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Springfield 01118 East Forest Park
162 Chalmers St
$276,000
● House - Off Market

162 Chalmers St

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,320 Ft²
$316,144
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

East Forest Park is the host for this Colonial style home.  Some of this home's  features are remodeled kitchen w/ newer appliances, front to back living room with fireplace, dining room, wood flooring, newer replacement windows, enclosed breezeway, one car garage, partially fenced yard with sprinkler system. Showings begin   Monday, 6/20/22. Two hours notice required, scheduled showings begin at 10am.
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$226
Property Type
House
Property Taxes
$381
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 #73000300)

Price History

Date / Event Date Event Price
Dec 30, 2022 Sold
Premium
Sold
Nov 9, 2022 In contract -
In contract
Jun 19, 2022 Listed by Christine Santaniello Realty $298,000
Listed by Christine Santaniello Realty
Jul 2, 2014 Sold
Premium
Sold
May 5, 2014 Listed by Christine Santaniello Realty $194,900
Listed by Christine Santaniello Realty
Show More

Property Highlights

Garage
Parking Available
Fireplace

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: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 25900028
  • Parcel: SPRI S:02590 P:0028
  • Municipality: SPRINGFIELD
  • Latitude: 42.0963
  • Longitude: -72.5301

    Address

  • Full Address: 162 Chalmers St
  • Address - House Number: 162
  • Address - Street Name: Chalmers
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1615
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,300

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 294,287
  • High Value: 371,345
  • Low Value: 217,228

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $217,200
  • Assessed Land Value: $40,300
  • Assessed Improvements Value: $176,900

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Dec 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 76249
  • Previous Sale Recording Date: Jul 02, 2014
  • Previous Sale Amount: $185,000
  • 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

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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73000300

Frequently Asked Questions

When was property at 162 Chalmers Street built and last sold?
The property at 162 Chalmers Street was built in 1950 and last sold on Dec 30, 2022 for $276,000.
How much is this home worth?
The estimated value of the home located at 162 Chalmers Street is $295,137.
What are some comparable homes to 162 Chalmers Street?
There are currently no comparable homes to 162 Chalmers Street.
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