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Springfield 01109 Pine Point
57 Massreco St
$247,000
● House - Off Market

57 Massreco St

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,215 Ft²
$1,555
Est. Monthly

About This Property

Here I present to you a move in ready 3-bedroom 2 full baths cape style home. This charming home features all new electrical, hardwood and tile flooring throughout, an updated kitchen, a two-car garage, vinyl replacement windows, newer roof, A newer hot water tank, Utica boiler, partially finished basement that also includes a work bench. A spacious yard perfect for outdoor activities and family gatherings. Come and schedule your showing today!
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$218
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1925

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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: 5 months ago (MLSPIN #73193272)

Price History

Date / Event Date Event Price
Apr 1, 2024 Sold
Premium
Sold
Mar 9, 2024 In contract -
In contract
Feb 26, 2024 Price Decreased $264,900
↓ $5K (1.9%)
Price Decreased
Feb 7, 2024 Price Increased $269,900
↑ $5K (1.9%)
Price Increased
Jan 12, 2024 Listed by Gallagher Real Estate $264,900
Listed by Gallagher Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 5,001
  • Total Building Area: 1,215
  • Gross Building Area: 1,215
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASSRECO PARK
  • Land Acres: 0000000115
  • 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: 801502

Zoning

  • Zoning: B1

Geography

  • Account Number: 83700053
  • Parcel: SPRI S:08370 P:0053
  • Municipality: SPRINGFIELD
  • Latitude: 42.13
  • Longitude: -72.5301

    Address

  • Full Address: 57 Massreco St
  • Address - House Number: 57
  • Address - Street Name: Massreco
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1221
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $304,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0861
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 267,649
  • High Value: 290,704
  • Low Value: 244,594

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $178,700
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $149,200

    Sales

  • Current Sale Recording Date: Aug 30, 1995
  • Current Sale Price:
    Premium
  • Current 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:

$298,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1472 ft²

Average Home Age

87.2 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: 5 months ago
Data Source: MLS PIN, MLS# 73193272

Frequently Asked Questions

When was property at 57 Massreco Street built and last sold?
The property at 57 Massreco Street was built in 1925 and last sold on Jan 1, 1970 for $67,000.
How much is this home worth?
The estimated value of the home located at 57 Massreco Street is $267,127.
What are some comparable homes to 57 Massreco Street?
There are currently no comparable homes to 57 Massreco Street.
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