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Springfield 01106 Forest Park
198 Park Drive
$285,000
● House - Off Market

198 Park Drive

Springfield, MA 01106
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,151 Ft²
$448,407
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

Loaded with charm and character through out. Featuring fabulous custom natural woodwork, moldings, built-ins and much more. This home will require repairs and updating. Appliances will remain for the buyer's enjoyment . Home is  being sold "AS IS".
Unit Size
3,151 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$76
Property Type
House
Property Taxes
$673
HOA Dues
-
Year Built
1937

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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 #71631040)

Price History

Date / Event Date Event Price
Jul 18, 2014 Sold
Premium
Sold
May 14, 2014 Sold
Premium
Sold
Feb 7, 2014 Listed by Ayre Real Estate Co, Inc. $239,900
Listed by Ayre Real Estate Co, Inc.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,649
  • Total Building Area: 3,063
  • Gross Building Area: 3,063
  • Building Area: 3,063
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,063
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000382
  • 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: 94900040
  • Parcel: SPRI S:09490 P:0040
  • Municipality: SPRINGFIELD
  • Latitude: 42.0692
  • Longitude: -72.5698

    Address

  • Full Address: 198 Park Dr
  • Address - House Number: 198
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C023
  • 4-Digit Zip Code: 1261
  • Zip Code: 01106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $986,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 590,576
  • High Value: 701,117
  • Low Value: 480,036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $578,800
  • Assessed Land Value: $126,900
  • Assessed Improvements Value: $451,900

    Sales

  • Current Sale Recording Date: Jul 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34168
  • Previous Sale Recording Date: May 14, 2014
  • Previous Sale Amount: $142,500
  • Previous Sale Document Type: 71
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

$160

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2964 ft²

Average Home Age

95.5 years

Currently For Sale

56 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# 71631040

Frequently Asked Questions

When was property at 198 Park Drive built and last sold?
The property at 198 Park Drive was built in 1937 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 198 Park Drive is $254,609.
What are some comparable homes to 198 Park Drive?
There are currently no comparable homes to 198 Park Drive.
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