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Springfield 01109 Bay
48 Willard Ave
$120,000
● House - Off Market

48 Willard Ave

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,490 Ft²
$182,416
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

This 3 bedroom, 1.5 bath Colonial has been fully renovated within the past 2 years with great features you will the love including a renovated kitchen with newer cabinets and ceramic tile flooring, formal dining room, fully renovated baths, spacious bedrooms, younger covered front porch, and back deck that looks over the fantastic oversized yard.  Upgrades include new roof, windows, water heater, electrical and plumbing.  Two lots convey.  Nothing to do but move in!  Schedule a showing today!
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$80
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1898

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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 #72413226)

Price History

Date / Event Date Event Price
Dec 28, 2018 Sold
Premium
Sold
Oct 19, 2018 Listed by Coldwell Banker Residential Brokerage $119,900
Listed by Coldwell Banker Residential Brokerage
Jun 8, 2017 Sold
Premium
Sold
Jun 12, 2006 Sold
Premium
Sold
Mar 21, 2006 Listed by Carlson GMAC Real Estate $109,800
Listed by Carlson GMAC Real Estate
HILL McKNIGHT ~ Updated electric, new hot water heater, hardwood floors. Easy to show. Price includes Lot 6 State Street Terrace (2895 SF) + 48 Willard (6721 SF) 9616 SF total.
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 2017
  • 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: 102
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,273
  • Total Building Area: 1,490
  • Gross Building Area: 1,490
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 801401

Zoning

  • Zoning: R2

Geography

  • Account Number: 122950009
  • Parcel: SPRI S:12295 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.1156
  • Longitude: -72.556

    Address

  • Full Address: 48 Willard Ave
  • Address - House Number: 48
  • Address - Street Name: Willard
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 3035
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $312,000

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 124,944
  • High Value: 146,869
  • Low Value: 103,018

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $183,000
  • Assessed Land Value: $28,300
  • Assessed Improvements Value: $154,700

    Sales

  • Current Sale Contract Date: Dec 24, 2018
  • Current Sale Recording Date: Dec 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77563
  • Previous Sale Recording Date: Jun 08, 2017
  • Previous Sale Amount: $100,000
  • 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 Bay

Stats & Trends

Median Asking:

$321,500

Sale Price/ft²

$167

Above Asking

0.00%

Average Days on Market

75

Average Home Size

2023 ft²

Average Home Age

82.6 years

Currently For Sale

12 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: 6 months ago
Data Source: MLS PIN, MLS# 72413226

Frequently Asked Questions

When was property at 48 Willard Avenue built and last sold?
The property at 48 Willard Avenue was built in 1898 and last sold on Dec 24, 2018 for $120,000.
How much is this home worth?
The estimated value of the home located at 48 Willard Avenue is $131,622.
What are some comparable homes to 48 Willard Avenue?
There are currently no comparable homes to 48 Willard Avenue.
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