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Springfield 01108 Forest Park
46 Grand Street
$285,000
● House - Off Market

46 Grand Street

Springfield, MA 01108
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,938 Ft²
$383,078
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

New Construction!  The final details are being completed now.  Stop in and see this newly built home, with nearly 2000 square feet of living area.  First floor has a warm and inviting open floor plan with hardwood floors.  Gas fireplace in the living room to add charm.  There is a half bath on the first floor and a porch out front.  The second floor has the 3 bedrooms all with wall to wall carpeting.  There are two bathrooms, one off the hall and the second is the master bath.  This home also has second floor laundry.  Other features include new kitchen appliances, 2 car garage, and a tankless hot water heater for hot water on demand.  Add this home to your list and stop by soon.
Unit Size
1,938 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$152
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 years ago (MLSPIN #72737291)

Price History

Date / Event Date Event Price
Jan 13, 2021 Sold
Premium
Sold
Oct 4, 2020 Listed by Coldwell Banker Community REALTORS® $295,000
Listed by Coldwell Banker Community REALTORS®
Apr 27, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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
  • 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: 5,027
  • Total Building Area: 1,668
  • Gross Building Area: 1,668
  • Building Area: 1,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,668
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 802300

Zoning

  • Zoning: R2

Geography

  • Account Number: 59000004
  • Parcel: SPRI S:05900 P:0004
  • Municipality: SPRINGFIELD
  • Latitude: 42.0945
  • Longitude: -72.5611

    Address

  • Full Address: 46 Grand St
  • Address - House Number: 46
  • Address - Street Name: Grand
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 1307
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,300

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 366,780
  • High Value: 434,015
  • Low Value: 299,545

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,400
  • Assessed Land Value: $27,400
  • Assessed Improvements Value: $249,000

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Jan 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2759
  • Previous Sale Recording Date: Apr 27, 2018
  • Previous Sale Amount: $3,710
  • 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

$160

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2964 ft²

Average Home Age

95.5 years

Currently For Sale

56 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 years ago
Data Source: MLS PIN, MLS# 72737291

Frequently Asked Questions

When was property at 46 Grand Street built and last sold?
The property at 46 Grand Street was built in 2020 and last sold on Jan 4, 2021 for $285,000.
How much is this home worth?
The estimated value of the home located at 46 Grand Street is $302,501.
What are some comparable homes to 46 Grand Street?
There are currently no comparable homes to 46 Grand Street.
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