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Springfield 01119 Pine Point
5 Olney Ave
$335,000
● House - Off Market

5 Olney Ave

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,250 Ft²
$1,966
Est. Monthly

About This Property

Welcome to your dream home! This beautifully maintained single-family residence features 3 spacious bedrooms and 2 full bathrooms, perfect for families or those seeking extra space. Step inside to find a bright, open-concept living area that flows seamlessly into the updated kitchen, complete with stainless steel appliances and quartz counter space. Enjoy outdoor living in the large backyard, ideal for gatherings or quiet. Located in a friendly neighborhood with convenient access to schools, parks, and shopping, this home is a perfect blend of comfort and convenience. Don't miss your chance to make this your forever home!
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$268
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1999

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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 #73293399)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 13, 2024 In contract -
In contract
Oct 31, 2024 Price Decreased $335,000
↓ $4K (1.2%)
Price Decreased
Oct 18, 2024 Price Decreased $339,000
↓ $10K (2.9%)
Price Decreased
Oct 5, 2024 Price Decreased $349,000
↓ $16K (4.4%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Total Building Area: 1,186
  • Gross Building Area: 1,186
  • Building Area: 1,186
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,186
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 93000032
  • Parcel: SPRI S:09300 P:0032
  • Municipality: SPRINGFIELD
  • Latitude: 42.1243
  • Longitude: -72.5253

    Address

  • Full Address: 5 Olney Ave
  • Address - House Number: 5
  • Address - Street Name: Olney
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1455
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $381,600

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 279,966
  • High Value: 340,596
  • Low Value: 219,336

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,800
  • Assessed Land Value: $30,300
  • Assessed Improvements Value: $193,500

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 10299
  • Previous Sale Recording Date: Oct 20, 2006
  • Previous Sale Amount: $151,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$298,500

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1379 ft²

Average Home Age

86.9 years

Currently For Sale

29 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# 73293399

Frequently Asked Questions

When was property at 5 Olney Avenue built and last sold?
The property at 5 Olney Avenue was built in 1999 and last sold on Nov 3, 2021 for $160,946.
How much is this home worth?
The estimated value of the home located at 5 Olney Avenue is $326,946.
What are some comparable homes to 5 Olney Avenue?
There are currently no comparable homes to 5 Olney Avenue.
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