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Springfield 01108 Forest Park
115 Sumner Ave
$472,500
● House - Off Market

115 Sumner Ave

Springfield, MA 01108
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,564 Ft²
$493,159
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Absolutely fabulous, one-of-a kind historic colonial home in the heart of the Forest Park Heights historic district.  This 11 room, 5 bedroom home has been completely restored and features stunning woodwork, hardwood floors throughout and two working fireplaces, 1st floor has gas insert and 2nd floor has is a wood burning fire place.  This Grand home was built in 1898 and is a stunning example of the best quality craftsmanship of its time.  This home has been successfully used as an "Airbnb" property and could also be perfect for working from home.  Come and be amazed at the charm and beauty of this historic gem.
Unit Size
4,564 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$108
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1898

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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 #73137188)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold
Premium
Sold
Aug 31, 2023 In contract -
In contract
Jul 17, 2023 Listed by Sears Real Estate, Inc. $495,000
Listed by Sears Real Estate, Inc.
May 15, 2012 Sold
Premium
Sold
Oct 7, 2011 Listed by Sears Real Estate, Inc. $235,000
Listed by Sears Real Estate, Inc.
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Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • 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: 15,002
  • Total Building Area: 4,564
  • Gross Building Area: 4,564
  • Building Area: 4,564
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 4,564
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD VILLAGE
  • Land Acres: 0000000344
  • 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: 802101

Zoning

  • Zoning: R1

Geography

  • Account Number: 112800478
  • Parcel: SPRI S:11280 P:0478
  • Municipality: SPRINGFIELD
  • Latitude: 42.0831
  • Longitude: -72.572

    Address

  • Full Address: 115 Sumner Ave
  • Address - House Number: 115
  • Address - Street Name: Sumner
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2317
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $687,800

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 467,983
  • High Value: 579,109
  • Low Value: 356,857

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $403,400
  • Assessed Land Value: $38,600
  • Assessed Improvements Value: $364,800

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 49001
  • Previous Sale Recording Date: May 15, 2012
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: O

    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 Forest Park

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$158

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2780 ft²

Average Home Age

93.2 years

Currently For Sale

58 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# 73137188

Frequently Asked Questions

When was property at 115 Sumner Avenue built and last sold?
The property at 115 Sumner Avenue was built in 1898 and last sold on Oct 16, 2023 for $472,500.
How much is this home worth?
The estimated value of the home located at 115 Sumner Avenue is $489,164.
What are some comparable homes to 115 Sumner Avenue?
There are currently no comparable homes to 115 Sumner Avenue.
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