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Springfield 01119 Pine Point
748 Grayson Dr
$259,000
● House - Off Market

748 Grayson Dr

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,082 Ft²
$258,861
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Opportunity knocks.  Second chance to own this 6 room ranch.  Buyer's financing fell through.  Interior and Exterior have been recently painted.  The  newer roof with Ice and Water shield is approximately 1 year old.   The Furnace is approximately 3 years sold.   Most rooms have wood floors.  The living room has a decorative fireplace. Three finished rooms in  the Basement  provide additional living area. Private fenced rear yard to enjoy, can be accessed from dining room. Dining room could be used as a  family room or office. All information is as per owner. Make this home yours today.SELLER REQUESTS THAT OFFERS BE SUBMITTED NO LATER THAN  MARCH 27,  23  AT  4;00 PM
Unit Size
1,082 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$237
Property Type
House
Property Taxes
$265
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 #73046020)

Price History

Date / Event Date Event Price
May 2, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 20, 2023 Relisted $256,870
Relisted
Feb 5, 2023 In contract -
In contract
Nov 23, 2022 Price Decreased $256,870
↓ $9K (3.4%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,082
  • Gross Building Area: 1,082
  • Building Area: 1,082
  • Building Area Measurement: L

    Heating and Cooling

  • 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: 0000000172
  • 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: 801502

Zoning

  • Zoning: R1

Geography

  • Account Number: 59900066
  • Parcel: SPRI S:05990 P:0066
  • Municipality: SPRINGFIELD
  • Latitude: 42.1275
  • Longitude: -72.5176

    Address

  • Full Address: 748 Grayson Dr
  • Address - House Number: 748
  • Address - Street Name: Grayson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1505
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $368,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 269,688
  • High Value: 326,795
  • Low Value: 212,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,100
  • Assessed Land Value: $34,500
  • Assessed Improvements Value: $181,600

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19759
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:

$298,500

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1393 ft²

Average Home Age

86.3 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

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# 73046020

Frequently Asked Questions

When was property at 748 Grayson Drive built and last sold?
The property at 748 Grayson Drive was built in 1958 and last sold on May 1, 2023 for $259,000.
How much is this home worth?
The estimated value of the home located at 748 Grayson Drive is $259,008.
What are some comparable homes to 748 Grayson Drive?
There are currently no comparable homes to 748 Grayson Drive.
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