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Springfield 01118 Sixteen Acres
188 Wachusett St
$225,000
● House - Off Market

188 Wachusett St

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
837 Ft²
$239,274
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Adorable 2 bedroom fully fenced in Ranch in East forest park and just waiting for you. Located on a dead-end st with a perfect area for entertaining. Many updates throughout. The basement is partially finished with great potential for office/storage. Don't miss the opportunity and schedule a showing soon to start the new year in your new home.
Unit Size
837 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$274
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1961

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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: 5 months ago (MLSPIN #73065380)

Price History

Date / Event Date Event Price
Feb 21, 2023 Sold
Premium
Sold
Jan 24, 2023 In contract -
In contract
Dec 15, 2022 Listed by Executive Real Estate, Inc. $229,000
Listed by Executive Real Estate, Inc.
Jul 17, 2020 Sold
Premium
Sold
Jun 1, 2020 Listed by Executive Real Estate, Inc. $175,000
Listed by Executive Real Estate, Inc.
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 10,054
  • Total Building Area: 837
  • Gross Building Area: 837
  • Building Area: 837
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 837
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 801605

Zoning

  • Zoning: R1

Geography

  • Account Number: 119100037
  • Parcel: SPRI S:11910 P:0037
  • Municipality: SPRINGFIELD
  • Latitude: 42.0889
  • Longitude: -72.5152

    Address

  • Full Address: 188 Wachusett St
  • Address - House Number: 188
  • Address - Street Name: Wachusett
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2543
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2101
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 252,169
  • High Value: 305,156
  • Low Value: 199,182

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,800
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $156,800

    Sales

  • Current Sale Contract Date: Feb 02, 2023
  • Current Sale Recording Date: Feb 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8037
  • Previous Sale Recording Date: Jul 17, 2020
  • Previous Sale Contract Date: Jul 15, 2020
  • Previous Sale Amount: $193,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1371 ft²

Average Home Age

56.7 years

Currently For Sale

25 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: 5 months ago
Data Source: MLS PIN, MLS# 73065380

Frequently Asked Questions

When was property at 188 Wachusett Street built and last sold?
The property at 188 Wachusett Street was built in 1961 and last sold on Feb 2, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 188 Wachusett Street is $224,920.
What are some comparable homes to 188 Wachusett Street?
There are currently no comparable homes to 188 Wachusett Street.
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