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Springfield 01119 Boston Road
59 Merrill Rd
Photo of 59 Merrill Rd

1

Map

$95,000
● House - Off Market

59 Merrill Rd

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
860 Ft²
$648
Est. Monthly

About This Property

This beautiful ranch is such an opportunity for starting out or downsizing! Don't let the square footage fool you - this home feels very open + spacious w/ cathedral ceilings in LR and open to kitchen. Unique kitchen, open to ample dining area. All appliances remain. The clean, dry basement has unusually high ceilings + steel beams supporting the floor joists. You can add incredible living space down there - the stairway is open and finished! The water heater is only a year old (APO). Come see!
Unit Size
860 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$110
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
1969

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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: 3 months ago (MLSPIN #71261365)

Price History

Date / Event Date Event Price
Dec 18, 2014 Sold
Premium
Sold
Nov 6, 2014 Listed by RE/MAX Prestige $60,000
Listed by RE/MAX Prestige
Jul 14, 2011 Listed by RE/MAX Prestige $95,000
Listed by RE/MAX Prestige

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 5,201
  • Total Building Area: 860
  • Gross Building Area: 860
  • Building Area: 860
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 860
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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: 801503

Zoning

  • Zoning: R1

Geography

  • Account Number: 85650070
  • Parcel: SPRI S:08565 P:0070
  • Municipality: SPRINGFIELD
  • Latitude: 42.1387
  • Longitude: -72.5014

    Address

  • Full Address: 59 Merrill Rd
  • Address - House Number: 59
  • Address - Street Name: Merrill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1826
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,900

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 223,933
  • High Value: 264,229
  • Low Value: 183,637

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,400
  • Assessed Land Value: $38,500
  • Assessed Improvements Value: $133,900

    Sales

  • Current Sale Recording Date: Dec 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64179
  • Previous Sale Recording Date: Sep 03, 2014
  • 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 Boston Road

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1360 ft²

Average Home Age

72.2 years

Currently For Sale

6 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: 3 months ago
Data Source: MLS PIN, MLS# 71261365

Frequently Asked Questions

When was property at 59 Merrill Road built and last sold?
The property at 59 Merrill Road was built in 1969 and last sold on Jan 1, 1970 for $54,200.
How much is this home worth?
The estimated value of the home located at 59 Merrill Road is $70,134.
What are some comparable homes to 59 Merrill Road?
There are currently no comparable homes to 59 Merrill Road.
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