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Springfield 01109 Pine Point
56 Silas St
$78,000
● House - Off Market

56 Silas St

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,264 Ft²
$242,323
RealtyHop Estimate
210.67%
Since Jan 1, 2000
National-US
Primary Model

About This Property

UPDATED BRICK RANCH WITH MANY EXTRAS, AVAILABLE RIGHT AWAY! LOTS OF VALUE IN THE RESHINGLED ROOF, VINYL SIDING & MANY REPLACEMENT WINDOWS ("96 APO). LOVELY FIREPLACE, SUPER GAME ROOM W/BAR IN BASEMENT. BOILER 1998 AND GARAGE. WARRANTY.
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$62
Property Type
House
Property Taxes
$135
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 years ago (MLSPIN #30310538)

Price History

Date / Event Date Event Price
Dec 13, 1999 Sold
Premium
Sold
Apr 15, 1999 Listed $78,000
Listed
Jan 30, 1998 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 5,602
  • Total Building Area: 1,064
  • Gross Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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: 801402

Zoning

  • Zoning: R1

Geography

  • Account Number: 108650011
  • Parcel: SPRI S:10865 P:0011
  • Municipality: SPRINGFIELD
  • Latitude: 42.1261
  • Longitude: -72.5409

    Address

  • Full Address: 56 Silas St
  • Address - House Number: 56
  • Address - Street Name: Silas
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2337
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $333,700

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 260,557
  • High Value: 318,084
  • Low Value: 203,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,700
  • Assessed Land Value: $30,100
  • Assessed Improvements Value: $165,600

    Sales

  • Current Sale Recording Date: Dec 13, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 30, 1998
  • Previous Sale Amount: $12,506
  • 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 Pine Point

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1483 ft²

Average Home Age

84.1 years

Currently For Sale

31 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 years ago
Data Source: MLS PIN, MLS# 30310538

Frequently Asked Questions

When was property at 56 Silas Street built and last sold?
The property at 56 Silas Street was built in 1952 and last sold on Jan 1, 1970 for $78,000.
How much is this home worth?
The estimated value of the home located at 56 Silas Street is $88,478.
What are some comparable homes to 56 Silas Street?
There are currently no comparable homes to 56 Silas Street.
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