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Springfield 01119 Pine Point
868 Grayson Dr
$200,000
● House - Off Market

868 Grayson Dr

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
942 Ft²
$209,214
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Check out this affordable 3 bedroom ranch with newer central air & newer forced air furnace, hardwood flooring throughout the living area & bedrooms, eat-in kitchen, large unfinished basement and a big backyard, perfect for entertaining or relaxing in the sunshine.  Not only is the price on this one great, but it also has a 3500kWh solar system that will keep your electric costs to a minimum, oftentimes generating a surplus of power!  Convenient proximity to shopping, dining, Western New England University, etc.  Why rent when you can own this home for less?!  Schedule your appointment to see this house today!
Unit Size
942 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$202
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1958

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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: 5 years ago (MLSPIN #72905254)

Price History

Date / Event Date Event Price
Dec 1, 2021 Sold
Premium
Sold
Oct 6, 2021 Listed by The Council Real Estate Group $189,900
Listed by The Council Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 7,501
  • Total Building Area: 942
  • Gross Building Area: 942
  • Building Area: 942
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 801502

Zoning

  • Zoning: R1

Geography

  • Account Number: 59900098
  • Parcel: SPRI S:05990 P:0098
  • Municipality: SPRINGFIELD
  • Latitude: 42.1244
  • Longitude: -72.519

    Address

  • Full Address: 868 Grayson Dr
  • Address - House Number: 868
  • Address - Street Name: Grayson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1500
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $310,500

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 235,235
  • High Value: 286,177
  • Low Value: 184,292

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,100
  • Assessed Land Value: $34,500
  • Assessed Improvements Value: $147,600

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85184
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72905254

Frequently Asked Questions

When was property at 868 Grayson Drive built and last sold?
The property at 868 Grayson Drive was built in 1958 and last sold on Dec 1, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 868 Grayson Drive is $0.
What are some comparable homes to 868 Grayson Drive?
There are currently no comparable homes to 868 Grayson Drive.
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