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Springfield 01108 Forest Park
55 Riverview Terrace
$337,500
● House - Off Market

55 Riverview Terrace

Springfield, MA 01108
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,636 Ft²
$676,737
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

Understated elegance with large updated kitchen - Wolf gas stove, Miele oven, walk-in pantry,counters of Corian, butcher block and marble, 2 almost new baths  and an interesting story to tell. Sellers are only the 4th owners of this Gordon Allen designed home. Sun porch (htd) is the perfect place to relax with friends, read a book while looking out over the Italian styled sunken garden. Master suite includes bedrm, sitting rm & study - lots of closets.
Unit Size
4,636 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$77
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1913

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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 #71556018)

Price History

Date / Event Date Event Price
Apr 2, 2019 Sold
Premium
Sold
Mar 27, 2014 Sold
Premium
Sold
Jul 16, 2013 Listed by Coldwell Banker Residential Brokerage - Longmeadow $355,000
Listed by Coldwell Banker Residential Brokerage - Longmeadow

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 23
  • 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: 746
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,401
  • Total Building Area: 4,636
  • Gross Building Area: 4,636
  • Building Area: 4,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 4,636
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000491
  • 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: 802101

Zoning

  • Zoning: R1

Geography

  • Account Number: 102870027
  • Parcel: SPRI S:10287 P:0027
  • Municipality: SPRINGFIELD
  • Latitude: 42.085
  • Longitude: -72.573

    Address

  • Full Address: 55 Riverview Ter
  • Address - House Number: 55
  • Address - Street Name: Riverview
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Springfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1603
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $975,400

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 580,508
  • High Value: 682,079
  • Low Value: 478,937

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $572,100
  • Assessed Land Value: $40,500
  • Assessed Improvements Value: $531,600

    Sales

  • Current Sale Contract Date: Mar 18, 2019
  • Current Sale Recording Date: Apr 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16195
  • Previous Sale Recording Date: Mar 27, 2014
  • Previous Sale Amount: $337,500
  • Previous Sale Document Type: 71
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

62

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# 71556018

Frequently Asked Questions

When was property at 55 Riverview Terrace built and last sold?
The property at 55 Riverview Terrace was built in 1913 and last sold on Mar 18, 2019 for $350,000.
How much is this home worth?
The estimated value of the home located at 55 Riverview Terrace is $357,548.
What are some comparable homes to 55 Riverview Terrace?
There are currently no comparable homes to 55 Riverview Terrace.
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