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Springfield 01129 Sixteen Acres
50 Hermitage Dr
$271,000
● House - Off Market

50 Hermitage Dr

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$262,770
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Hola! Looking for a ranch? Here you go. Home offers large living room with picture window and great fireplace. Eat-in kitchen, dining area, new counter top and floor. Exits to good size breezeway with access to nice size back and side yard. Wood floors thru-out. Three good size bedrooms with plenty of closet space. Full basement with lots of possibilities to expand. Laundry hook-up. Circuit breakers. Plus garage.
Unit Size
1,098 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$227
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1954

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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 #73032913)

Price History

Date / Event Date Event Price
Nov 2, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $249,000
Relisted
Sep 16, 2022 In contract -
In contract
Sep 6, 2022 Listed by Acuna Real Estate $249,000
Listed by Acuna Real Estate
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,094
  • Total Building Area: 1,098
  • Gross Building Area: 1,098
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 65700008
  • Parcel: SPRI S:06570 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.135
  • Longitude: -72.494

    Address

  • Full Address: 50 Hermitage Dr
  • Address - House Number: 50
  • Address - Street Name: Hermitage
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1310
  • Zip Code: 01129

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 281,459
  • High Value: 339,400
  • Low Value: 223,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,800
  • Assessed Land Value: $57,200
  • Assessed Improvements Value: $166,600

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 65133
  • Previous Sale Recording Date: Sep 11, 2003
  • Previous Sale Amount: $129,900
  • 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:

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73032913

Frequently Asked Questions

When was property at 50 Hermitage Drive built and last sold?
The property at 50 Hermitage Drive was built in 1954 and last sold on Nov 2, 2022 for $271,000.
How much is this home worth?
The estimated value of the home located at 50 Hermitage Drive is $250,168.
What are some comparable homes to 50 Hermitage Drive?
There are currently no comparable homes to 50 Hermitage Drive.
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