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Springfield 01119 Sixteen Acres
56 Old Farm Rd
$154,500
● House - Off Market

56 Old Farm Rd

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$223,251
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

With an open floor plan, spacious living room with bay window, large enclosed sun room, and three good sized bedrooms with plush carpet, this home feels spacious, and ready for you to make it your own. Entertain in the large living area, or take the slider to rear deck. Enjoy a large outdoor yard area, fenced in the rear for kids or pets, all on a quiet street. Large pantry/mud room conveniently located between garage and beautiful enclosed sun room offers additional storage, so that you can keep all the clutter organized and out of sight. The roof, windows and siding are all newer, and the rear deck was added in 2011. The 1 car garage is over sized and has room for additional projects and storage. Come and check out what this home has to offer, you won't be disappointed!
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$113
Property Type
House
Property Taxes
$221
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: 6 months ago (MLSPIN #72195440)

Price History

Date / Event Date Event Price
Aug 31, 2017 Sold
Premium
Sold
Jul 10, 2017 Listed by NRG Real Estate Services, Inc. $140,000
Listed by NRG Real Estate Services, Inc.
Apr 17, 2013 Sold
Premium
Sold
Feb 12, 2013 Listed by NRG Real Estate Services, Inc. $125,900
Listed by NRG Real Estate Services, Inc.
Dec 8, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

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: 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: 5
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,042
  • Gross Building Area: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 92650007
  • Parcel: SPRI S:09265 P:0007
  • Municipality: SPRINGFIELD
  • Latitude: 42.1055
  • Longitude: -72.5184

    Address

  • Full Address: 56 Old Farm Rd
  • Address - House Number: 56
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2822
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $344,100

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 264,877
  • High Value: 322,239
  • Low Value: 207,515

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,800
  • Assessed Land Value: $50,400
  • Assessed Improvements Value: $151,400

    Sales

  • Current Sale Recording Date: Aug 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51352
  • Previous Sale Recording Date: Apr 17, 2013
  • Previous Sale Amount: $120,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1375 ft²

Average Home Age

50.2 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72195440

Frequently Asked Questions

When was property at 56 Old Farm Road built and last sold?
The property at 56 Old Farm Road was built in 1952 and last sold on Jan 1, 1970 for $154,500.
How much is this home worth?
The estimated value of the home located at 56 Old Farm Road is $150,541.
What are some comparable homes to 56 Old Farm Road?
There are currently no comparable homes to 56 Old Farm Road.
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