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Springfield 01119 Sixteen Acres
70 Balboa Drive
$191,000
● House - Off Market

70 Balboa Drive

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
980 Ft²
$235,213
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

A great location in  a beautiful neighborhood! This ranch style house has hardwood floors throughout, a large living room with fireplace, central air, a partially finished basement with a nice cedar closet for added storage. Enclosed porch off the kitchen for morning coffee which leads to a deck where you can enjoy the quiet backyard. There is also a one car attached garage. If you are just starting out or downsizing.......bring your favorite paint colors and make this house your home!!
Unit Size
980 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$178
Property Type
House
Property Taxes
$301
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: 4 months ago (MLSPIN #72695394)

Price History

Date / Event Date Event Price
Sep 18, 2020 Sold
Premium
Sold
Jul 21, 2020 Listed by Teamwork Realty Group, LLC $174,000
Listed by Teamwork Realty Group, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • 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: 11,051
  • Total Building Area: 976
  • Gross Building Area: 976
  • Building Area: 976
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 976
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000254
  • 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: 8850016
  • Parcel: SPRI S:00885 P:0016
  • Municipality: SPRINGFIELD
  • Latitude: 42.1093
  • Longitude: -72.5076

    Address

  • Full Address: 70 Balboa Dr
  • Address - House Number: 70
  • Address - Street Name: Balboa
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 2904
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $341,200

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 256,005
  • High Value: 309,620
  • Low Value: 202,391

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,100
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $150,100

    Sales

  • Current Sale Contract Date: Sep 17, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 53014
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# 72695394

Frequently Asked Questions

When was property at 70 Balboa Drive built and last sold?
The property at 70 Balboa Drive was built in 1953 and last sold on Sep 17, 2020 for $191,000.
How much is this home worth?
The estimated value of the home located at 70 Balboa Drive is $180,020.
What are some comparable homes to 70 Balboa Drive?
There are currently no comparable homes to 70 Balboa Drive.
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