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Springfield 01119 Sixteen Acres
56 Northway Dr
$164,000
● House - Off Market

56 Northway Dr

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$273,528
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

This cute ranch home is ideal for either that buyer who is downsizing or the first time buyer looking to purchase with possibilities to expand. Which is exactly what you can do with the immaculate basement that's got great flooring and looking for your personal touches. The kitchen is updated and opens to the living room so the cook can chat with their guests. The breakfast bar is a cozy spot for morning coffee. Hardwood floors shine throughout. The bathroom is updated and modern. You'll love the fenced in yard with plenty of space to play and entertain. Freshly painted exterior and newer roof.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$170
Property Type
House
Property Taxes
$203
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 #72087378)

Price History

Date / Event Date Event Price
Jan 26, 2017 Sold
Premium
Sold
Oct 28, 2016 Listed by Real Living Realty Professionals, LLC $162,900
Listed by Real Living Realty Professionals, LLC
May 6, 2011 Sold
Premium
Sold
Feb 14, 2011 Listed by Real Living Realty Professionals, LLC $124,900
Listed by Real Living Realty Professionals, LLC
Nov 15, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 10,812
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 91480013
  • Parcel: SPRI S:09148 P:0013
  • Municipality: SPRINGFIELD
  • Latitude: 42.1248
  • Longitude: -72.5141

    Address

  • Full Address: 56 Northway Dr
  • Address - House Number: 56
  • Address - Street Name: Northway
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C041
  • 4-Digit Zip Code: 2124
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $331,300

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 257,377
  • High Value: 313,115
  • Low Value: 201,639

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $194,300
  • Assessed Land Value: $49,900
  • Assessed Improvements Value: $144,400

    Sales

  • Current Sale Recording Date: Jan 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4816
  • Previous Sale Recording Date: May 06, 2011
  • Previous Sale Amount: $109,000
  • 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:

$320,000

Sale Price/ft²

$241

Below Asking

0.01%

Average Days on Market

50

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# 72087378

Frequently Asked Questions

When was property at 56 Northway Drive built and last sold?
The property at 56 Northway Drive was built in 1955 and last sold on Jan 1, 1970 for $164,000.
How much is this home worth?
The estimated value of the home located at 56 Northway Drive is $166,372.
What are some comparable homes to 56 Northway Drive?
There are currently no comparable homes to 56 Northway Drive.
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