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Springfield 01119 Sixteen Acres
59 Melba St
$290,000
● House - Off Market

59 Melba St

Springfield, MA 01119
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,539 Ft²
$1,602
Est. Monthly

About This Property

OPPORTUNITY KNOCKS! This spacious brick home offers 5 Bedrooms, room for the whole family! Two Bedrooms on the 1st floor and 3 on the second. Formal living room with fireplace for gathering the family, as well as a family room with a fireplace,  for separation of activities. Convenient first floor laundry with new washer and dryer,  and an attached one car garage. Mostly new replacement windows. Situated on a fenced corner lot, near both Wilbraham Rd and the shops on Parker St.  Do some updating and finishing touches, putting your personal touch on it to make it your own! Seller will include a 1 yr. Home Warranty for peace of mind!
Unit Size
1,539 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$178
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1953

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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 #73167453)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Nov 11, 2023 In contract -
In contract
Oct 5, 2023 Listed by Keller Williams Realty $274,000
Listed by Keller Williams Realty
Sep 30, 2021 Sold
Premium
Sold
Jul 29, 2021 Listed by Keller Williams Realty $199,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 5
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,059
  • Total Building Area: 1,539
  • Gross Building Area: 1,539
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • 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: 85000039
  • Parcel: SPRI S:08500 P:0039
  • Municipality: SPRINGFIELD
  • Latitude: 42.1184
  • Longitude: -72.5017

    Address

  • Full Address: 59 Melba St
  • Address - House Number: 59
  • Address - Street Name: Melba
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 2629
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $306,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 276,936
  • High Value: 301,020
  • Low Value: 252,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,000
  • Assessed Land Value: $49,100
  • Assessed Improvements Value: $130,900

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59866
  • Previous Sale Recording Date: Sep 30, 2021
  • Previous Sale Contract Date: Sep 30, 2021
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: O
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:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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# 73167453

Frequently Asked Questions

When was property at 59 Melba Street built and last sold?
The property at 59 Melba Street was built in 1953 and last sold on Dec 15, 2023 for $290,000.
How much is this home worth?
The estimated value of the home located at 59 Melba Street is $272,718.
What are some comparable homes to 59 Melba Street?
There are currently no comparable homes to 59 Melba Street.
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