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Springfield 01118 East Forest Park
114 Gillette Ave
$278,500
● House - Off Market

114 Gillette Ave

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,512 Ft²
$284,223
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Well maintained 3 bedroom, 1.5 bath cape style home, located in East Forest Park section of Springfield. Enjoy the remodeled kitchen and formal dining room for those home meals and gatherings.  You will appreciate the parklike setting in the fenced in backyard with separate seating area. Drive by today. SELLER WILL GIVE $5k CLOSING COST CREDIT TO BUYER WITH ACCEPTABLE OFFER.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$182
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1950

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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 #72997357)

Price History

Date / Event Date Event Price
Aug 5, 2022 Sold
Premium
Sold
Jun 14, 2022 Listed by eXp Realty $274,900
Listed by eXp Realty
Jun 30, 2004 Sold
Premium
Sold
May 5, 2004 Listed by eXp Realty $163,900
Listed by eXp Realty
Jul 25, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 23
  • 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: 6,251
  • Total Building Area: 1,512
  • Gross Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 56600021
  • Parcel: SPRI S:05660 P:0021
  • Municipality: SPRINGFIELD
  • Latitude: 42.0944
  • Longitude: -72.5342

    Address

  • Full Address: 114 Gillette Ave
  • Address - House Number: 114
  • Address - Street Name: Gillette
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1520
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $400,500

    Appraisal Valuation

  • Standard Deviation: 0.2056
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 287,646
  • High Value: 346,790
  • Low Value: 228,502

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,900
  • Assessed Land Value: $39,700
  • Assessed Improvements Value: $195,200

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47561
  • Previous Sale Recording Date: Oct 04, 2004
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

1515 ft²

Average Home Age

77.6 years

Currently For Sale

26 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# 72997357

Frequently Asked Questions

When was property at 114 Gillette Avenue built and last sold?
The property at 114 Gillette Avenue was built in 1950 and last sold on Aug 5, 2022 for $278,500.
How much is this home worth?
The estimated value of the home located at 114 Gillette Avenue is $277,162.
What are some comparable homes to 114 Gillette Avenue?
There are currently no comparable homes to 114 Gillette Avenue.
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