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Springfield 01119 Sixteen Acres
72 Overlea Drive
$163,000
● House - Off Market

72 Overlea Drive

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,082 Ft²
$287,016
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

Beautiful ranch that features Extra space in the enclosed breezeway, not heated, but great for Spring, Summer and Fall days features light colors and tile floor with slider to private back yard.  Gorgeous kitchen with stainless steel appliances, tile floor, granite counters, and dining area.  Comfortable Living room light and bright with wood floors.  Master Bedroom can accommodate king size furniture and has wood floor, double closet and ceiling fan.  Two other bedrooms feature wood floors.  Full basement and lovely fenced in yard with many plantings, patio and cable connection.  One car garage and double wide driveway just new in 2014 APO.
Unit Size
1,082 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$152
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1958

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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 #71952677)

Price History

Date / Event Date Event Price
Mar 21, 2016 Sold
Premium
Sold
Jan 27, 2016 Listed by Coldwell Banker Residential Brokerage - Longmeadow $164,900
Listed by Coldwell Banker Residential Brokerage - Longmeadow
Nov 16, 2009 Sold
Premium
Sold
Sep 23, 2009 Listed by Coldwell Banker Residential Brokerage - Longmeadow $138,000
Listed by Coldwell Banker Residential Brokerage - Longmeadow

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 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: 13,373
  • Total Building Area: 1,082
  • Gross Building Area: 1,082
  • Building Area: 1,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,082
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000307
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 94070013
  • Parcel: SPRI S:09407 P:0013
  • Municipality: SPRINGFIELD
  • Latitude: 42.1339
  • Longitude: -72.4964

    Address

  • Full Address: 72 Overlea Dr
  • Address - House Number: 72
  • Address - Street Name: Overlea
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C039
  • 4-Digit Zip Code: 2019
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $420,100

    Appraisal Valuation

  • Standard Deviation: 0.2467
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 276,647
  • High Value: 344,900
  • Low Value: 208,393

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,400
  • Assessed Land Value: $51,000
  • Assessed Improvements Value: $195,400

    Sales

  • Current Sale Recording Date: Mar 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15020
  • Previous Sale Recording Date: Nov 16, 2009
  • Previous Sale Amount: $138,000
  • 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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71952677

Frequently Asked Questions

When was property at 72 Overlea Drive built and last sold?
The property at 72 Overlea Drive was built in 1958 and last sold on Jan 1, 1970 for $163,000.
How much is this home worth?
The estimated value of the home located at 72 Overlea Drive is $171,980.
What are some comparable homes to 72 Overlea Drive?
There are currently no comparable homes to 72 Overlea Drive.
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