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Springfield 01129 Sixteen Acres
70 Labelle Dr
$340,000
● House - Off Market

70 Labelle Dr

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,040 Ft²
$355,664
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Welcome Home!! This is the home you've been waiting for in the sought after 16 acres neighborhood that is super close to Wilbraham. This is a quiet street, with the home tucked back abutting wooded land. There are 3 bedrooms, 1.5 bathrooms and a finished basement for more space. This home has been lovingly cared for and updated throughout the years. The yard is a gorgeous level lot, plenty big enough for those family and friends bbq's. If youre looking for a home that you can just move right in and kick your feet up, this is the one for you!
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$167
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1979

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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 #72989044)

Price History

Date / Event Date Event Price
Oct 5, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by BKaye Realty $339,900
Listed by BKaye Realty
May 20, 2015 Sold
Premium
Sold
Jul 31, 2014 Listed by BKaye Realty $224,900
Listed by BKaye Realty
Sep 15, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 10,838
  • Total Building Area: 1,770
  • Gross Building Area: 1,770
  • Building Area: 1,770
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,770
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • 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: 74150010
  • Parcel: SPRI S:07415 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.1106
  • Longitude: -72.4778

    Address

  • Full Address: 70 Labelle Dr
  • Address - House Number: 70
  • Address - Street Name: Labelle
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1917
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $552,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2489
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 351,693
  • High Value: 439,248
  • Low Value: 264,138

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,800
  • Assessed Land Value: $57,600
  • Assessed Improvements Value: $266,200

    Sales

  • Current Sale Contract Date: Oct 05, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59927
  • Previous Sale Recording Date: May 20, 2015
  • Previous Sale Amount: $226,000
  • Previous Sale Document Type: O
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:

$325,000

Sale Price/ft²

$240

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72989044

Frequently Asked Questions

When was property at 70 Labelle Drive built and last sold?
The property at 70 Labelle Drive was built in 1979 and last sold on Oct 5, 2022 for $340,000.
How much is this home worth?
The estimated value of the home located at 70 Labelle Drive is $353,811.
What are some comparable homes to 70 Labelle Drive?
There are currently no comparable homes to 70 Labelle Drive.
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