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Springfield 01119 Sixteen Acres
46 Timber Ln
$345,000
● House - Off Market

46 Timber Ln

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,376 Ft²
$338,423
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Welcome to your home resort in SIXTEEN ACRES. This 3 bedroom, 2 bathroom ranch will leave you WOWED. Do you like to entertain? Well, this home has what you need! Not only does this ranch style home have a great yard space for doing what your heart desires, but it has a heated pool just waiting for you to take a dip! The pool area is absolutely impeccable. You will feel like you are at a resort when you spend time by, and in, YOUR pool. Did I mention it is HEATED? This home provides a spacious dining area for when you can't take the party outside. Take a trip to the basement where you will find it 3/4 finished. Don't wait! Schedule your private showing today or come to the open house on 10/29 & 10/30 12:00pm-1:30pm on both days. Seller reserves the right to accept an offer at any time.
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$232
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1958

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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 #73051650)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Nov 1, 2022 In contract -
In contract
Oct 25, 2022 Listed by Neilsen Realty LLC $319,000
Listed by Neilsen Realty LLC
Feb 28, 1997 Sold
Premium
Sold
Dec 6, 1996 Listed by Neilsen Realty LLC $91,930
Listed by Neilsen Realty LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 10,450
  • Total Building Area: 1,376
  • Gross Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 115650007
  • Parcel: SPRI S:11565 P:0007
  • Municipality: SPRINGFIELD
  • Latitude: 42.1114
  • Longitude: -72.5177

    Address

  • Full Address: 46 Timber Ln
  • Address - House Number: 46
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2828
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $482,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 334,200
  • High Value: 399,706
  • Low Value: 268,695

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,900
  • Assessed Land Value: $49,700
  • Assessed Improvements Value: $233,200

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 70732
  • Previous Sale Recording Date: Apr 06, 2006
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73051650

Frequently Asked Questions

When was property at 46 Timber Lane built and last sold?
The property at 46 Timber Lane was built in 1958 and last sold on Dec 2, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 46 Timber Lane is $317,003.
What are some comparable homes to 46 Timber Lane?
There are currently no comparable homes to 46 Timber Lane.
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