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Springfield 01104 Liberty Heights
41 Merrimac Ave
$239,500
● House - Off Market

41 Merrimac Ave

Springfield, MA 01104
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,717 Ft²
$342,403
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

NEWER CONSTRUCTION!! Well maintained colonial built in 2012 with an open floor plan on first floor that boasts the kitchen, dining room & living room. Half bath located on the main level with granite vanity. Oak staircase leads the second floor, featuring 4 bedrooms and a full bathroom with granite double vanity. The basement has already been framed & insulated, ready to be finished for additional living space!!!  This home is located close to highways, shops, gas stations and much more.
Unit Size
1,717 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$137
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
2012

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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: 5 months ago (MLSPIN #72598662)

Price History

Date / Event Date Event Price
Jan 21, 2020 Sold
Premium
Sold
Dec 6, 2019 Listed by Gallagher Real Estate $234,999
Listed by Gallagher Real Estate
Dec 6, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,657
  • Total Building Area: 1,734
  • Gross Building Area: 1,734
  • Building Area: 1,734
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,734
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 85700103
  • Parcel: SPRI S:08570 P:0103
  • Municipality: SPRINGFIELD
  • Latitude: 42.1268
  • Longitude: -72.5698

    Address

  • Full Address: 41 Merrimac Ave
  • Address - House Number: 41
  • Address - Street Name: Merrimac
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2717
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,000

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 329,103
  • High Value: 395,514
  • Low Value: 262,692

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,400
  • Assessed Land Value: $32,600
  • Assessed Improvements Value: $244,800

    Sales

  • Current Sale Contract Date: Jan 21, 2020
  • Current Sale Recording Date: Jan 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3428
  • Previous Sale Recording Date: Dec 06, 2019
  • Previous Sale Contract Date: Feb 19, 2019
  • Previous Sale Amount: $162,500
  • Previous Sale Document Type: O
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 Liberty Heights

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1856 ft²

Average Home Age

89.4 years

Currently For Sale

38 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72598662

Frequently Asked Questions

When was property at 41 Merrimac Avenue built and last sold?
The property at 41 Merrimac Avenue was built in 2012 and last sold on Jan 21, 2020 for $239,500.
How much is this home worth?
The estimated value of the home located at 41 Merrimac Avenue is $236,216.
What are some comparable homes to 41 Merrimac Avenue?
There are currently no comparable homes to 41 Merrimac Avenue.
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