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Springfield 01119 Sixteen Acres
40 Old Farm Rd
$154,000
● House - Off Market

40 Old Farm Rd

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$245,375
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Ranch on a 1/4 acre lot in desirable neighborhood with 3 bedrooms and a 1 car garage. Freshly painted living room with windows overlooking front yard. Kitchen includes built in dishwasher and sliding glass door leading to cement patio and fenced in private yard. Additional room off kitchen used for first floor laundry and storage. each of the 3 bedrooms have new wall to wall carpeting and were recently painted.. New 30 year architectural roofing shingle and new vinyl siding. (2016). Extra deep 1 car attached garage with new garage door.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$129
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1952

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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 #72293865)

Price History

Date / Event Date Event Price
May 1, 2018 Sold
Premium
Sold
Mar 15, 2018 Listed by Teamwork Realty Group, LLC $159,900
Listed by Teamwork Realty Group, LLC
Mar 16, 2010 Sold
Premium
Sold
Jan 6, 2010 Listed by Teamwork Realty Group, LLC $79,900
Listed by Teamwork Realty Group, LLC
Apr 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • 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: 5
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,242
  • Gross Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 92650005
  • Parcel: SPRI S:09265 P:0005
  • Municipality: SPRINGFIELD
  • Latitude: 42.1051
  • Longitude: -72.5184

    Address

  • Full Address: 40 Old Farm Rd
  • Address - House Number: 40
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2822
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $342,400

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 257,262
  • High Value: 311,140
  • Low Value: 203,384

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,800
  • Assessed Land Value: $50,400
  • Assessed Improvements Value: $150,400

    Sales

  • Current Sale Recording Date: May 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23586
  • Previous Sale Recording Date: Mar 16, 2010
  • Previous Sale Amount: $70,000
  • 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 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# 72293865

Frequently Asked Questions

When was property at 40 Old Farm Road built and last sold?
The property at 40 Old Farm Road was built in 1952 and last sold on Jan 1, 1970 for $154,000.
How much is this home worth?
The estimated value of the home located at 40 Old Farm Road is $166,511.
What are some comparable homes to 40 Old Farm Road?
There are currently no comparable homes to 40 Old Farm Road.
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