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Springfield 01128 Sixteen Acres
70 Driftwood Road
$295,000
● House - Off Market

70 Driftwood Road

Springfield, MA 01128
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$333,462
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Sixteen Acres:  What a great home!  Move in ready.  Neat as a pin and so spacious. The bedrooms upstairs are a dream, and the closets so nice and big. All four bedrooms have wall to wall new carpet APO 2020-2021.  Newer windows, Newer roof, new hot water tank APO 2020. Fenced yard , Koi pond, little patio that in the winter was turned into a little ice skating rink.  Ever blooming garden , each month different flowers come up. Freshly painted , new sinks in bathroom, light fixtures, flooring, carpets.  It has Electric heat, nothing a pellet stove won't fix or solar panels. For now you can just move in.  Each room has its own thermostat. Call for an appointment.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$165
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1984

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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 years ago (MLSPIN #72818640)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Berkshire Hathaway HomeServices Realty Professionals $285,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
Jan 16, 1990 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 10,650
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 41010044
  • Parcel: SPRI S:04101 P:0044
  • Municipality: SPRINGFIELD
  • Latitude: 42.0982
  • Longitude: -72.4848

    Address

  • Full Address: 70 Driftwood Rd
  • Address - House Number: 70
  • Address - Street Name: Driftwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1053
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $480,100

    Appraisal Valuation

  • Standard Deviation: 0.244
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 340,293
  • High Value: 423,326
  • Low Value: 257,259

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,600
  • Assessed Land Value: $57,500
  • Assessed Improvements Value: $224,100

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 43805
  • Previous Sale Recording Date: Jan 16, 1990
  • Previous Sale Amount: $112,800
  • 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:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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: 5 years ago
Data Source: MLS PIN, MLS# 72818640

Frequently Asked Questions

When was property at 70 Driftwood Road built and last sold?
The property at 70 Driftwood Road was built in 1984 and last sold on Jun 25, 2021 for $295,000.
How much is this home worth?
The estimated value of the home located at 70 Driftwood Road is $0.
What are some comparable homes to 70 Driftwood Road?
There are currently no comparable homes to 70 Driftwood Road.
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