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Springfield 01104 East Springfield
75 Merida St
$121,500
● House - Off Market

75 Merida St

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,074 Ft²
$238,704
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Home, sweet home... Well maintained yard with beautiful perennials to enjoy each year!    Many extras to be found in this lovely Cape that is convenient to highway, shopping and schools.   Large family room with vaulted ceilings and sliders to back yard.    Oversized one car garage with room for storage or work area, CENTRAL AIR, sprinkler system, security system, newer roof, vinyl siding, replacement windows, economical gas heat, concrete foundation resurfaced.    Present owners use original living room as large master bedroom, (hardwood flooring under wall to wall carpet).  Kitchen, dining room, and family room and 2 bedrooms on 1st floor.   Finished bathroom in basement w/shower and possibility of finishing basement for additional living space.  All Appliances to remain.      This is a home worth viewing!
Unit Size
1,074 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$119
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
1948

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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 #71721758)

Price History

Date / Event Date Event Price
Nov 14, 2014 Sold
Premium
Sold
Jul 30, 2014 Listed by Keller Williams Realty $127,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,218
  • Gross Building Area: 1,218
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 800201

Zoning

  • Zoning: R1

Geography

  • Account Number: 85500043
  • Parcel: SPRI S:08550 P:0043
  • Municipality: SPRINGFIELD
  • Latitude: 42.1341
  • Longitude: -72.5659

    Address

  • Full Address: 75 Merida St
  • Address - House Number: 75
  • Address - Street Name: Merida
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 2928
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $376,800

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 275,633
  • High Value: 335,523
  • Low Value: 215,742

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,000
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $186,300

    Sales

  • Current Sale Recording Date: Nov 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57607
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 East Springfield

Stats & Trends

Median Asking:

$287,450

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1319 ft²

Average Home Age

81.7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71721758

Frequently Asked Questions

When was property at 75 Merida Street built and last sold?
The property at 75 Merida Street was built in 1948 and last sold on Jan 1, 1970 for $121,500.
How much is this home worth?
The estimated value of the home located at 75 Merida Street is $135,481.
What are some comparable homes to 75 Merida Street?
There are currently no comparable homes to 75 Merida Street.
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