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Springfield 01128 Sixteen Acres
56 Gralia Drive
$130,000
● House - Off Market

56 Gralia Drive

Springfield, MA 01128
bedrooms
4 Beds
bathrooms
1 Bath
square feet
999,999 Ft²
$340,484
RealtyHop Estimate
143.38%
Since Jan 1, 2003
National-US
Primary Model

About This Property

GREAT POSSIBILITIES IN THIS 4 BEDRM. 1 BATH BRICK CAPE W/ATT GARAGE.HARDWOOD FLRS.GENEROUS SIZED KIT.&LIV.RM. & PARTIALLY FIN.BASEMENT W/F'PLACE. LOCATED ON GREAT ST.NEAR E.LONG/WILB LINES.LARGE YARD ABUTTING WOODS. ALL APPLIANCES REMAIN.
Unit Size
999,999 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$0
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1952

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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 #30670471)

Price History

Date / Event Date Event Price
Dec 30, 2002 Sold
Premium
Sold
Nov 22, 2002 Listed by Carlson GMAC Real Estate $139,900
Listed by Carlson GMAC Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,500
  • Total Building Area: 1,151
  • Gross Building Area: 1,151
  • Building Area: 1,151
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,151
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000425
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 58800012
  • Parcel: SPRI S:05880 P:0012
  • Municipality: SPRINGFIELD
  • Latitude: 42.0909
  • Longitude: -72.4738

    Address

  • Full Address: 56 Gralia Dr
  • Address - House Number: 56
  • Address - Street Name: Gralia
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1310
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $356,200

    Appraisal Valuation

  • Standard Deviation: 0.1998
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 281,451
  • High Value: 337,712
  • Low Value: 225,191

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,900
  • Assessed Land Value: $61,100
  • Assessed Improvements Value: $147,800

    Sales

  • Current Sale Recording Date: Dec 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16142
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

1193 ft²

Average Home Age

54.6 years

Currently For Sale

19 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# 30670471

Frequently Asked Questions

When was property at 56 Gralia Drive built and last sold?
The property at 56 Gralia Drive was built in 1952 and last sold on Jan 1, 1970 for $130,000.
How much is this home worth?
The estimated value of the home located at 56 Gralia Drive is $11,863,902.
What are some comparable homes to 56 Gralia Drive?
There are currently no comparable homes to 56 Gralia Drive.
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