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Springfield 01128 Sixteen Acres
480 Porter Road
$171,000
● House - Off Market

480 Porter Road

Springfield, MA 01128
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,664 Ft²
$278,905
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Well cared for Brick Cape on the East Longmeadow/Wilbraham line. This large corner lot has many upgrades and improvements. The Open Floor Plan allows for entertaining with ease and the fireplace located in the living room offers a cozy atmosphere in the colder months. The kitchen has been thoughtfully upgraded with it's granite counters, maple cabinetry and stainless steel gas range, dishwasher and microwave. There are hardwood floors located throughout most of the house for your pleasure. The newer deck is a nice area to relax and enjoy the summer months. Updated windows throughout.   The driveway is located on the side street for your convenience. This Cape has a style and charming feel that is bright and comfortable.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$105
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1920

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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 #72164344)

Price History

Date / Event Date Event Price
Aug 4, 2017 Sold
Premium
Sold
May 15, 2017 Listed by Landmark, REALTORS® $174,900
Listed by Landmark, REALTORS®
Sep 9, 2009 Sold
Premium
Sold
Jun 16, 2009 Listed by Landmark, REALTORS® $134,900
Listed by Landmark, REALTORS®
Jun 5, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 114
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,135
  • Total Building Area: 1,664
  • Gross Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL MANOR
  • Land Acres: 0000000324
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 98470070
  • Parcel: SPRI S:09847 P:0070
  • Municipality: SPRINGFIELD
  • Latitude: 42.0897
  • Longitude: -72.4732

    Address

  • Full Address: 480 Porter Rd
  • Address - House Number: 480
  • Address - Street Name: Porter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1350
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $351,900

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 304,069
  • High Value: 371,202
  • Low Value: 236,935

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,400
  • Assessed Land Value: $59,100
  • Assessed Improvements Value: $147,300

    Sales

  • Current Sale Recording Date: Aug 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44944
  • Previous Sale Recording Date: Sep 09, 2009
  • Previous Sale Amount: $130,900
  • 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

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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# 72164344

Frequently Asked Questions

When was property at 480 Porter Road built and last sold?
The property at 480 Porter Road was built in 1920 and last sold on Jan 1, 1970 for $171,000.
How much is this home worth?
The estimated value of the home located at 480 Porter Road is $190,340.
What are some comparable homes to 480 Porter Road?
There are currently no comparable homes to 480 Porter Road.
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