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Springfield 01108 Forest Park
304 Commonwealth Ave
$118,000
● House - Off Market

304 Commonwealth Ave

Springfield, MA 01108
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,731 Ft²
$226,381
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Kitchen has been Updated! New Cabinets, Dishwasher, Builtin Microwave, Moveable Island, shining oak floors. English Colonial has Vinyl Siding, Replacement Windows and freshly refinished oak floors.The spacious Living Room opens to a bright Sunroom and Dining Room. Large MBR, 3rd BR has walkin closet.  Updated bath with Corian vanity, "bathfitter" tub and surround. The basement has Family Rm, Exercise Rm, Laundry Rm with half bath.  New 3 zoned gas heating system. Gas HWH and CBs.
Unit Size
1,731 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$69
Property Type
House
Property Taxes
$204
HOA Dues
-
Year Built
1930

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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 #71572923)

Price History

Date / Event Date Event Price
Apr 25, 2014 Sold
Premium
Sold
Aug 21, 2013 Listed by Sears Real Estate, Inc. $120,000
Listed by Sears Real Estate, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 135
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,022
  • Total Building Area: 1,731
  • Gross Building Area: 1,731
  • Building Area: 1,731
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,731
  • 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: R1

Geography

  • Account Number: 30950054
  • Parcel: SPRI S:03095 P:0054
  • Municipality: SPRINGFIELD
  • Latitude: 42.079
  • Longitude: -72.5494

    Address

  • Full Address: 304 Commonwealth Ave
  • Address - House Number: 304
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2737
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $372,200

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 280,395
  • High Value: 341,553
  • Low Value: 219,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $218,300
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $183,200

    Sales

  • Current Sale Recording Date: Apr 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18481
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# 71572923

Frequently Asked Questions

When was property at 304 Commonwealth Avenue built and last sold?
The property at 304 Commonwealth Avenue was built in 1930 and last sold on Jan 1, 1970 for $118,000.
How much is this home worth?
The estimated value of the home located at 304 Commonwealth Avenue is $132,623.
What are some comparable homes to 304 Commonwealth Avenue?
There are currently no comparable homes to 304 Commonwealth Avenue.
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