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Springfield 01119 Sixteen Acres
45 Catalpa Terrace
$190,000
● House - Off Market

45 Catalpa Terrace

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
942 Ft²
$262,683
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Price, Location, condition. We talk about all three, rarely do you get all three!  Great ranch, for starting out, working through Grad School, retiring.  This home is move in ready.  Lovely wood floors, freshly painted, fenced yard, CAIR, finished basement. An above ground pool , just in time for all your summer fun. A great deck with a Screen Porch that will remain, and a shed that will remain  .  A detached garage, updated bath.  It is   close to schools, shopping, churches , restaurants. etc.
Unit Size
942 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$190
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1950

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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 #72506498)

Price History

Date / Event Date Event Price
Jul 15, 2019 Sold
Premium
Sold
May 25, 2019 Listed by Benton Real Estate Company $179,000
Listed by Benton Real Estate Company
Nov 17, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 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: 9,448
  • Total Building Area: 942
  • Gross Building Area: 942
  • Building Area: 942
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 25000042
  • Parcel: SPRI S:02500 P:0042
  • Municipality: SPRINGFIELD
  • Latitude: 42.1188
  • Longitude: -72.5106

    Address

  • Full Address: 45 Catalpa Ter
  • Address - House Number: 45
  • Address - Street Name: Catalpa
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2401
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,400

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 281,834
  • High Value: 342,869
  • Low Value: 220,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,200
  • Assessed Land Value: $49,400
  • Assessed Improvements Value: $187,800

    Sales

  • Current Sale Contract Date: Jul 12, 2019
  • Current Sale Recording Date: Jul 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38639
  • Previous Sale Recording Date: Nov 17, 2000
  • Previous Sale Amount: $79,900
  • 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:

$325,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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# 72506498

Frequently Asked Questions

When was property at 45 Catalpa Terrace built and last sold?
The property at 45 Catalpa Terrace was built in 1950 and last sold on Jul 12, 2019 for $190,000.
How much is this home worth?
The estimated value of the home located at 45 Catalpa Terrace is $186,552.
What are some comparable homes to 45 Catalpa Terrace?
There are currently no comparable homes to 45 Catalpa Terrace.
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