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Springfield 01119 Sixteen Acres
56 Vann St
$252,500
● House - Off Market

56 Vann St

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$234,359
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Cute Ranch on quite cul-de-sac in convenient location is waiting for your finishing touches.  This home with attached garage features three bedrooms, eat-in kitchen, living room with fireplace, central air and two additional finished rooms in the basement.  Home needs new carpets in living room and bedroom and new bathroom cabinet and sink.  Bring your contractor and with a little effort you home will be perfect. Being sold as-is with appliances.  Seller has never lived in home
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$223
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1990

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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 #73108182)

Price History

Date / Event Date Event Price
Jul 25, 2023 Sold
Premium
Sold
May 10, 2023 In contract -
In contract
May 5, 2023 Listed by Sears Real Estate, Inc. $235,000
Listed by Sears Real Estate, Inc.
Aug 19, 2004 Sold
Premium
Sold
Jun 28, 2004 Listed by Sears Real Estate, Inc. $174,900
Listed by Sears Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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: 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: 8,224
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • 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: 118210030
  • Parcel: SPRI S:11821 P:0030
  • Municipality: SPRINGFIELD
  • Latitude: 42.1266
  • Longitude: -72.4986

    Address

  • Full Address: 56 Vann St
  • Address - House Number: 56
  • Address - Street Name: Vann
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C039
  • 4-Digit Zip Code: 1000
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $423,400

    Appraisal Valuation

  • Standard Deviation: 0.2744
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 259,368
  • High Value: 330,551
  • Low Value: 188,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,300
  • Assessed Land Value: $49,100
  • Assessed Improvements Value: $199,200

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 34054
  • Previous Sale Recording Date: Aug 19, 2004
  • Previous Sale Amount: $172,000
  • 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:

$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# 73108182

Frequently Asked Questions

When was property at 56 Vann Street built and last sold?
The property at 56 Vann Street was built in 1990 and last sold on Jul 25, 2023 for $252,500.
How much is this home worth?
The estimated value of the home located at 56 Vann Street is $238,802.
What are some comparable homes to 56 Vann Street?
There are currently no comparable homes to 56 Vann Street.
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