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Springfield 01108 Forest Park
234 Commonwealth Ave.
$22,500
● House - Off Market

234 Commonwealth Ave.

Springfield, MA 01108
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$61,636
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

BANK OWNED!!!! Your chance to have a real money maker!!! Needs Plumbing and electrical up dates as well as TLC.  Seller request buyer contact designated Chase loan officer for a mortgage cross-qualification. Please contact our office for details
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$23
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71324395)

Price History

Date / Event Date Event Price
May 3, 2016 Sold
Premium
Sold
Jul 23, 2012 Sold
Premium
Sold
Jan 4, 2012 Listed by Olde New England Realty $28,710
Listed by Olde New England Realty
Jul 3, 2003 Sold
Premium
Sold
Apr 17, 2003 Listed by HB Real Estate, LLC $49,900
Listed by HB Real Estate, LLC
BANK OWNED PROPERTY SOLD IN AS IS CONDITION, NEEDS SOME INTERNAL AND EXTERNAL WORK. MAKE AN OFFER....
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 12
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKLANDS
  • 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: R2

Geography

  • Account Number: 30950042
  • Parcel: SPRI S:03095 P:0042
  • Municipality: SPRINGFIELD
  • Latitude: 42.0806
  • Longitude: -72.5509

    Address

  • Full Address: 234 Commonwealth Ave
  • Address - House Number: 234
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2735
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $324,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 250,612
  • High Value: 295,709
  • Low Value: 205,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,200
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $155,100

    Sales

  • Current Sale Recording Date: May 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24626
  • Previous Sale Recording Date: Jul 23, 2012
  • Previous Sale Amount: $22,250
  • 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 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71324395

Frequently Asked Questions

When was property at 234 Commonwealth Avenue built and last sold?
The property at 234 Commonwealth Avenue was built in 1920 and last sold on Jan 1, 1970 for $84,000.
How much is this home worth?
The estimated value of the home located at 234 Commonwealth Avenue is $36,505.
What are some comparable homes to 234 Commonwealth Avenue?
There are currently no comparable homes to 234 Commonwealth Avenue.
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