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Springfield 01118 East Forest Park
48 Clement St
$160,000
● House - Off Market

48 Clement St

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
910 Ft²
$248,847
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Looking for the perfect starter home? Looking to downsize? Then this house is a must see!  Beautifully maintained 2 bedroom cape with HUGE potential for growth! Ample room on the first floor with 2 bedrooms and a nice eat in kitchen and bright living room.... but if you need more space, the basement has great potential for a cozy family room to be built out with a quaint fireplace already in place. This home also offers a walk up attic space with potential for additional bedrooms.  Located on a quiet side street off Sumner Ave, the location is ideal for local amenities as well as highway access.  New high efficiency vinyl windows, new roof and professionally refinished oak floors (2018).
Unit Size
910 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$187
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72551885)

Price History

Date / Event Date Event Price
Oct 30, 2019 Sold
Premium
Sold
Aug 19, 2019 Listed by William Raveis R.E. & Home Services $169,900
Listed by William Raveis R.E. & Home Services
Mar 6, 2018 Sold
Premium
Sold
Oct 20, 2017 Listed by William Raveis R.E. & Home Services $134,900
Listed by William Raveis R.E. & Home Services
Dec 21, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 6,926
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • 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: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 28550008
  • Parcel: SPRI S:02855 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.0926
  • Longitude: -72.5327

    Address

  • Full Address: 48 Clement St
  • Address - House Number: 48
  • Address - Street Name: Clement
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1510
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $322,800

    Appraisal Valuation

  • Standard Deviation: 0.2049
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 245,376
  • High Value: 295,674
  • Low Value: 195,078

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,300
  • Assessed Land Value: $39,900
  • Assessed Improvements Value: $149,400

    Sales

  • Current Sale Contract Date: Oct 28, 2019
  • Current Sale Recording Date: Oct 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63581
  • Previous Sale Recording Date: Mar 06, 2018
  • Previous Sale Amount: $125,000
  • 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 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

1540 ft²

Average Home Age

77.8 years

Currently For Sale

26 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# 72551885

Frequently Asked Questions

When was property at 48 Clement Street built and last sold?
The property at 48 Clement Street was built in 1953 and last sold on Oct 28, 2019 for $160,000.
How much is this home worth?
The estimated value of the home located at 48 Clement Street is $169,227.
What are some comparable homes to 48 Clement Street?
There are currently no comparable homes to 48 Clement Street.
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