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West Springfield Town 01089
298 Elm St
$200,000
● House - Off Market

298 Elm St

West Springfield, MA 01089
bedrooms
6 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,022 Ft²
$349,659
RealtyHop Estimate
74.92%
Since Sep 1, 2005
National-US
Primary Model

About This Property

Home currently being used as a business. Originally built as a singel family. Up dates include electrical, w/  separate circuts for window AC., internet, cable & tel. in 4 bed rms, FR,& Kit. Garage + Front & Rear porches have new asphalt shingle roofs. Main Home has slate roof. 2 sets of french doors off center hall. Natural wookwork through out most of 1 & 2nd fls.  If possible appts. should be made with as much notice as possible please... Discl. con't 2nd fl. bath faucet is not connected.
Unit Size
2,022 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$99
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #70219831)

Price History

Date / Event Date Event Price
Mar 28, 2022 Sold
Premium
Sold
Nov 3, 2021 Sold
Premium
Sold
Nov 13, 2020 Listed by Storey Real Estate $71,500
Listed by Storey Real Estate
Aug 19, 2005 Sold
Premium
Sold
Jul 5, 2005 Listed by Storey Real Estate $199,900
Listed by Storey Real Estate
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,787
  • Total Building Area: 2,142
  • Gross Building Area: 4,158
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000408
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812201

Geography

  • Account Number: 102-06150-38-001
  • District: 325
  • Parcel: WSPR M:00102 B:06150 L:00038
  • Block: 6150
  • Lot: 38
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1089
  • Longitude: -72.6237

    Address

  • Full Address: 298 Elm St
  • Address - House Number: 298
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 2710
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,000

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 375,033
  • High Value: 449,726
  • Low Value: 300,341

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $328,800
  • Assessed Land Value: $118,800
  • Assessed Improvements Value: $210,000

    Sales

  • Current Sale Contract Date: Mar 28, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18774
  • Previous Sale Recording Date: Nov 03, 2021
  • Previous Sale Contract Date: Jul 30, 2021
  • Previous Sale Amount: $78,500
  • 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 West Springfield Town

Stats & Trends

Median Asking:

$369,488

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1800 ft²

Average Home Age

73.1 years

Currently For Sale

38 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70219831

Frequently Asked Questions

When was property at 298 Elm Street built and last sold?
The property at 298 Elm Street was built in 1900 and last sold on Mar 28, 2022 for $341,700.
How much is this home worth?
The estimated value of the home located at 298 Elm Street is $92,604.
What are some comparable homes to 298 Elm Street?
There are currently no comparable homes to 298 Elm Street.
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