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Springfield 01129 Sixteen Acres
85 Penncastle St
Photo of 85 Penncastle St
Sold on Aug 5, 2011

1

Map

$62,000
● House - Off Market

85 Penncastle St

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$141,848
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

Summer Promotion! $1200 Bonus to selling agent for owner occupied offers submitted 5/16/11-07/31/11 and closing by 9/30/11! 3.5% in closing cost paid by seller! 2 yr Home warranty included! REO owned ranch on great street. Huge fenced in yard, wrap around deck. .All offers must have proof of funds/Pre approval letter  . All Bank addendums must be returned within 48 hours with NO CHANGES and cashiers check. Must be a cash sale!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$61
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1973

Payment Calculator

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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: 2 months ago (MLSPIN #71241436)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Oct 4, 2021 Listed by Universal Real Estate Services, Inc. $275,000
Listed by Universal Real Estate Services, Inc.
Aug 5, 2011 Sold
Premium
Sold
Jun 1, 2011 Listed by Universal Real Estate Services, Inc. $64,000
Listed by Universal Real Estate Services, Inc.
Aug 17, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,702
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PENCASAL MANOR SEC 04
  • Land Acres: 0000000338
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 96320024
  • Parcel: SPRI S:09632 P:0024
  • Municipality: SPRINGFIELD
  • Latitude: 42.1083
  • Longitude: -72.4769

    Address

  • Full Address: 85 Penncastle St
  • Address - House Number: 85
  • Address - Street Name: Penncastle
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1951
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $375,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 289,234
  • High Value: 347,089
  • Low Value: 231,379

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,000
  • Assessed Land Value: $59,400
  • Assessed Improvements Value: $160,600

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90640
  • Previous Sale Recording Date: Aug 05, 2011
  • Previous Sale Amount: $61,000
  • 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

Rentals Near You

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Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71241436

Frequently Asked Questions

When was property at 85 Penncastle Street built and last sold?
The property at 85 Penncastle Street was built in 1973 and last sold on Dec 17, 2021 for $274,000.
How much is this home worth?
The estimated value of the home located at 85 Penncastle Street is $269,451.
What are some comparable homes to 85 Penncastle Street?
There are currently no comparable homes to 85 Penncastle Street.
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