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Springfield 01109 Old Hill
40 Marshall St
$225,000
● House - Off Market

40 Marshall St

Springfield, MA 01109
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,410 Ft²
$198,823
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Amazing opportunity to buy a single family home in Springfield, Ma sitting on a nearly .3 acre lot. Detached 2 car garage and plenty off-street parking. 2400 sqft of living space allows room for customizing the home exactly the way you want it.  Rooms are oversized with plenty of space. Beautiful hardwood floors upstairs. Home sits off the street so there is plenty of privacy. This is a must see property.
Unit Size
2,410 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$83
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1917

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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 #73135146)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 17, 2023 In contract -
In contract
Jul 12, 2023 Listed by The LGCY Group LLC $199,943
Listed by The LGCY Group LLC
Jun 4, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 4
  • 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: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,944
  • Total Building Area: 2,410
  • Gross Building Area: 2,410
  • Building Area: 2,410
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,410
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000274
  • 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: 801800

Zoning

  • Zoning: R2

Geography

  • Account Number: 83050006
  • Parcel: SPRI S:08305 P:0006
  • Municipality: SPRINGFIELD
  • Latitude: 42.1003
  • Longitude: -72.5636

    Address

  • Full Address: 40 Marshall St
  • Address - House Number: 40
  • Address - Street Name: Marshall
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C007
  • 4-Digit Zip Code: 3722
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $204,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 239,754
  • High Value: 292,564
  • Low Value: 186,943

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,000
  • Assessed Land Value: $23,800
  • Assessed Improvements Value: $96,200

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Aug 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41196
  • Previous Sale Recording Date: Jun 04, 1993
  • Previous Sale Amount: $67,500
  • 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 Old Hill

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2164 ft²

Average Home Age

119.8 years

Currently For Sale

5 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# 73135146

Frequently Asked Questions

When was property at 40 Marshall Street built and last sold?
The property at 40 Marshall Street was built in 1917 and last sold on Aug 31, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 40 Marshall Street is $204,012.
What are some comparable homes to 40 Marshall Street?
There are currently no comparable homes to 40 Marshall Street.
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