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Springfield 01119 Sixteen Acres
62 Melba St
$150,500
● House - Off Market

62 Melba St

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$156,409
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Come check out this Ranch style home featuring 6 rooms, 3 bedrooms, and 1 bathroom. Plenty of storage or space to finish the basement for extra living space. One car garage, deck and yard to enjoy outdoor activities. Buyer to verify all info and use.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$98
Property Type
House
Property Taxes
$244
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: 5 months ago (MLSPIN #72626891)

Price History

Date / Event Date Event Price
Jul 3, 2020 Sold
Premium
Sold
Apr 17, 2020 Sold
Premium
Sold
Mar 2, 2020 Listed by Gallagher Real Estate $110,000
Listed by Gallagher Real Estate
Mar 20, 2000 Sold
Premium
Sold
Nov 5, 1999 Listed $84,900
Listed
LOVELY WELL MAINTAINED BRICK FACE AND SLUMINUM SIDED 6 ROOM 3 BEDROOM RANCH IN 16 ACRES. EXTERIOR AWNING, NEWER HEATING SYSTEM, ROOF & REPLACEMENT WINDOWS. (AS PER OWNER) FENCED YARD WITH FOUNTAIN & GARDEN SETTING. SECURITY SYSTEM. CALL!!

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,128
  • Gross Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: 85000015
  • Parcel: SPRI S:08500 P:0015
  • Municipality: SPRINGFIELD
  • Latitude: 42.1185
  • Longitude: -72.5022

    Address

  • Full Address: 62 Melba St
  • Address - House Number: 62
  • Address - Street Name: Melba
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 2628
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $347,500

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 264,823
  • High Value: 322,174
  • Low Value: 207,473

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,800
  • Assessed Land Value: $49,200
  • Assessed Improvements Value: $154,600

    Sales

  • Current Sale Contract Date: Jul 02, 2020
  • Current Sale Recording Date: Jul 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35657
  • Previous Sale Recording Date: Apr 17, 2020
  • Previous Sale Contract Date: Apr 01, 2020
  • Previous Sale Amount: $150,500
  • Previous Sale Document Type: 71
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:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1333 ft²

Average Home Age

53.1 years

Currently For Sale

25 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: 5 months ago
Data Source: MLS PIN, MLS# 72626891

Frequently Asked Questions

When was property at 62 Melba Street built and last sold?
The property at 62 Melba Street was built in 1953 and last sold on Jul 2, 2020 for $120,000.
How much is this home worth?
The estimated value of the home located at 62 Melba Street is $124,168.
What are some comparable homes to 62 Melba Street?
There are currently no comparable homes to 62 Melba Street.
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