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Springfield 01119 Sixteen Acres
43 Timber Ln
Photo of 43 Timber Ln
Sold on Jun 13, 2008

1

Map

$147,000
● House - Off Market

43 Timber Ln

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$281,030
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

Back on the market due to financing with new price & new improvements!  You already had newer vinyl siding, windows, roof, forced hot air furnace, hot water tank, & updated electric.  Now you have new tile in kitchen/dining area & both baths, new counter tops & refinished hardwood floors throughout.  With 4 large bedrooms, 1.5 baths, a large flat lot & a huge, wide open basement just waiting to be finished what more could you ask for? This is a solid value!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$120
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1963

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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 #70685181)

Price History

Date / Event Date Event Price
Jun 13, 2008 Sold
Premium
Sold
Dec 5, 2007 Listed $149,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 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: 19,328
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000444
  • 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: 115650033
  • Parcel: SPRI S:11565 P:0033
  • Municipality: SPRINGFIELD
  • Latitude: 42.1113
  • Longitude: -72.5173

    Address

  • Full Address: 43 Timber Ln
  • Address - House Number: 43
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2827
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,200

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 284,329
  • High Value: 345,904
  • Low Value: 222,754

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,000
  • Assessed Land Value: $53,600
  • Assessed Improvements Value: $159,400

    Sales

  • Current Sale Recording Date: Jun 13, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 39723
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70685181

Frequently Asked Questions

When was property at 43 Timber Lane built and last sold?
The property at 43 Timber Lane was built in 1963 and last sold on Jan 1, 1970 for $147,000.
How much is this home worth?
The estimated value of the home located at 43 Timber Lane is $157,683.
What are some comparable homes to 43 Timber Lane?
There are currently no comparable homes to 43 Timber Lane.
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