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Springfield 01119 Pine Point
89 Gatewood Rd
$280,000
● House - Off Market

89 Gatewood Rd

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
942 Ft²
$1,515
Est. Monthly

About This Property

Ranch in move in ready condition! NEW ROOF and SIDING, central air for those hot summer days. TWO fireplaces.  Beautifully renovated inside, including eat in kitchen with brand new  stainless steel appliances throughout.  Fenced in yard, with a nice size shed. Paved driveway.  Finished basement awaiting your final touches. Located on a dead end street.Highest and best offer, Deadline Tuesday November 21st. 8pm. Seller reserves the right to accept any offer at any given time.
Unit Size
942 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$276
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1955

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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 #73179771)

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold
Premium
Sold
Nov 23, 2023 In contract -
In contract
Nov 12, 2023 Listed by Gallagher Real Estate $259,999
Listed by Gallagher Real Estate
Jul 25, 2023 Sold
Premium
Sold
Feb 3, 2023 Delisted -
Delisted
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 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: 7,532
  • Total Building Area: 942
  • Gross Building Area: 942
  • Building Area: 942
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: 55730045
  • Parcel: SPRI S:05573 P:0045
  • Municipality: SPRINGFIELD
  • Latitude: 42.1209
  • Longitude: -72.5229

    Address

  • Full Address: 89 Gatewood Rd
  • Address - House Number: 89
  • Address - Street Name: Gatewood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 2317
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $285,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 267,074
  • High Value: 290,302
  • Low Value: 243,847

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,500
  • Assessed Land Value: $30,900
  • Assessed Improvements Value: $136,600

    Sales

  • Current Sale Contract Date: Jan 08, 2024
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 963
  • Previous Sale Recording Date: Jul 25, 2023
  • Previous Sale Contract Date: Jul 24, 2023
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: O
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:

$299,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1407 ft²

Average Home Age

86.1 years

Currently For Sale

29 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73179771

Frequently Asked Questions

When was property at 89 Gatewood Road built and last sold?
The property at 89 Gatewood Road was built in 1955 and last sold on Jan 8, 2024 for $280,000.
How much is this home worth?
The estimated value of the home located at 89 Gatewood Road is $253,341.
What are some comparable homes to 89 Gatewood Road?
There are currently no comparable homes to 89 Gatewood Road.
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