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Springfield 01128 Sixteen Acres
89 Teakwood Rd
$205,000
● House - Off Market

89 Teakwood Rd

Springfield, MA 01128
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,508 Ft²
$298,008
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Location, Location, Location! This beauty is located in a very desirable area in sixteen acres! This split multi level home is a rare find. It offers 3+ bedrooms, LR , DR, an updated kitchen, a finish area with a family room and a xtra bedroom that can be an in-law apartment with a separate entrance, just use your imagination! But that is not all there is also a laundry area and your basement for your finishing touches.  A private backyard with a humongous deck is just breath taking! And with this heat waves central air to keep you comfortable. Call for your private appt before is too late!
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$131
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1984

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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 #72354867)

Price History

Date / Event Date Event Price
Sep 14, 2018 Sold
Premium
Sold
Jun 29, 2018 Listed by M B C REALTORS® $197,000
Listed by M B C REALTORS®
Jul 30, 2003 Sold
Premium
Sold
May 23, 2003 Listed by M B C REALTORS® $159,900
Listed by M B C REALTORS®

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 41
  • 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: 10,698
  • Total Building Area: 1,508
  • Gross Building Area: 1,508
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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: 114350108
  • Parcel: SPRI S:11435 P:0108
  • Municipality: SPRINGFIELD
  • Latitude: 42.0986
  • Longitude: -72.4838

    Address

  • Full Address: 89 Teakwood Rd
  • Address - House Number: 89
  • Address - Street Name: Teakwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1056
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $434,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1998
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 317,626
  • High Value: 381,117
  • Low Value: 254,134

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $254,800
  • Assessed Land Value: $57,500
  • Assessed Improvements Value: $197,300

    Sales

  • Current Sale Recording Date: Sep 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 55312
  • Previous Sale Recording Date: Jul 30, 2003
  • Previous Sale Amount: $161,900
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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: 4 months ago
Data Source: MLS PIN, MLS# 72354867

Frequently Asked Questions

When was property at 89 Teakwood Road built and last sold?
The property at 89 Teakwood Road was built in 1984 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 89 Teakwood Road is $206,626.
What are some comparable homes to 89 Teakwood Road?
There are currently no comparable homes to 89 Teakwood Road.
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