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Springfield 01119 Sixteen Acres
48 Redden St
$149,900
● House - Off Market

48 Redden St

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
999 Ft²
$252,779
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

This home makes life easy. Whether it's the central location or the one story living, this home has it. This well cared for home has easy access to both Wilbraham Rd or Parker St making commuting a breeze. The large eat-in kitchen is just one of the great interior features this house has. Hardwood floors are in all the bedrooms as well as the living room. The gas heat reduces the energy costs during the winter and the gas stove helps supplement the heat plus it gives a little ambiance. The partially finished basement gives you a great flexible space for entertaining. The exterior of the home has a fenced in backyard, an oversized shed and screened porch. Located 5 minutes from Veteran's Golf Course. Hot tub to remain as well for buyers enjoyment.
Unit Size
999 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$150
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1960

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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 #71997808)

Price History

Date / Event Date Event Price
Oct 27, 2016 Sold
Premium
Sold
May 2, 2016 Listed by RE/MAX Swift River Valley $149,900
Listed by RE/MAX Swift River Valley
Oct 1, 2009 Sold
Premium
Sold
Aug 17, 2009 Listed by RE/MAX Swift River Valley $164,900
Listed by RE/MAX Swift River Valley

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • 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: 7,349
  • Total Building Area: 999
  • Gross Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 101100008
  • Parcel: SPRI S:10110 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1178
  • Longitude: -72.5012

    Address

  • Full Address: 48 Redden St
  • Address - House Number: 48
  • Address - Street Name: Redden
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 2632
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $355,800

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 273,085
  • High Value: 332,225
  • Low Value: 213,945

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,700
  • Assessed Land Value: $48,900
  • Assessed Improvements Value: $159,800

    Sales

  • Current Sale Recording Date: Oct 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64497
  • Previous Sale Recording Date: Oct 01, 2009
  • Previous Sale Amount: $160,000
  • 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:

$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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71997808

Frequently Asked Questions

When was property at 48 Redden Road built and last sold?
The property at 48 Redden Road was built in 1960 and last sold on Jan 1, 1970 for $149,900.
How much is this home worth?
The estimated value of the home located at 48 Redden Road is $158,141.
What are some comparable homes to 48 Redden Road?
There are currently no comparable homes to 48 Redden Road.
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