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Springfield 01109 Bay
40 Cortland St
$220,000
● House - Off Market

40 Cortland St

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,427 Ft²
$226,445
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

PREVIOUS BUYER  FINANCING FELL THRU ...Move right in to this updated 3 bedroom 2 bathroom home. Conveniently located right off State St, with access to 91 in mins. The homeowners invested in updating the most important rooms in the house... the kitchen and the bathroom. Come take a look for yourself!
Unit Size
1,427 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$154
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1915

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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 #72927675)

Price History

Date / Event Date Event Price
Mar 15, 2022 Sold
Premium
Sold
Dec 14, 2021 Listed by Keller Williams Realty $219,900
Listed by Keller Williams Realty
May 7, 2019 Sold
Premium
Sold
Mar 15, 2019 Listed by Keller Williams Realty $130,000
Listed by Keller Williams Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 168
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,456
  • Total Building Area: 1,427
  • Gross Building Area: 1,427
  • Building Area: 1,427
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,427
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • 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: 801401

Zoning

  • Zoning: R2

Geography

  • Account Number: 33000008
  • Parcel: SPRI S:03300 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1158
  • Longitude: -72.5547

    Address

  • Full Address: 40 Cortland St
  • Address - House Number: 40
  • Address - Street Name: Cortland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 2413
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $341,200

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 267,006
  • High Value: 325,819
  • Low Value: 208,192

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,100
  • Assessed Land Value: $28,400
  • Assessed Improvements Value: $171,700

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15864
  • Previous Sale Recording Date: May 07, 2019
  • Previous Sale Contract Date: Apr 17, 2019
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 71
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 Bay

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$160

Above Asking

90.20%

Average Days on Market

71

Average Home Size

1925 ft²

Average Home Age

76.6 years

Currently For Sale

9 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72927675

Frequently Asked Questions

When was property at 40 Cortland Street built and last sold?
The property at 40 Cortland Street was built in 1915 and last sold on Mar 15, 2022 for $220,000.
How much is this home worth?
The estimated value of the home located at 40 Cortland Street is $224,229.
What are some comparable homes to 40 Cortland Street?
There are currently no comparable homes to 40 Cortland Street.
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