For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Springfield 01119 Pine Point
81 Arey St
Photo of 81 Arey St

12

Map

Photo of 81 Arey St
Photo of 81 Arey St
$234,500
↓ $500 (0.2%)
● House - For Sale

81 Arey St

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
869 Ft²
$1,433
Est. Monthly

About This Property

This is an approved short sale! The bank approving the short sale will allow FHA 203k Financing or any other Rehab program. Not much is needed to bring this back to a perfect starter home or for some one downsizing. STOP paying rent!
Unit Size
869 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$270
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1917

Listed By

Edward Loiko
Olde New England Realty

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 months ago (MLSPIN #73513439)

Price History

Date / Event Date Event Price
Aug 4, 2026 Price Decreased $234,500
↓ $500 (0.2%)
Price Decreased
Jul 5, 2026 Price Decreased $235,000
↓ $5K (2%)
Price Decreased
Jul 5, 2026 Relisted $239,900
Relisted
May 7, 2026 In contract -
In contract
May 6, 2026 Listed by Olde New England Realty $264,900
Listed by Olde New England Realty
Show More

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Home Office
Appliances: Electric Water Heater, Range, Microwave
Flooring Type: Vinyl, Laminate
Laundry Features: In Basement
Rooms: 5
Basement: Full
Exterior Details
Square Footage: 869
Architectural Style: Bungalow
Year Built Source: Public Records
Year Built: 1917
Building Area Total: 869
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lot Features: Gentle Sloping, Level
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Acres: 0.18
Lot Size Square Feet: 7967
Water Source: Public
Financial Details
Tax Assessed Value: $215,300
Tax Annual Amount: $3,376
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,967
  • Total Building Area: 869
  • Gross Building Area: 869
  • Building Area: 869
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 869
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000183
  • 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: 6050028
  • Parcel: SPRI S:00605 P:0028
  • Municipality: SPRINGFIELD
  • Latitude: 42.1408
  • Longitude: -72.521

    Address

  • Full Address: 81 Arey St
  • Address - House Number: 81
  • Address - Street Name: Arey
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $286,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 243,160
  • High Value: 264,307
  • Low Value: 222,013

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,100
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $133,400

    Sales

  • Current Sale Recording Date: Jun 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27882
  • Previous Sale Recording Date: Nov 17, 2005
  • Previous Sale Amount: $114,900
  • 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 Pine Point

Stats & Trends

Median Asking:

$298,500

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1397 ft²

Average Home Age

85.1 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: 2 months ago
Data Source: MLS PIN, MLS# 73513439

Frequently Asked Questions

When was property at 81 Arey Street built and last sold?
The property at 81 Arey Street was built in 1917 and last sold on Jan 1, 1970 for $100,000.
How much is this home worth?
The estimated value of the home located at 81 Arey Street is $224,626.
What are some comparable homes to 81 Arey Street?
There are currently no comparable homes to 81 Arey Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Springfield Homes for Sale
Springfield Houses for Sale
Springfield Condos for Sale
Springfield Co-Ops for Sale
Springfield Townhouses for Sale
Springfield Multifamily for Sale
Springfield Land for Sale
Springfield Commercial for Sale
Nearby Cities
Chicopee Homes for Sale
Westfield Homes for Sale
Agawam Town Homes for Sale
West Springfield Town Homes for Sale
Holyoke Homes for Sale
Longmeadow Homes for Sale
Wilbraham Homes for Sale
Thompsonville Homes for Sale
Nearby Property Records
Hampden County, MA Property Records
Hampshire County, MA Property Records
Tolland County, CT Property Records
Hartford County, CT Property Records
Franklin County, MA Property Records
Windham County, CT Property Records
Berkshire County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Forest Park Real Estate
Sixteen Acres Real Estate
East Forest Park Real Estate
Liberty Heights Real Estate
Pine Point Real Estate
East Springfield Real Estate
Indian Orchard Real Estate
Boston Road Real Estate
Nearby Counties
Chicopee Homes for Sale
Westfield Homes for Sale
Agawam Town Homes for Sale
West Springfield Town Homes for Sale
Holyoke Homes for Sale
Longmeadow Homes for Sale
Ludlow Homes for Sale
East Longmeadow Homes for Sale
Top Real Estate Agents
Top Agents in Pine Point
Top Agents in Springfield
Top Agents in Chicopee
Top Agents in Chicopee
Top Agents in Westfield
Top Agents in Westfield
Top Agents in Agawam Town
Top Agents in Agawam Town