property at 40 Albee Street built and last sold?
The property at 40 Albee Street was built in 1971 and last sold on Feb 17, 2022 for $261,000.
How much is this home worth?
The estimated value of the home located at 40 Albee Street is $224,401.
What are some comparable homes to 40 Albee Street?
There are currently no comparable homes to 40 Albee Street.
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