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Springfield 01104 Liberty Heights
48 Drexel
$160,000
● House - Off Market

48 Drexel

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,410 Ft²
$246,952
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

It's Exactly What You've Been Looking For!! Beautiful Cape, Located in East Springfield First Level Has A Beautiful Kitchen With Dining Area, Spacious Living Room, Full Bathroom, 2 Spacious Bedrooms, When You Walk Up To Floor Number 2 You Will Find A Huge Master Bedroom with Electric Heat, Walk-In Closet, and A Unfinished Bathroom That Has Been Rough Plumbed and Is Ready To Easily Become A Master Bath!!! Wait We are Not Done There Is More, When You Walk Down To The Fully Finished Basement There Is a Huge Bonus Family Room Perfect For a Home Theater Or Simply Entertaining! Last But Not Least Stainless Steel Appliances Are Included With The Sale, The House Has A Forced Hot Air Gas Heating System, Huge Yard, In Other Words, This Will Not Last! Schedule Your Showing Before You Lose Out! Again!!BOOM!!!
Unit Size
1,410 Ft²
Days on Market
-
Land Size
-
Price per sqft
$111
Property Type
House
Property Taxes
$104
HOA Dues
-
Year Built
1947

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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 #72242371)

Price History

Date / Event Date Event Price
Dec 21, 2017 Sold
Premium
Sold
Oct 12, 2017 Listed by Gallagher Real Estate $155,888
Listed by Gallagher Real Estate
Jul 2, 2014 Sold
Premium
Sold
May 1, 2014 Listed by Gallagher Real Estate $118,900
Listed by Gallagher Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 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: 5,798
  • Total Building Area: 1,368
  • Gross Building Area: 1,368
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 41000009
  • Parcel: SPRI S:04100 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.126
  • Longitude: -72.5723

    Address

  • Full Address: 48 Drexel St
  • Address - House Number: 48
  • Address - Street Name: Drexel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2018
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $328,900

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 260,724
  • High Value: 317,376
  • Low Value: 204,073

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,900
  • Assessed Land Value: $33,900
  • Assessed Improvements Value: $159,000

    Sales

  • Current Sale Recording Date: Dec 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 75786
  • Previous Sale Recording Date: Jul 02, 2014
  • Previous Sale Amount: $118,900
  • Previous Sale Document Type: O
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 Liberty Heights

Stats & Trends

Median Asking:

$309,950

Sale Price/ft²

$197

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1783 ft²

Average Home Age

92.6 years

Currently For Sale

33 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# 72242371

Frequently Asked Questions

When was property at 48 Drexel Street built and last sold?
The property at 48 Drexel Street was built in 1947 and last sold on Jan 1, 1970 for $160,000.
How much is this home worth?
The estimated value of the home located at 48 Drexel Street is $165,865.
What are some comparable homes to 48 Drexel Street?
There are currently no comparable homes to 48 Drexel Street.
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