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Springfield 01118 East Forest Park
1023 Allen St
$260,000
● House - Off Market

1023 Allen St

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,652 Ft²
$271,665
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Welcome to this move in ready cape in the East Forest Park area of Springfield.  This home features  three bedrooms, a bonus room, two full bathrooms, a finished basement, a two car garage, a fenced in backyard, and a patio!  Tankless(gas) boiler was changed in 2021, and a tankless hot water heater was installed in 2015, making utilities much more affordable! This is surely one you do not want to miss!  Open House this Saturday 1-3pm and Sunday 11-1pm.
Unit Size
1,652 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$157
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1951

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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 #73059196)

Price History

Date / Event Date Event Price
Feb 7, 2023 Sold
Premium
Sold
Dec 24, 2022 In contract -
In contract
Nov 17, 2022 Listed by Gallagher Real Estate $260,000
Listed by Gallagher Real Estate
Sep 4, 2015 Sold
Premium
Sold
Mar 15, 2015 Listed by Gallagher Real Estate $149,900
Listed by Gallagher Real Estate
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,784
  • Total Building Area: 1,652
  • Gross Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 2801092
  • Parcel: SPRI S:00280 P:1092
  • Municipality: SPRINGFIELD
  • Latitude: 42.0917
  • Longitude: -72.5269

    Address

  • Full Address: 1023 Allen St
  • Address - House Number: 1023
  • Address - Street Name: Allen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2557
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,300

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 273,031
  • High Value: 296,776
  • Low Value: 249,286

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,200
  • Assessed Land Value: $40,200
  • Assessed Improvements Value: $167,000

    Sales

  • Current Sale Contract Date: Feb 07, 2023
  • Current Sale Recording Date: Feb 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6128
  • Previous Sale Recording Date: Sep 04, 2015
  • Previous Sale Amount: $153,000
  • 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 East Forest Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1535 ft²

Average Home Age

77.4 years

Currently For Sale

25 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# 73059196

Frequently Asked Questions

When was property at 1023 Allen Street built and last sold?
The property at 1023 Allen Street was built in 1951 and last sold on Feb 7, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 1023 Allen Street is $264,526.
What are some comparable homes to 1023 Allen Street?
There are currently no comparable homes to 1023 Allen Street.
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