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Springfield 01119 Sixteen Acres
1298 Parker St.
$325,000
● House - Off Market

1298 Parker St.

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,144 Ft²
$1,801
Est. Monthly

About This Property

Beautifully maintained, FHA ready, 3-bedroom 1-bathroom home located at 1298 Parker St. Springfield, MA. This home features an updated kitchen with granite countertops, updated vinyl windows, and a new pellet stove to help with heating bills. This charming property offers plenty of outdoor enjoyment with an above-ground pool and a relaxing hot tub in the spacious backyard. Inside, the finished basement provides additional living space, which could be converted into a 4th bedroom, offering flexibility for growing needs. The shed in the back adds versatility, functioning as either a storage area or a bar for entertaining. With its blend of indoor and outdoor features, this home is perfect for comfortable living and hosting gatherings. Come explore all the incredible features this home provides!
Unit Size
2,144 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$140
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1987

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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 #73306717)

Price History

Date / Event Date Event Price
Dec 27, 2024 Sold
Premium
Sold
Nov 10, 2024 In contract -
In contract
Oct 26, 2024 Listed by Gallagher Real Estate $299,900
Listed by Gallagher Real Estate
Sep 24, 2021 Sold
Premium
Sold
Jul 13, 2021 Listed by Gallagher Real Estate $259,000
Listed by Gallagher Real Estate
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 4
  • 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: 10,145
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • 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: 801601

Zoning

  • Zoning: R1

Geography

  • Account Number: 95100651
  • Parcel: SPRI S:09510 P:0651
  • Municipality: SPRINGFIELD
  • Latitude: 42.1132
  • Longitude: -72.4991

    Address

  • Full Address: 1298 Parker St
  • Address - House Number: 1298
  • Address - Street Name: Parker
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C030
  • 4-Digit Zip Code: 1081
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 291,329
  • High Value: 349,603
  • Low Value: 233,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,400
  • Assessed Land Value: $49,600
  • Assessed Improvements Value: $179,800

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 67551
  • Previous Sale Recording Date: Feb 24, 2006
  • Previous Sale Amount: $159,600
  • 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:

$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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73306717

Frequently Asked Questions

When was property at 1298 Parker Street built and last sold?
The property at 1298 Parker Street was built in 1987 and last sold on Sep 24, 2021 for $260,000.
How much is this home worth?
The estimated value of the home located at 1298 Parker Street is $323,139.
What are some comparable homes to 1298 Parker Street?
There are currently no comparable homes to 1298 Parker Street.
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