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Springfield 01109 McKnight
42 Thompson St
$235,000
● House - Off Market

42 Thompson St

Springfield, MA 01109
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,716 Ft²
$253,960
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Newer home built in 2007, Wonderful Cozy Open Floor Plan home for a First Time Home Buyer. 4- 5 Bedrooms plus an additional room for an office or family room, 1.5 baths. New Kitchen, Dining Room and Bathroom floor.  House sits on a double lot and the yard is huge. House is still in the process of being cleaned out as well as the exterior. 1st Showing is at Open House, Sunday October 30th 2022 between 2:00-4:00 PM
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$140
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
2007

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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 #73053303)

Price History

Date / Event Date Event Price
Jan 13, 2023 Sold
Premium
Sold
Nov 9, 2022 In contract -
In contract
Oct 29, 2022 Listed by eXp Realty $239,900
Listed by eXp Realty
Sep 15, 2005 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 13,861
  • Total Building Area: 1,716
  • Gross Building Area: 1,716
  • Building Area: 1,716
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,716
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGFIELD PROP
  • Land Acres: 0000000318
  • 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: 801300

Zoning

  • Zoning: R2

Geography

  • Account Number: 115250008
  • Parcel: SPRI S:11525 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1113
  • Longitude: -72.5703

    Address

  • Full Address: 42 Thompson St
  • Address - House Number: 42
  • Address - Street Name: Thompson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 3920
  • Zip Code: 01109

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,100

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 277,813
  • High Value: 327,804
  • Low Value: 227,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,700
  • Assessed Land Value: $24,100
  • Assessed Improvements Value: $190,600

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2461
  • Previous Sale Recording Date: Mar 23, 2012
  • 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 McKnight

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

64

Average Home Size

2973 ft²

Average Home Age

125.8 years

Currently For Sale

9 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73053303

Frequently Asked Questions

When was property at 42 Thompson Street built and last sold?
The property at 42 Thompson Street was built in 2007 and last sold on Jan 13, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 42 Thompson Street is $242,121.
What are some comparable homes to 42 Thompson Street?
There are currently no comparable homes to 42 Thompson Street.
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