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Springfield 01128 Sixteen Acres
329 Forest Hill Rd
$470,000
● House - Off Market

329 Forest Hill Rd

Springfield, MA 01128
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,044 Ft²
$2,795
Est. Monthly

About This Property

Location, Location, Location !!! 2010 construction in this sought after area ...Hardwoods thru-out, gas heat, central air, Beautiful Kitchen with newer SS appliances, Open floor plan to dining area with sliders to deck for outdoor grilling. Family room with crown molding and a gas fireplace for those chilly winter days, Upstairs has  four bedrooms with large closets and ceiling fans. Large master bedroom has a walkin closet, master bath with a newer shower, ceiling fan and hardwoods
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$224
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
2010

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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 #73311673)

Price History

Date / Event Date Event Price
Dec 27, 2024 Sold
Premium
Sold
Nov 18, 2024 In contract -
In contract
Nov 12, 2024 Listed by Gallagher Real Estate $458,000
Listed by Gallagher Real Estate
May 15, 2020 Sold
Premium
Sold
Mar 27, 2020 Listed by Gallagher Real Estate $359,900
Listed by Gallagher Real Estate
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,595
  • Total Building Area: 2,044
  • Gross Building Area: 2,044
  • Building Area: 2,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,044
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SKY RDG LANE
  • Land Acres: 0000000473
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 52700160
  • Parcel: SPRI S:05270 P:0160
  • Municipality: SPRINGFIELD
  • Latitude: 42.0937
  • Longitude: -72.4878

    Address

  • Full Address: 329 Forest Hills Rd
  • Address - House Number: 329
  • Address - Street Name: Forest Hills
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1213
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $681,100

    Appraisal Valuation

  • Standard Deviation: 0.1848
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 463,955
  • High Value: 549,730
  • Low Value: 378,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,500
  • Assessed Land Value: $62,100
  • Assessed Improvements Value: $337,400

    Sales

  • Current Sale Contract Date: May 11, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24826
  • Previous Sale Recording Date: Jan 10, 2019
  • Previous Sale Contract Date: Jan 08, 2019
  • Previous Sale Amount: $330,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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# 73311673

Frequently Asked Questions

When was property at 329 Forest Hills Road built and last sold?
The property at 329 Forest Hills Road was built in 2010 and last sold on May 11, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 329 Forest Hills Road is $455,225.
What are some comparable homes to 329 Forest Hills Road?
There are currently no comparable homes to 329 Forest Hills Road.
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