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Springfield 01119 Sixteen Acres
72 Old Farm Rd
$201,000
● House - Off Market

72 Old Farm Rd

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$240,561
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Come home to a centrally located, four-bed room ranch on a quiet street in Sixteen Acres. This updated and turnkey home offers a newer roof, siding and replacement windows that will give you peace of mind. The spacious living room flows into the kitchen that features brand new granite countertops creating a comfortable entertaining space. a seperate dining space is convienentlylocated steps away from the kitchen and the living room. A private and generously sized backyard fenced in backyard that is equipped with a powered shed (Man-cave/she shed) giving you the opportunity to make it your own! Showings begin at the open house happening on Sunday (8/23) from 1-3pm. Highest and best due on Monday 8/24 by 3 pm.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$145
Property Type
House
Property Taxes
$228
HOA Dues
-
Year Built
1952

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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: 6 months ago (MLSPIN #72711377)

Price History

Date / Event Date Event Price
Oct 7, 2020 Sold
Premium
Sold
Aug 18, 2020 Listed by The Covenant Group $179,900
Listed by The Covenant Group
Dec 14, 2007 Sold
Premium
Sold
Oct 19, 2007 Listed by The Covenant Group $84,900
Listed by The Covenant Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: 92650009
  • Parcel: SPRI S:09265 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.106
  • Longitude: -72.5185

    Address

  • Full Address: 72 Old Farm Rd
  • Address - House Number: 72
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C029
  • 4-Digit Zip Code: 2822
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $348,000

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 262,614
  • High Value: 317,700
  • Low Value: 207,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,100
  • Assessed Land Value: $50,400
  • Assessed Improvements Value: $153,700

    Sales

  • Current Sale Contract Date: Oct 01, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57893
  • Previous Sale Recording Date: Dec 14, 2007
  • Previous Sale Amount: $90,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1385 ft²

Average Home Age

51.4 years

Currently For Sale

28 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72711377

Frequently Asked Questions

When was property at 72 Old Farm Road built and last sold?
The property at 72 Old Farm Road was built in 1952 and last sold on Oct 1, 2020 for $201,000.
How much is this home worth?
The estimated value of the home located at 72 Old Farm Road is $187,263.
What are some comparable homes to 72 Old Farm Road?
There are currently no comparable homes to 72 Old Farm Road.
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