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Springfield 01128 Sixteen Acres
494 Forest Hills Rd
$192,600
● House - Off Market

494 Forest Hills Rd

Springfield, MA 01128
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,992 Ft²
$336,106
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Fantastic one owner home located on lovely road just over the E. Longmeadow line.  First floor has dining room, living room, den and family room - lots of space for all your needs. Enjoy the peaceful backyard with luscious greenery from the deck off the family room or the screened in porch off the basement - lots of options here!  The price is right to add your touches to make this home exactly what you want. There is also a finished basement with storage area.  Replacement windows throughout, boiler and roof within the last 8 years (apo). Den could be made into a first floor bedroom.  Calll for your viewing today!
Unit Size
1,992 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$100
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1968

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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 years ago (MLSPIN #72015793)

Price History

Date / Event Date Event Price
Aug 15, 2016 Sold
Premium
Sold
Jun 2, 2016 Listed by The Council Real Estate Group $199,000
Listed by The Council Real Estate Group

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 264
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,690
  • Total Building Area: 1,992
  • Gross Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • 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: 801604

Zoning

  • Zoning: R6

Geography

  • Account Number: 52700077
  • Parcel: SPRI S:05270 P:0077
  • Municipality: SPRINGFIELD
  • Latitude: 42.0891
  • Longitude: -72.486

    Address

  • Full Address: 494 Forest Hills Rd
  • Address - House Number: 494
  • Address - Street Name: Forest Hills
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C036
  • 4-Digit Zip Code: 1216
  • Zip Code: 01128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $504,900

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 367,480
  • High Value: 433,607
  • Low Value: 301,353

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,100
  • Assessed Land Value: $59,800
  • Assessed Improvements Value: $236,300

    Sales

  • Current Sale Recording Date: Aug 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47744
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 Sixteen Acres

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$241

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1193 ft²

Average Home Age

54.6 years

Currently For Sale

19 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: 4 years ago
Data Source: MLS PIN, MLS# 72015793

Frequently Asked Questions

When was property at 494 Forest Hills Road built and last sold?
The property at 494 Forest Hills Road was built in 1968 and last sold on Jan 1, 1970 for $192,600.
How much is this home worth?
The estimated value of the home located at 494 Forest Hills Road is $218,927.
What are some comparable homes to 494 Forest Hills Road?
There are currently no comparable homes to 494 Forest Hills Road.
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