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Springfield 01108 Forest Park
389 Commonwealth Avenue
Photo of 389 Commonwealth Avenue
Sold on Dec 8, 2005

1

Map

$108,250
● House - Off Market

389 Commonwealth Avenue

Springfield, MA 01108
bedrooms
1 Bed
bathrooms
1 Bath
square feet
600 Ft²
$188,982
RealtyHop Estimate
71.80%
Since Jan 1, 2006
National-US
Primary Model

About This Property

Cozy and cute cape! Great alternative to apartment or condo living. Lots of updates. New roof, heating system and deck. Hardwood in living room and bedroom. Good size yard.
Unit Size
600 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$183
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1953

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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: 5 months ago (MLSPIN #70281587)

Price History

Date / Event Date Event Price
Dec 6, 2005 Sold
Premium
Sold
Oct 20, 2005 Listed $110,000
Listed
Apr 26, 2001 Sold
Premium
Sold
Feb 8, 2001 Listed $74,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 600
  • Gross Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 600
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAWN FARMS
  • Land Acres: 0000000172
  • 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: 30950095
  • Parcel: SPRI S:03095 P:0095
  • Municipality: SPRINGFIELD
  • Latitude: 42.0774
  • Longitude: -72.5471

    Address

  • Full Address: 389 Commonwealth Ave
  • Address - House Number: 389
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 2736
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $286,100

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 218,974
  • High Value: 265,311
  • Low Value: 172,636

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,800
  • Assessed Land Value: $40,100
  • Assessed Improvements Value: $127,700

    Sales

  • Current Sale Recording Date: Dec 06, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 26, 2001
  • Previous Sale Amount: $71,500
  • Previous Sale Document Type: 27
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:

$351,500

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2978 ft²

Average Home Age

95.7 years

Currently For Sale

60 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: 5 months ago
Data Source: MLS PIN, MLS# 70281587

Frequently Asked Questions

When was property at 389 Commonwealth Avenue built and last sold?
The property at 389 Commonwealth Avenue was built in 1953 and last sold on Jan 1, 1970 for $108,300.
How much is this home worth?
The estimated value of the home located at 389 Commonwealth Avenue is $109,635.
What are some comparable homes to 389 Commonwealth Avenue?
There are currently no comparable homes to 389 Commonwealth Avenue.
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