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Springfield 01108 Forest Park
203 Draper St
$110,500
● House - Off Market

203 Draper St

Springfield, MA 01108
bedrooms
2 Beds
bathrooms
1 Bath
square feet
900 Ft²
$178,546
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

This affordable 2 bedroom ranch is located on a quiet street in the Forest Park neighborhood of Springfield. The house sits on a fenced in lot with a private yard, deck with pergola and a detached 1 car garage. Inside features an eat in kitchen, hardwood flooring, 2 bedrooms and living room with updated recessed lighting.  The basement features a large finished bonus room with epoxy floor and separate laundry area.  With the newer roof, heating system, and hot water tank, you won't have to worry about maintenance for quite some time. The house also features central air with the compressor recently serviced.  This is a wonderful home at an unbelievably low price and with such limited inventory in the market you don't miss out on this one, schedule your appointment today before it's too late!
Unit Size
900 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$123
Property Type
House
Property Taxes
$173
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 #72141523)

Price History

Date / Event Date Event Price
May 31, 2017 Sold
Premium
Sold
Apr 5, 2017 Listed by The Graveline Group, LLC $110,500
Listed by The Graveline Group, LLC
Sep 29, 2003 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 802601

Zoning

  • Zoning: R1

Geography

  • Account Number: 40800073
  • Parcel: SPRI S:04080 P:0073
  • Municipality: SPRINGFIELD
  • Latitude: 42.078
  • Longitude: -72.5489

    Address

  • Full Address: 203 Draper St
  • Address - House Number: 203
  • Address - Street Name: Draper
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 2977
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $279,800

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 209,039
  • High Value: 254,634
  • Low Value: 163,445

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,100
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $129,000

    Sales

  • Current Sale Recording Date: May 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29877
  • Previous Sale Recording Date: Sep 29, 2003
  • Previous Sale Amount: $86,000
  • 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 Forest Park

Stats & Trends

Median Asking:

$349,950

Sale Price/ft²

$159

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2780 ft²

Average Home Age

93.2 years

Currently For Sale

58 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# 72141523

Frequently Asked Questions

When was property at 203 Draper Street built and last sold?
The property at 203 Draper Street was built in 1950 and last sold on Jan 1, 1970 for $110,500.
How much is this home worth?
The estimated value of the home located at 203 Draper Street is $115,961.
What are some comparable homes to 203 Draper Street?
There are currently no comparable homes to 203 Draper Street.
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