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Springfield 01109 Pine Point
55 Penrose St
$259,900
● House - Off Market

55 Penrose St

Springfield, MA 01109
bedrooms
2 Beds
bathrooms
1 Bath
square feet
780 Ft²
$1,522
Est. Monthly

About This Property

Charming Fully Renovated Two-Bedroom Home! Don't miss out on this beautifully renovated two-bedroom, one-full-bath property! This home features fresh paint throughout, brand new flooring, and stylish tile in the bathroom. Enjoy the comfort of gas heating and a newer hot water tank for added efficiency. The property also includes a detached one-car garage and a spacious backyard, perfect for outdoor gatherings and relaxation. This is an ideal opportunity for anyone looking for a move-in ready home with modern amenities. Schedule a viewing today and experience all that this charming property has to offer!  Open House this Sunday, January 26, 2025, from 12:00 to 1:30 PM!
Unit Size
780 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$333
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1955

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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 #73327203)

Price History

Date / Event Date Event Price
Mar 7, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Jan 17, 2025 Listed by RE/MAX IGNITE $259,900
Listed by RE/MAX IGNITE
Jan 20, 2023 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 780
  • Gross Building Area: 780
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 780
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 96400064
  • Parcel: SPRI S:09640 P:0064
  • Municipality: SPRINGFIELD
  • Latitude: 42.1215
  • Longitude: -72.5336

    Address

  • Full Address: 55 Penrose St
  • Address - House Number: 55
  • Address - Street Name: Penrose
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C008
  • 4-Digit Zip Code: 1830
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $240,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 75
  • Final Value: 208,983
  • High Value: 248,505
  • Low Value: 169,461

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,000
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $111,500

    Sales

  • Current Sale Contract Date: Jan 19, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 30
  • Current Sale Input Document Number: 3260
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

1393 ft²

Average Home Age

86.3 years

Currently For Sale

28 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

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Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73327203

Frequently Asked Questions

When was property at 55 Penrose Street built and last sold?
The property at 55 Penrose Street was built in 1955 and last sold on Jan 19, 2023 for $20,000.
How much is this home worth?
The estimated value of the home located at 55 Penrose Street is $259,492.
What are some comparable homes to 55 Penrose Street?
There are currently no comparable homes to 55 Penrose Street.
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