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Springfield 01119 Sixteen Acres
65 Timber Lane
$115,000
● House - Off Market

65 Timber Lane

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,048 Ft²
$204,768
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Charming 3 bedroom sixteen acres ranch that was owned and loved from the beginning by one family. Now, this home is ready for a new owner to update it and make it sparkle again.  There are hardwood floors in all 3 bedrooms and in the living room.   The kitchen has ample cabinet space and a closet pantry for storage.  The kitchen also has a good sized dining area and a fan.  The bathroom  has a glass door, outside vent, and a linen closet.  There is a full basement with laundry hookups and a set tub.  Roof is approximately 8 years old (APO).  Gas furnace with baseboard heat.  This home also has a large yard to relax and enjoy. Being sold "as is".
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$114
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1958

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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 #71977267)

Price History

Date / Event Date Event Price
May 6, 2016 Sold
Premium
Sold
Mar 24, 2016 Listed by Sears Real Estate, Inc. $119,900
Listed by Sears Real Estate, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 9,143
  • Total Building Area: 1,048
  • Gross Building Area: 1,048
  • Building Area: 1,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 115650029
  • Parcel: SPRI S:11565 P:0029
  • Municipality: SPRINGFIELD
  • Latitude: 42.1109
  • Longitude: -72.5174

    Address

  • Full Address: 65 Timber Ln
  • Address - House Number: 65
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2827
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $302,100

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 247,822
  • High Value: 301,491
  • Low Value: 194,153

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,200
  • Assessed Land Value: $49,300
  • Assessed Improvements Value: $127,900

    Sales

  • Current Sale Recording Date: May 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25394
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

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71977267

Frequently Asked Questions

When was property at 65 Timber Lane built and last sold?
The property at 65 Timber Lane was built in 1958 and last sold on Jan 1, 1970 for $115,000.
How much is this home worth?
The estimated value of the home located at 65 Timber Lane is $129,407.
What are some comparable homes to 65 Timber Lane?
There are currently no comparable homes to 65 Timber Lane.
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