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Springfield 01108 Forest Park
48 Crystal Ave
$20,000
● Land - Off Market

48 Crystal Ave

Springfield, MA 01108
bedrooms
Studio
bathrooms
0 Bath
$33,422
RealtyHop Estimate
68.80%
Since Oct 1, 2006
National-US
Primary Model

About This Property

Contractor Special. Cash OR Rehab loan only. "Buyer should be aware that this is property with a house on it and is being sold in an unihabitable condition.  It is the buyers responsibility to bring the property into compliance with all local building ordinances and codes or demolish and remove all debris in accordance with local municipality".Seller must be at all showings.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$177
HOA Dues
-
Year Built
1898

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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 #70448597)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Sep 19, 2006 Sold
Premium
Sold
Aug 28, 2006 Listed by RE/MAX Teamwork Realty $19,800
Listed by RE/MAX Teamwork Realty
Jun 19, 1987 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,648
  • Total Building Area: 2,136
  • Gross Building Area: 2,136
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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: 802200

Zoning

  • Zoning: R2

Geography

  • Account Number: 35100010
  • Parcel: SPRI S:03510 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.0889
  • Longitude: -72.5656

    Address

  • Full Address: 48 Crystal Ave
  • Address - House Number: 48
  • Address - Street Name: Crystal
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C030
  • 4-Digit Zip Code: 1722
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $247,400

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 235,430
  • High Value: 276,736
  • Low Value: 194,123

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,100
  • Assessed Land Value: $21,600
  • Assessed Improvements Value: $123,500

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2942
  • Previous Sale Recording Date: Sep 19, 2006
  • Previous Sale Amount: $22,000
  • 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 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70448597

Frequently Asked Questions

When was property at 48 Crystal Avenue built and last sold?
The property at 48 Crystal Avenue was built in 1898 and last sold on Jan 14, 2022 for $171,000.
How much is this home worth?
The estimated value of the home located at 48 Crystal Avenue is $19,998.
What are some comparable homes to 48 Crystal Avenue?
There are currently no comparable homes to 48 Crystal Avenue.
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