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Springfield 01118 East Forest Park
50 Cornflower St
$244,000
● House - Off Market

50 Cornflower St

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,114 Ft²
$250,085
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Ranch style home on a dead end street.Owned by the same owners for 50 plus years, owners took pride in this well maintained home.This nice ranch has a working gas fireplace, three good sized bedrooms a nice kitchen with plenty of solid wood cabinets all appliances to remain for the buyers enjoyment. This ranch has an addition featuring a nice fireplace room with a skylight -  also an enclosed porch overlooking a private back yard that abuts conservation land. This home is not a drive by!
Unit Size
1,114 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$215
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1954

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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 #73013719)

Price History

Date / Event Date Event Price
Oct 18, 2022 Sold
Premium
Sold
Jul 18, 2022 Listed by Perella Real Estate $239,000
Listed by Perella Real Estate

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,665
  • Total Building Area: 1,114
  • Gross Building Area: 1,114
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000314
  • 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: 32600009
  • Parcel: SPRI S:03260 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.0917
  • Longitude: -72.5182

    Address

  • Full Address: 50 Cornflower St
  • Address - House Number: 50
  • Address - Street Name: Cornflower
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2412
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2101
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 270,170
  • High Value: 326,938
  • Low Value: 213,402

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,200
  • Assessed Land Value: $56,600
  • Assessed Improvements Value: $168,600

    Sales

  • Current Sale Contract Date: Oct 17, 2022
  • Current Sale Recording Date: Oct 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62103
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

53

Average Home Size

1530 ft²

Average Home Age

77.3 years

Currently For Sale

25 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 months ago
Data Source: MLS PIN, MLS# 73013719

Frequently Asked Questions

When was property at 50 Cornflower Street built and last sold?
The property at 50 Cornflower Street was built in 1954 and last sold on Oct 17, 2022 for $244,000.
How much is this home worth?
The estimated value of the home located at 50 Cornflower Street is $243,507.
What are some comparable homes to 50 Cornflower Street?
There are currently no comparable homes to 50 Cornflower Street.
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