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Springfield 01104 Liberty Heights
48 Mellon St
$157,000
● House - Off Market

48 Mellon St

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,113 Ft²
$227,952
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Well maintained corner lot ranch in sought after East Springfield is waiting for you for the New Year. This one owner family home awaits your creativity to update to your liking. Roof,Windows and Siding 10 years old APO. Furnace less than 5 years old APO. Garage and Family room added in 1976 APO. Home is wired with a security system not operable APO. Hardwood flooring under carpet in Livingroom, Hallway and 3 Bedrooms APO. Master bedroom and second bedroom w/ double closet. First floor stackable laundry. Shower stall level one bath installed 2001 APO. Basement partially finished with bonus room and full bathroom (shower stall). Full size Washer and Dryer also in Basement. OPEN HOUSE Sunday 12/9/18 12:00-2:00 PM
Unit Size
1,113 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$135
Property Type
House
Property Taxes
$223
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: 6 months ago (MLSPIN #72430766)

Price History

Date / Event Date Event Price
Jan 18, 2019 Sold
Premium
Sold
Dec 7, 2018 Listed by Kushner Realty $149,999
Listed by Kushner Realty

Property Highlights

Garage
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: 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,113
  • Gross Building Area: 1,113
  • Building Area: 1,113
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,113
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 85150007
  • Parcel: SPRI S:08515 P:0007
  • Municipality: SPRINGFIELD
  • Latitude: 42.1334
  • Longitude: -72.5772

    Address

  • Full Address: 48 Mellon St
  • Address - House Number: 48
  • Address - Street Name: Mellon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2052
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $336,100

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 187,020
  • High Value: 219,774
  • Low Value: 154,265

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,100
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $162,400

    Sales

  • Current Sale Contract Date: Jan 14, 2019
  • Current Sale Recording Date: Jan 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3441
  • Previous Sale Recording Date: May 31, 2011
  • 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 Liberty Heights

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1654 ft²

Average Home Age

93.7 years

Currently For Sale

38 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

Unit for rent at 144 Cabot St, MA, 01013

$1,174 /mo

  • 1 Bed
  • 1 Bath
144 Cabot St, MA, 01013 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72430766

Frequently Asked Questions

When was property at 48 Mellon Street built and last sold?
The property at 48 Mellon Street was built in 1958 and last sold on Jan 14, 2019 for $157,000.
How much is this home worth?
The estimated value of the home located at 48 Mellon Street is $157,022.
What are some comparable homes to 48 Mellon Street?
There are currently no comparable homes to 48 Mellon Street.
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