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Springfield 01108 Forest Park
56 Granby St
$240,000
● House - Off Market

56 Granby St

Springfield, MA 01108
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,625 Ft²
$253,167
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Pride Of ownership shows in this home! Seller has loved this home for many years, and it shows! Adorable Ranch with 2 bedrooms, large living room, dining room, full bath, plenty of closet space, partially finished basement, fenced in yard with oversized shed, newer roof (2020 APO)  vinyl siding, newer windows, close to area amenities & close to E. Longmeadow line!  Partially finished basement has so much potential!,  (teen hangout, home office, extra living room. Etc... you decide!, ) basement also includes a half bath, laundry room, utility room and even an additional room to make your own! Area with hearth for pellet stove if you so chose! French drain and sump pump in basement as well!  Stop by the open house. You won't want to miss it! Open house Sunday 8/21 12pm-1:30pm.
Unit Size
1,625 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$148
Property Type
House
Property Taxes
$260
HOA Dues
-
Year Built
1963

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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 #73026845)

Price History

Date / Event Date Event Price
Nov 2, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $239,900
Relisted
Sep 17, 2022 In contract -
In contract
Aug 18, 2022 Listed by ERA M Connie Laplante Real Estate $239,900
Listed by ERA M Connie Laplante Real Estate
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGFIELD
  • Land Acres: 0000000124
  • 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: R1

Geography

  • Account Number: 58900004
  • Parcel: SPRI S:05890 P:0004
  • Municipality: SPRINGFIELD
  • Latitude: 42.0819
  • Longitude: -72.5377

    Address

  • Full Address: 56 Granby St
  • Address - House Number: 56
  • Address - Street Name: Granby
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 2810
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $333,000

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 256,374
  • High Value: 311,422
  • Low Value: 201,327

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,300
  • Assessed Land Value: $35,600
  • Assessed Improvements Value: $159,700

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65178
  • Previous Sale Recording Date: Apr 25, 2017
  • Previous Sale Document Type: 27
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:

$349,999

Sale Price/ft²

$159

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2935 ft²

Average Home Age

94.5 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: 4 months ago
Data Source: MLS PIN, MLS# 73026845

Frequently Asked Questions

When was property at 56 Granby Street built and last sold?
The property at 56 Granby Street was built in 1963 and last sold on Nov 2, 2022 for $243,000.
How much is this home worth?
The estimated value of the home located at 56 Granby Street is $248,750.
What are some comparable homes to 56 Granby Street?
There are currently no comparable homes to 56 Granby Street.
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