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Springfield 01109 Old Hill
47 Olive Street
$235,000
● House - Off Market

47 Olive Street

Springfield, MA 01109
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,108 Ft²
$235,309
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Come home to this fully remodeled colonial home featuring 4 large bedrooms with 1 and half bathrooms. First floor includes the kitchen with an open floor plan leading to the living room and half bath. All new stainless steel appliances and granite countertops. As well as 1 of the bedrooms. Second floor includes 3 of the other bedrooms and the full bathroom. The entire house has life proof laminate flooring with updated electrical and plumbing. Full basement with laundry hook ups. Outside you will find a 2 car garage and decent yard space perfect for you and your family. Schedule a showing today!
Unit Size
1,108 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1910

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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 #72987007)

Price History

Date / Event Date Event Price
Jul 20, 2022 Sold
Premium
Sold
May 24, 2022 Listed by Gallagher Real Estate $229,999
Listed by Gallagher Real Estate
Dec 29, 2021 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,180
  • Gross Building Area: 1,180
  • Building Area: 1,180
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,180
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 801800

Zoning

  • Zoning: R2

Geography

  • Account Number: 92900011
  • Parcel: SPRI S:09290 P:0011
  • Municipality: SPRINGFIELD
  • Latitude: 42.104
  • Longitude: -72.5608

    Address

  • Full Address: 47 Olive St
  • Address - House Number: 47
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C007
  • 4-Digit Zip Code: 3313
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $314,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 246,085
  • High Value: 267,487
  • Low Value: 224,683

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,300
  • Assessed Land Value: $21,900
  • Assessed Improvements Value: $162,400

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44141
  • Previous Sale Recording Date: Dec 29, 2021
  • Previous Sale Contract Date: Dec 28, 2021
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Old Hill

Stats & Trends

Median Asking:

$317,500

Sale Price/ft²

$181

Below Asking

0.01%

Average Days on Market

61

Average Home Size

2423 ft²

Average Home Age

122.7 years

Currently For Sale

6 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: 5 months ago
Data Source: MLS PIN, MLS# 72987007

Frequently Asked Questions

When was property at 47 Olive Street built and last sold?
The property at 47 Olive Street was built in 1910 and last sold on Jul 20, 2022 for $235,000.
How much is this home worth?
The estimated value of the home located at 47 Olive Street is $229,884.
What are some comparable homes to 47 Olive Street?
There are currently no comparable homes to 47 Olive Street.
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