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Springfield 01119 Sixteen Acres
80 Martel Rd
$215,000
● House - Off Market

80 Martel Rd

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$396,737
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Don't let what seems to look like a small house from the outside fool you...this exquisite ranch is anything but small! Beautiful marble flooring throughout the foyer, kitchen and dining room. Kitchen is equipped with stainless steel appliances, granite countertops, newer cabinets and a breakfast bar. Attached dining area with sliding glass doors that lead out to the deck and stylish in-ground pool and spacious, fenced in backyard. Fireplace and hardwood floors in the living room. Three large bedrooms with wall-to-wall carpeting, with half bathroom and master bathroom on the first floor. In-law apartment built in the basement with fireplace, tiled floors, full kitchen, one bedroom and open floor plan. Nice neighborhood! This house is a steal!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$98
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72006989)

Price History

Date / Event Date Event Price
Sep 9, 2016 Sold
Premium
Sold
May 17, 2016 Listed by Real Living Realty Professionals, LLC $235,000
Listed by Real Living Realty Professionals, LLC
Apr 20, 2007 Sold
Premium
Sold
Mar 18, 2007 Listed by Real Living Realty Professionals, LLC $199,900
Listed by Real Living Realty Professionals, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 23
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 11,064
  • Total Building Area: 2,184
  • Gross Building Area: 2,184
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000254
  • 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: 83100024
  • Parcel: SPRI S:08310 P:0024
  • Municipality: SPRINGFIELD
  • Latitude: 42.1212
  • Longitude: -72.5079

    Address

  • Full Address: 80 Martel Rd
  • Address - House Number: 80
  • Address - Street Name: Martel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2436
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $554,000

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 373,279
  • High Value: 448,346
  • Low Value: 298,212

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,900
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $274,900

    Sales

  • Current Sale Recording Date: Sep 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53657
  • Previous Sale Recording Date: Apr 20, 2007
  • Previous Sale Amount: $199,900
  • 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:

$320,000

Sale Price/ft²

$241

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1193 ft²

Average Home Age

54.6 years

Currently For Sale

19 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: 4 months ago
Data Source: MLS PIN, MLS# 72006989

Frequently Asked Questions

When was property at 80 Martel Road built and last sold?
The property at 80 Martel Road was built in 1968 and last sold on Jan 1, 1970 for $215,000.
How much is this home worth?
The estimated value of the home located at 80 Martel Road is $253,708.
What are some comparable homes to 80 Martel Road?
There are currently no comparable homes to 80 Martel Road.
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