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Springfield 01128 Sixteen Acres
116 Forest Hills Rd.
$180,000
● House - Off Market

116 Forest Hills Rd.

Springfield, MA 01128
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$313,298
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

~~~Still showing for back up offers, waiting on mortgage commitment contingency. Wonderful remodeled house. Pond in backyard. Beautiful work done. New stainless steel Kenmore and Whirlpool appliances with ice-maker, granite counter-tops, refinished hardwood floors, new carpets and bathroom fixtures. New roof shingles, siding, door, walkway, and new electrical boxes both inside and outside.  Boiler recently checked and in good working order. Property surveyed. Good size yard with fencing on 2 sides and trees then it slopes off to privacy.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71943064)

Price History

Date / Event Date Event Price
Mar 22, 2016 Sold
Premium
Sold
Dec 22, 2015 Listed by Good Shepherd Realty $180,000
Listed by Good Shepherd Realty
Jul 1, 2015 Sold
Premium
Sold
Apr 22, 2015 Listed by Good Shepherd Realty $120,000
Listed by Good Shepherd Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,750
  • Total Building Area: 1,428
  • Gross Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • 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: 52700007
  • Parcel: SPRI S:05270 P:0007
  • Municipality: SPRINGFIELD
  • Latitude: 42.1001
  • Longitude: -72.4889

    Address

  • Full Address: 116 Forest Hills Rd
  • Address - House Number: 116
  • Address - Street Name: Forest Hills
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1208
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $389,900

    Appraisal Valuation

  • Standard Deviation: 0.1998
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 305,266
  • High Value: 366,286
  • Low Value: 244,245

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,700
  • Assessed Land Value: $58,500
  • Assessed Improvements Value: $170,200

    Sales

  • Current Sale Recording Date: Mar 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15350
  • Previous Sale Recording Date: Jul 01, 2015
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: 35
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:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71943064

Frequently Asked Questions

When was property at 116 Forest Hills Road built and last sold?
The property at 116 Forest Hills Road was built in 1969 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 116 Forest Hills Road is $189,187.
What are some comparable homes to 116 Forest Hills Road?
There are currently no comparable homes to 116 Forest Hills Road.
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