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Palmer Town 01080
57 Springfield St
$185,000
● House - Off Market

57 Springfield St

Palmer, MA 01080
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,259 Ft²
$1,335
Est. Monthly

About This Property

Buyer's Financing Fell Through... here's your opportunity to work on this charming and conveniently located Palmer Colonial. Spacious kitchen with stainless steel appliances and walk-in pantry. Laundry room off of kitchen with washer and dryer (included). The large full bath includes a claw foot tub and a separate shower stall.  The master bedroom boasts cathedral ceilings. Bonus room/office space located off the dining room. A large unfinished workshop with storage at the rear of the home needs your finishing touches. Newer vinyl siding and exterior doors. All windows were replaced 5 years ago. Updated electrical (2017/2018). Close proximity to Rtes 90 and 290.  Highway access in a matter of minutes! Only 20 minutes to Springfield. Level lot with storage shed. Schedule your showing today!
Unit Size
1,259 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$175
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1885

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73171265)

Price History

Date / Event Date Event Price
Apr 16, 2024 Sold
Premium
Sold
Mar 12, 2024 In contract -
In contract
Jan 11, 2024 Relisted $219,900
Relisted
Dec 31, 2023 In contract -
In contract
Nov 27, 2023 Price Increased $219,900
↑ $150K (214.6%)
Price Increased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,259
  • Gross Building Area: 2,222
  • Building Area: 1,259
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,259
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810300

Geography

  • Parcel: PALM M:70 B:173
  • Block: 173
  • Municipality: PALMER
  • Latitude: 42.1779
  • Longitude: -72.3688

    Address

  • Full Address: 57 Springfield St
  • Address - House Number: 57
  • Address - Street Name: Springfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Three Rivers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1227
  • Zip Code: 01080

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $305,700

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 232,038
  • High Value: 252,218
  • Low Value: 211,858

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,000
  • Assessed Land Value: $53,000
  • Assessed Improvements Value: $102,000

    Sales

  • Current Sale Recording Date: May 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210764
  • Previous Sale Recording Date: Mar 21, 2017
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 34
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 Palmer Town

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2287 ft²

Average Home Age

71.7 years

Currently For Sale

29 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: 4 months ago
Data Source: MLS PIN, MLS# 73171265

Frequently Asked Questions

When was property at 57 Springfield Street built and last sold?
The property at 57 Springfield Street was built in 1885 and last sold on Jan 1, 1970 for $69,900.
How much is this home worth?
The estimated value of the home located at 57 Springfield Street is $213,298.
What are some comparable homes to 57 Springfield Street?
There are currently no comparable homes to 57 Springfield Street.
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