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Springfield 01129 Sixteen Acres
68 Pine Acre Rd
$195,000
● House - Off Market

68 Pine Acre Rd

Springfield, MA 01129
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,112 Ft²
$330,117
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

This impeccably maintained two bedroom ranch is a must see! New siding, new roof, central ac unit less than a year old! Beautiful chandelier accents the dining room. Enjoy these cool fall and winter nights cozied up in front of the fireplace. Plenty of natural sunlight beams throughout the home. Relax in the soaking tub in the downstairs bathroom. Finished basement can also be used as a third bedroom. Home is equipped with cable hookup...even the gazebo has cable! White vinyl fence encloses the spacious backyard, which also has an inground sprinkler system. Call today for your showing! This home will not last!
Unit Size
1,112 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$190
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1949

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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 #72246855)

Price History

Date / Event Date Event Price
Feb 28, 2018 Sold
Premium
Sold
Oct 24, 2017 Listed by Real Living Realty Professionals, LLC $211,000
Listed by Real Living Realty Professionals, LLC
May 22, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 160
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,009
  • Total Building Area: 1,112
  • Gross Building Area: 1,112
  • Building Area: 1,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 97200016
  • Parcel: SPRI S:09720 P:0016
  • Municipality: SPRINGFIELD
  • Latitude: 42.1178
  • Longitude: -72.4815

    Address

  • Full Address: 68 Pine Acre Rd
  • Address - House Number: 68
  • Address - Street Name: Pine Acre
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1717
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $440,600

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 298,713
  • High Value: 358,463
  • Low Value: 238,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,400
  • Assessed Land Value: $55,900
  • Assessed Improvements Value: $202,500

    Sales

  • Current Sale Recording Date: Feb 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10812
  • Previous Sale Recording Date: May 22, 1998
  • Previous Sale Amount: $95,500
  • 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 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72246855

Frequently Asked Questions

When was property at 68 Pine Acre Road built and last sold?
The property at 68 Pine Acre Road was built in 1949 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 68 Pine Acre Road is $214,708.
What are some comparable homes to 68 Pine Acre Road?
There are currently no comparable homes to 68 Pine Acre Road.
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