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Springfield 01104 East Springfield
55 Redlands St
$240,000
● House - Off Market

55 Redlands St

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,312 Ft²
$254,254
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Here is our chance to own this Bungalow style ranch in East Springfield close to everything! This home has both front and rear enclosed porches, perfect for a mudroom. Walk into the spacious open living and dining room combo with hardwood floors. Updated kitchen cabinets with back splash, updated bathrooms, finish basement with full bathroom too and new driveway. There is tons of natural light throughout the home. Plenty of off-street parking along with a 1 car detached garage. This one won't last, schedule your showing today! Easy to show Go and show
Unit Size
1,312 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$190
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1926

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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 #73079127)

Price History

Date / Event Date Event Price
Apr 24, 2023 Sold
Premium
Sold
Mar 3, 2023 In contract -
In contract
Feb 14, 2023 Listed by Lock and Key Realty Inc. $249,900
Listed by Lock and Key Realty Inc.
Dec 21, 2022 Temporarily off market -
Temporarily off market
Dec 8, 2022 Price Decreased $244,900
↓ $5K (2%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 948
  • Gross Building Area: 948
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 948
  • 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: 800201

Zoning

  • Zoning: R1

Geography

  • Account Number: 101150101
  • Parcel: SPRI S:10115 P:0101
  • Municipality: SPRINGFIELD
  • Latitude: 42.134
  • Longitude: -72.5622

    Address

  • Full Address: 55 Redlands St
  • Address - House Number: 55
  • Address - Street Name: Redlands
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C016
  • 4-Digit Zip Code: 2909
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $268,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 92
  • Final Value: 254,995
  • High Value: 277,172
  • Low Value: 232,819

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,600
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $122,900

    Sales

  • Current Sale Contract Date: Apr 24, 2023
  • Current Sale Recording Date: Apr 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18300
  • Previous Sale Recording Date: May 31, 2022
  • Previous Sale Contract Date: May 25, 2022
  • Previous Sale Amount: $150,000
  • 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 East Springfield

Stats & Trends

Median Asking:

$287,450

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1319 ft²

Average Home Age

81.7 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73079127

Frequently Asked Questions

When was property at 55 Redlands Street built and last sold?
The property at 55 Redlands Street was built in 1926 and last sold on Apr 24, 2023 for $240,000.
How much is this home worth?
The estimated value of the home located at 55 Redlands Street is $252,520.
What are some comparable homes to 55 Redlands Street?
There are currently no comparable homes to 55 Redlands Street.
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