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Springfield 01108 Forest Park
48 Sylvan St
$177,500
● House - Off Market

48 Sylvan St

Springfield, MA 01108
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,684 Ft²
$249,753
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Beautifully renovated Colonial on a corner lot. Walking in the front door from the covered porch you will feel at home with the spacious and bright living and dining room with original french doors and wood burning fireplace. Gleaming hardwood floors throughout this home with custom chair rails, crown moldings and wooden details. The updated kitchen features new cabinets, stainless steel range and refrigerator, breakfast bar and room for an eat in kitchen table. The upstairs boasts three large bedrooms and one full bath. Master bedroom features two closets and either a nursery or walk in closet. Home equipped with three outdoor cameras and an alarm system.
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$101
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1922

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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 #72483098)

Price History

Date / Event Date Event Price
Jun 7, 2019 Sold
Premium
Sold
Apr 16, 2019 Listed by Rovithis Realty, LLC $169,900
Listed by Rovithis Realty, LLC
Sep 23, 2016 Sold
Premium
Sold
Jul 13, 2016 Listed by Rovithis Realty, LLC $159,900
Listed by Rovithis Realty, LLC
Nov 3, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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
  • 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: 5,005
  • Total Building Area: 1,684
  • Gross Building Area: 1,684
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 6

    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: 802601

Zoning

  • Zoning: R2

Geography

  • Account Number: 113600009
  • Parcel: SPRI S:11360 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.083
  • Longitude: -72.5479

    Address

  • Full Address: 48 Sylvan St
  • Address - House Number: 48
  • Address - Street Name: Sylvan
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C019
  • 4-Digit Zip Code: 3061
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $356,200

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 177,048
  • High Value: 208,009
  • Low Value: 146,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,900
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $173,800

    Sales

  • Current Sale Contract Date: Jun 06, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30040
  • Previous Sale Recording Date: Sep 23, 2016
  • Previous Sale Amount: $165,000
  • 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 Forest Park

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$158

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2729 ft²

Average Home Age

93 years

Currently For Sale

59 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# 72483098

Frequently Asked Questions

When was property at 48 Sylvan Street built and last sold?
The property at 48 Sylvan Street was built in 1922 and last sold on Jun 6, 2019 for $177,500.
How much is this home worth?
The estimated value of the home located at 48 Sylvan Street is $180,080.
What are some comparable homes to 48 Sylvan Street?
There are currently no comparable homes to 48 Sylvan Street.
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