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Springfield 01119 Sixteen Acres
48 Emerald Rd
$240,000
● House - Off Market

48 Emerald Rd

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$217,189
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome home to this spacious diamond in the rough ranch style home located on a corner lot in a desirable neighborhood. One level living is perfect for anyone looking to downsize or just starting out. Bring this baby back to life with a little TLC and create the home of your dreams. You will be surprised by the oversized family room and primary bedroom. This home offers 2 driveways for extra parking for all of your future cookouts that you will be hosting in your spacious backyard. Located within close proximity of plenty of amenities for all of your needs.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$176
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1952

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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 #73124835)

Price History

Date / Event Date Event Price
Oct 31, 2023 Sold
Premium
Sold
Jun 20, 2023 In contract -
In contract
Jun 14, 2023 Listed by Custom Home Realty, Inc. $218,000
Listed by Custom Home Realty, Inc.
May 28, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,242
  • Gross Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: 46450011
  • Parcel: SPRI S:04645 P:0011
  • Municipality: SPRINGFIELD
  • Latitude: 42.1099
  • Longitude: -72.5196

    Address

  • Full Address: 48 Emerald Rd
  • Address - House Number: 48
  • Address - Street Name: Emerald
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2812
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $313,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 68
  • Final Value: 260,415
  • High Value: 319,135
  • Low Value: 201,695

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $183,900
  • Assessed Land Value: $49,200
  • Assessed Improvements Value: $134,700

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51895
  • Previous Sale Recording Date: May 28, 1993
  • Previous Sale Amount: $90,000
  • 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:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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# 73124835

Frequently Asked Questions

When was property at 48 Emerald Road built and last sold?
The property at 48 Emerald Road was built in 1952 and last sold on Oct 31, 2023 for $240,000.
How much is this home worth?
The estimated value of the home located at 48 Emerald Road is $226,274.
What are some comparable homes to 48 Emerald Road?
There are currently no comparable homes to 48 Emerald Road.
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