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Springfield 01119 Pine Point
86 Gresham St
$217,000
● House - Off Market

86 Gresham St

Springfield, MA 01119
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$1,344
Est. Monthly

About This Property

Great opportunity to purchase a 2 bedroom, 1-bath home that pairs cozy living with outdoor enjoyment.  The interior features a spacious open floor plan which opens to the kitchen.  If you're a fan of the outdoors, you'll adore the fenced-in yard complete. Additional finish space in the basement.  This Springfield home combines comfort, convenience, and spacious. Make it yours and savor the seasons year-round.
Unit Size
936 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$235
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1991

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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 #73191873)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 8, 2024 Listed by Home Equity Assets Realty, LLC $220,000
Listed by Home Equity Assets Realty, LLC
Oct 1, 2022 No longer available -
No longer available
Jul 14, 2022 Listed by Cameron Real Estate Group $215,000
Listed by Cameron Real Estate Group
Bright and sunny well maintained Ranch. Large spacious bedrooms. Well maintained in a great location. Bonus space in finished basement. Perfect yard.
Jan 2, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 5,001
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 936
  • 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: 801501

Zoning

  • Zoning: R1

Geography

  • Account Number: 60700017
  • Parcel: SPRI S:06070 P:0017
  • Municipality: SPRINGFIELD
  • Latitude: 42.1301
  • Longitude: -72.5251

    Address

  • Full Address: 86 Gresham St
  • Address - House Number: 86
  • Address - Street Name: Gresham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1421
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $315,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 222,050
  • High Value: 241,446
  • Low Value: 202,653

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,000
  • Assessed Land Value: $29,500
  • Assessed Improvements Value: $155,500

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8837
  • Previous Sale Recording Date: Jan 02, 2007
  • Previous Sale Amount: $130,000
  • 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 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# 73191873

Frequently Asked Questions

When was property at 86 Gresham Street built and last sold?
The property at 86 Gresham Street was built in 1991 and last sold on Feb 29, 2024 for $215,000.
How much is this home worth?
The estimated value of the home located at 86 Gresham Street is $217,111.
What are some comparable homes to 86 Gresham Street?
There are currently no comparable homes to 86 Gresham Street.
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