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Springfield 01109 Bay
705 Bay St
$234,000
● House - Off Market

705 Bay St

Springfield, MA 01109
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,464 Ft²
$216,298
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This charming, newly renovated colonial home is located in the Bay neighborhood of Springfield, MA. The home features a spacious living room with gleaming hardwood floors, a formal dining room, and a spacious kitchen with new stainless steel appliances. The bedrooms are located on the second floor, all with and hardwood floors. The bathroom is also located on the second floor and has been recently updated. Additional features include a large backyard, perfect for entertaining, and off-street parking. This home is in move-in condition, has gas for heating and is conveniently located to all major highways, shopping and public transportation. Don't miss out on the opportunity to make this house your new home!
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$143
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1906

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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 #73071844)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Jan 24, 2023 In contract -
In contract
Jan 18, 2023 Listed by Lock and Key Realty Inc. $209,900
Listed by Lock and Key Realty Inc.
Sep 1, 2022 Sold
Premium
Sold
Aug 22, 2018 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,167
  • Total Building Area: 1,464
  • Gross Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • 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: 801401

Zoning

  • Zoning: R1

Geography

  • Account Number: 10850336
  • Parcel: SPRI S:01085 P:0336
  • Municipality: SPRINGFIELD
  • Latitude: 42.1266
  • Longitude: -72.5582

    Address

  • Full Address: 705 Bay St
  • Address - House Number: 705
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 2930
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $189,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 251,649
  • High Value: 321,138
  • Low Value: 182,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,200
  • Assessed Land Value: $29,300
  • Assessed Improvements Value: $81,900

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13326
  • Previous Sale Recording Date: Sep 01, 2022
  • Previous Sale Contract Date: Sep 01, 2022
  • Previous Sale Amount: $730,000
  • 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 Bay

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$158

Above Asking

95.51%

Average Days on Market

74

Average Home Size

2100 ft²

Average Home Age

79.6 years

Currently For Sale

11 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73071844

Frequently Asked Questions

When was property at 705 Bay Street built and last sold?
The property at 705 Bay Street was built in 1906 and last sold on Mar 24, 2023 for $234,000.
How much is this home worth?
The estimated value of the home located at 705 Bay Street is $220,578.
What are some comparable homes to 705 Bay Street?
There are currently no comparable homes to 705 Bay Street.
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