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Springfield 01104 Liberty Heights
51 Savoy Ave
$225,000
● House - Off Market

51 Savoy Ave

Springfield, MA 01104
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,224 Ft²
$226,752
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Updated Colonial in move in condition. This house comes with stainless steel appliances.  Hardwood flooring on first floor recently updated as well.  Large living room, dining room combo.  The electrical wiring is newer. The furnace is less than 2 years old  and the house has recently been fully insulated.  The porch on the front of the house is to die for especially in the summer months.  This house has a garage and back yard space.  Two bedrooms on the 2nd floor with a walk in closet and 2 full baths.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$184
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1923

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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: 5 months ago (MLSPIN #72947137)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Mar 1, 2022 Listed by Berkshire Hathaway HomeServices Realty Professionals $225,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
Nov 27, 2019 Sold
Premium
Sold
Sep 18, 2019 Listed by Berkshire Hathaway HomeServices Realty Professionals $163,900
Listed by Berkshire Hathaway HomeServices Realty Professionals
Jul 30, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,970
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 800300

Zoning

  • Zoning: R1

Geography

  • Account Number: 106200099
  • Parcel: SPRI S:10620 P:0099
  • Municipality: SPRINGFIELD
  • Latitude: 42.1266
  • Longitude: -72.5708

    Address

  • Full Address: 51 Savoy Ave
  • Address - House Number: 51
  • Address - Street Name: Savoy
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2005
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $360,900

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 276,854
  • High Value: 325,365
  • Low Value: 228,342

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,700
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $178,800

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30952
  • Previous Sale Recording Date: Nov 27, 2019
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: O
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 Liberty Heights

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1856 ft²

Average Home Age

89.4 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 72947137

Frequently Asked Questions

When was property at 51 Savoy Avenue built and last sold?
The property at 51 Savoy Avenue was built in 1923 and last sold on May 20, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 51 Savoy Avenue is $230,582.
What are some comparable homes to 51 Savoy Avenue?
There are currently no comparable homes to 51 Savoy Avenue.
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