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Springfield 01118 East Forest Park
391 Gillette Avenue
$160,000
● House - Off Market

391 Gillette Avenue

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,069 Ft²
$258,367
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Location, Location, Location! Adorable 5 room, 2bdrm Ranch located in the desirable area of East Forest Park... This home features new vinyl siding and some replacement windows (2016), sprinkler system (2013), remodeled kitchen (2013), hardwood floors, fireplace, and central air. You will enjoy the added square footage in the partially finished basement which includes a bar, and built-in table that will be great for entertaining. The one car garage has access to a large sun porch that overlooks the fenced-in backyard. Call for your private showing today!
Unit Size
1,069 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$150
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1951

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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 #72139312)

Price History

Date / Event Date Event Price
May 31, 2017 Sold
Premium
Sold
Apr 1, 2017 Listed by Sears Real Estate, Inc. $159,900
Listed by Sears Real Estate, Inc.
Jul 31, 2013 Sold
Premium
Sold
Jul 1, 2013 Listed by Neilsen Realty LLC $149,900
Listed by Neilsen Realty LLC
Oct 25, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 9,448
  • Total Building Area: 1,069
  • Gross Building Area: 1,069
  • Building Area: 1,069
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,069
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 802400

Zoning

  • Zoning: R1

Geography

  • Account Number: 56600072
  • Parcel: SPRI S:05660 P:0072
  • Municipality: SPRINGFIELD
  • Latitude: 42.102
  • Longitude: -72.5345

    Address

  • Full Address: 391 Gillette Ave
  • Address - House Number: 391
  • Address - Street Name: Gillette
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C027
  • 4-Digit Zip Code: 1220
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412,800

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 284,969
  • High Value: 345,773
  • Low Value: 224,164

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,100
  • Assessed Land Value: $54,800
  • Assessed Improvements Value: $187,300

    Sales

  • Current Sale Recording Date: May 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29825
  • Previous Sale Recording Date: Oct 25, 1989
  • Previous Sale Amount: $150,000
  • 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 East Forest Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1530 ft²

Average Home Age

77.3 years

Currently For Sale

25 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# 72139312

Frequently Asked Questions

When was property at 391 Gillette Avenue built and last sold?
The property at 391 Gillette Avenue was built in 1951 and last sold on Jan 1, 1970 for $160,000.
How much is this home worth?
The estimated value of the home located at 391 Gillette Avenue is $163,319.
What are some comparable homes to 391 Gillette Avenue?
There are currently no comparable homes to 391 Gillette Avenue.
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