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Springfield 01109 Bay
57 Oakwood Ter
$265,000
● House - Off Market

57 Oakwood Ter

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$1,558
Est. Monthly

About This Property

Move into this completely remodeled, 3 bedroom ranch. This home is located on a quiet dead-end St., with very little traffic. Kitchen includes all new cabinets, granite countertops, all new stainless steel appliances, refrigerator, ranch, and dishwasher. Living room includes all new carpeting and a closet with a large picture window overlooking the front yard of the house. Bathroom has been updated with new wraparound shower, new sink and lighting. Three bedrooms all have new wall-to-wall carpet good size closets. The home has siding that was recently painted, 30 year architectural shingles. Full basement with laundry connections and a bulkhead leading to the to the back of the house. This home is heated with gas, and has a 100 amp circuit breaker box. private fence in the yard over looking Blunt park wooded area.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$296
Property Type
House
Property Taxes
$232
HOA Dues
-
Year Built
1965

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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 #73269863)

Price History

Date / Event Date Event Price
Sep 17, 2024 Sold
Premium
Sold
Aug 19, 2024 In contract -
In contract
Jul 26, 2024 Listed by Teamwork Realty Group, LLC $269,900
Listed by Teamwork Realty Group, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 912
  • Gross Building Area: 912
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 801401

Zoning

  • Zoning: R1

Geography

  • Account Number: 92250043
  • Parcel: SPRI S:09225 P:0043
  • Municipality: SPRINGFIELD
  • Latitude: 42.1258
  • Longitude: -72.557

    Address

  • Full Address: 57 Oakwood Ter
  • Address - House Number: 57
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 2924
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $243,600

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 220,784
  • High Value: 260,513
  • Low Value: 181,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $142,900
  • Assessed Land Value: $27,300
  • Assessed Improvements Value: $115,600
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 Bay

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$169

Above Asking

98.43%

Average Days on Market

76

Average Home Size

2053 ft²

Average Home Age

84.2 years

Currently For Sale

13 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: 6 months ago
Data Source: MLS PIN, MLS# 73269863

Frequently Asked Questions

When was property at 57 Oakwood Terrace built and last sold?
The property at 57 Oakwood Terrace was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 57 Oakwood Terrace is $268,937.
What are some comparable homes to 57 Oakwood Terrace?
There are currently no comparable homes to 57 Oakwood Terrace.
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