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Springfield 01108 Forest Park
56 Copeland St
$201,000
● House - Off Market

56 Copeland St

Springfield, MA 01108
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,456 Ft²
$260,753
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Looking for a cozy home with and open floor plan??  Look no more!  This charming 7 room, 2.5 bath home features a nicely remodeled first floor with an updated kitchen that overlooks the dining room and generous living room featuring a beautiful fireplace.  The master bedroom used to be two bedrooms and in very spacious.  All the bathrooms have been updated.  Second floor has central.  Need more space?  This house is flexible as it features recently finished space in the basement that works great as a family and office combination.  Also,  the master bedroom can be partitioned to add another bedroom to your liking.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$134
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1928

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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 #72690968)

Price History

Date / Event Date Event Price
Oct 9, 2020 Sold
Premium
Sold
Jul 14, 2020 Listed by Sears Real Estate, Inc. $195,000
Listed by Sears Real Estate, Inc.
Apr 15, 2016 Sold
Premium
Sold
Sep 30, 2015 Listed by Sears Real Estate, Inc. $159,500
Listed by Sears Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 4,291
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • 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: 32000009
  • Parcel: SPRI S:03200 P:0009
  • Municipality: SPRINGFIELD
  • Latitude: 42.0769
  • Longitude: -72.553

    Address

  • Full Address: 56 Copeland St
  • Address - House Number: 56
  • Address - Street Name: Copeland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C044
  • 4-Digit Zip Code: 2971
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,200

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 271,316
  • High Value: 330,494
  • Low Value: 212,138

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,800
  • Assessed Land Value: $37,300
  • Assessed Improvements Value: $177,500

    Sales

  • Current Sale Contract Date: Oct 08, 2020
  • Current Sale Recording Date: Oct 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58573
  • Previous Sale Recording Date: Apr 15, 2016
  • Previous Sale Amount: $157,500
  • 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:

$354,900

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2658 ft²

Average Home Age

97 years

Currently For Sale

60 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# 72690968

Frequently Asked Questions

When was property at 56 Copeland Street built and last sold?
The property at 56 Copeland Street was built in 1928 and last sold on Oct 8, 2020 for $201,000.
How much is this home worth?
The estimated value of the home located at 56 Copeland Street is $200,576.
What are some comparable homes to 56 Copeland Street?
There are currently no comparable homes to 56 Copeland Street.
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