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Springfield 01129 Sixteen Acres
61 Southern Rd
$312,000
● House - Off Market

61 Southern Rd

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,103 Ft²
$1,923
Est. Monthly

About This Property

This beautifully updated ranch located in the Sixteen Acres section of the City is a must see.  Location, location, location, this home is just minutes away from several shopping areas with convenient access to the highway as well.  All three bedrooms have wall to wall carpet and are very large.  The owners believe there may be hardwood floors under the carpet.  Newer stainless steel appliances and upgraded counters make the kitchen the perfect place to entertain.  The large sliding door in the dining area leads to a fenced in back yard.  This home offers a one car garage that is attached to the house by a breezeway, with the winters in New England this a nice added bonus.  The partially finished basement offers many opportunities, from storage to additional entertainment areas.
Unit Size
1,103 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$295
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1956

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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 #73226162)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
Apr 19, 2024 Listed by EXIT Real Estate Executives $324,900
Listed by EXIT Real Estate Executives
Jun 10, 2022 Sold
Premium
Sold
Mar 21, 2022 Listed by EXIT Real Estate Executives $259,900
Listed by EXIT Real Estate Executives
Dec 28, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,182
  • Total Building Area: 1,103
  • Gross Building Area: 1,103
  • Building Area: 1,103
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,103
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 110020018
  • Parcel: SPRI S:11002 P:0018
  • Municipality: SPRINGFIELD
  • Latitude: 42.1367
  • Longitude: -72.4877

    Address

  • Full Address: 61 Southern Rd
  • Address - House Number: 61
  • Address - Street Name: Southern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1333
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $392,700

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 277,076
  • High Value: 326,935
  • Low Value: 227,217

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,300
  • Assessed Land Value: $55,500
  • Assessed Improvements Value: $174,800

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35090
  • Previous Sale Recording Date: Dec 28, 2018
  • Previous Sale Contract Date: Dec 28, 2018
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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# 73226162

Frequently Asked Questions

When was property at 61 Southern Road built and last sold?
The property at 61 Southern Road was built in 1956 and last sold on Jun 10, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 61 Southern Road is $317,905.
What are some comparable homes to 61 Southern Road?
There are currently no comparable homes to 61 Southern Road.
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