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Springfield 01109 Pine Point
71 Marsden St
$121,351
● House - Off Market

71 Marsden St

Springfield, MA 01109
bedrooms
2 Beds
bathrooms
1 Bath
square feet
914 Ft²
$172,407
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

WOW!! Seller will give $5,000 CASH to use for updates/repairs of your choosing!!  This adorable home offers a charming enclosed front porch, perfect for welcoming guests into your new home. Walk in and find an open floor plan featuring a living room with gleaming hardwood floors and cozy fireplace. The large kitchen includes plenty of counter and cabinet space along with a walk-in pantry for all of your storage needs!  Additional perks include two ample sized bedrooms and an updated bath.  Looking to downsize or for your first starter home? This is exactly what you are looking for! Schedule a showing or visit the Open House on Aug 4 from 11-12:30
Unit Size
914 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$129
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1922

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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 #72542409)

Price History

Date / Event Date Event Price
Oct 4, 2019 Sold
Premium
Sold
Jul 30, 2019 Listed by Gallagher Real Estate $117,711
Listed by Gallagher Real Estate
Oct 23, 2003 Sold
Premium
Sold
Jun 16, 2003 Listed by Gallagher Real Estate $82,500
Listed by Gallagher Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 914
  • Gross Building Area: 914
  • Building Area: 914
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 914
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 83000081
  • Parcel: SPRI S:08300 P:0081
  • Municipality: SPRINGFIELD
  • Latitude: 42.1281
  • Longitude: -72.5376

    Address

  • Full Address: 71 Marsden St
  • Address - House Number: 71
  • Address - Street Name: Marsden
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 1616
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $282,200

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 221,545
  • High Value: 270,345
  • Low Value: 172,745

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $165,500
  • Assessed Land Value: $29,000
  • Assessed Improvements Value: $136,500

    Sales

  • Current Sale Contract Date: Oct 02, 2019
  • Current Sale Recording Date: Oct 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 57899
  • Previous Sale Recording Date: Oct 23, 2003
  • Previous Sale Amount: $82,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$298,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1435 ft²

Average Home Age

86 years

Currently For Sale

27 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# 72542409

Frequently Asked Questions

When was property at 71 Marsden Street built and last sold?
The property at 71 Marsden Street was built in 1922 and last sold on Oct 2, 2019 for $121,351.
How much is this home worth?
The estimated value of the home located at 71 Marsden Street is $122,798.
What are some comparable homes to 71 Marsden Street?
There are currently no comparable homes to 71 Marsden Street.
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