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Springfield 01119 Pine Point
43 Patterson Avenue
$230,000
● House - Off Market

43 Patterson Avenue

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$240,218
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

WELL MAINTAINED & WELL LOVED, describes this ONE OWNER vinyl sided 4 BEDROOM DORMERED CAPE in great location. MANY UPDATES,  including replacement windows, furnace, hot water heater and newer roof. Eat in kitchen with oak cabinetry, tiled bath with laundry chute and linen closet. Gleaming  hardwood flooring, living room with picture window and 2 bedrooms complete first floor. 2nd floor has been plumbed for future bath (apo) with 2 spacious bedrooms. Full basement with workshop and lots of room for storage.  Large fenced yard with covered patio and storage shed is a plus. Located on a pretty tree lined street, close to all area amenities. Easy to show.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$156
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1959

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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 years ago (MLSPIN #72857950)

Price History

Date / Event Date Event Price
Aug 16, 2021 Sold
Premium
Sold
Jun 29, 2021 Listed by CR Premier Properties $209,900
Listed by CR Premier Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 6,299
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 95550058
  • Parcel: SPRI S:09555 P:0058
  • Municipality: SPRINGFIELD
  • Latitude: 42.131
  • Longitude: -72.5211

    Address

  • Full Address: 43 Patterson Ave
  • Address - House Number: 43
  • Address - Street Name: Patterson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1432
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $317,000

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 261,013
  • High Value: 313,503
  • Low Value: 208,523

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,900
  • Assessed Land Value: $34,200
  • Assessed Improvements Value: $151,700

    Sales

  • Current Sale Contract Date: Aug 16, 2021
  • Current Sale Recording Date: Aug 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 57422
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 Pine Point

Stats & Trends

Median Asking:

$298,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1435 ft²

Average Home Age

86 years

Currently For Sale

27 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72857950

Frequently Asked Questions

When was property at 43 Patterson Avenue built and last sold?
The property at 43 Patterson Avenue was built in 1959 and last sold on Aug 16, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 43 Patterson Avenue is $0.
What are some comparable homes to 43 Patterson Avenue?
There are currently no comparable homes to 43 Patterson Avenue.
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