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Springfield 01108 Forest Park
24 Manchester Ter
$306,000
● House - Off Market

24 Manchester Ter

Springfield, MA 01108
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,620 Ft²
$1,697
Est. Monthly

About This Property

Welcome to your next home. This one has it all- beautifully maintained, convenience and close to the East Longmeadow line. You will immediately notice the updated enclosed porch. Upon entering you'll notice the hardwood flooring throughout the house. The spacious living room with a fireplace is just inviting you to relax. Off of that is the dining room area and updated kitchen. Off the kitchen is a well maintained deck that leads to your private backyard where you'll be able to enjoy a lovely stone patio and pit. The upstairs has four great sized bedrooms. Basement offers a partially finished area. You do not want to miss this one! Contingent upon seller finding suitable housing.
Unit Size
1,620 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$173
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1923

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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 #73193270)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Jan 17, 2024 In contract -
In contract
Jan 12, 2024 Listed by Gallagher Real Estate $280,000
Listed by Gallagher Real Estate
Sep 23, 2016 Sold
Premium
Sold
May 27, 2016 Listed by Gallagher Real Estate $159,990
Listed by Gallagher Real Estate
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,620
  • Gross Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,620
  • 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: 802602

Zoning

  • Zoning: R1

Geography

  • Account Number: 81600005
  • Parcel: SPRI S:08160 P:0005
  • Municipality: SPRINGFIELD
  • Latitude: 42.0813
  • Longitude: -72.5412

    Address

  • Full Address: 24 Manchester Ter
  • Address - House Number: 24
  • Address - Street Name: Manchester
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 3414
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $386,000

    Appraisal Valuation

  • Standard Deviation: 0.0868
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 92
  • Final Value: 288,355
  • High Value: 313,402
  • Low Value: 263,308

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,400
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $191,300

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11160
  • Previous Sale Recording Date: Sep 23, 2016
  • Previous Sale Amount: $157,000
  • 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:

$352,450

Sale Price/ft²

$160

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2906 ft²

Average Home Age

93.4 years

Currently For Sale

57 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# 73193270

Frequently Asked Questions

When was property at 24 Manchester Terrace built and last sold?
The property at 24 Manchester Terrace was built in 1923 and last sold on Mar 15, 2024 for $306,000.
How much is this home worth?
The estimated value of the home located at 24 Manchester Terrace is $275,982.
What are some comparable homes to 24 Manchester Terrace?
There are currently no comparable homes to 24 Manchester Terrace.
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