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Springfield 01108 Forest Park
328 Oakland St
$200,000
● House - Off Market

328 Oakland St

Springfield, MA 01108
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,162 Ft²
$191,697
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Next to a small, nice public park is a beautiful single home family of 2 bedrooms, 1 bath, renovated less than 1 year ago with mostly everything new. The tiled kitchen features new appliances and cabinets with nice tiled backlash. The living and dining rooms have a good size with resurfaced hardwood floors, full of natural light. Upstairs are the two bedrooms with one large main bedroom, and new laminated floors. Externally, in addition to a detached garage, there is a large room-size shed, which can be used as an office or additional storage. The house has a large side yard which can be used for additional parking of 6 cars or simply a party ground ready for the coming summer. The house is in the Forest Park neighborhood, central to all amenities in Springfield and surrounding areas. This won't last.
Unit Size
1,162 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$163
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
1910

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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 #72977471)

Price History

Date / Event Date Event Price
Jun 28, 2022 Sold
Premium
Sold
May 6, 2022 Listed by Kava Realty Group, Inc. $189,500
Listed by Kava Realty Group, Inc.
Dec 14, 2020 Sold
Premium
Sold
Dec 19, 2019 Sold
Premium
Sold
Oct 8, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 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: 221
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,345
  • Total Building Area: 1,162
  • Gross Building Area: 1,162
  • Building Area: 1,162
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,162
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 802200

Zoning

  • Zoning: R2

Geography

  • Account Number: 92100064
  • Parcel: SPRI S:09210 P:0064
  • Municipality: SPRINGFIELD
  • Latitude: 42.0939
  • Longitude: -72.563

    Address

  • Full Address: 328 Oakland St
  • Address - House Number: 328
  • Address - Street Name: Oakland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 1322
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $307,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 233,788
  • High Value: 284,926
  • Low Value: 182,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,100
  • Assessed Land Value: $22,100
  • Assessed Improvements Value: $158,000

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jun 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39091
  • Previous Sale Recording Date: Dec 14, 2020
  • Previous Sale Contract Date: Dec 03, 2020
  • Previous Sale Amount: $55,500
  • 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 Forest Park

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2616 ft²

Average Home Age

91.4 years

Currently For Sale

54 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: 6 months ago
Data Source: MLS PIN, MLS# 72977471

Frequently Asked Questions

When was property at 328 Oakland Street built and last sold?
The property at 328 Oakland Street was built in 1910 and last sold on Jun 28, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 328 Oakland Street is $194,412.
What are some comparable homes to 328 Oakland Street?
There are currently no comparable homes to 328 Oakland Street.
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