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Springfield 01108 Forest Park
61 Somerset St
$126,500
● House - Off Market

61 Somerset St

Springfield, MA 01108
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,755 Ft²
$179,486
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

This lovely home has been in the same family for 59 years! Walk to Forest Park, the jewel of Springfield, in just 5 minutes. Cute as can be with lots of space, a nice yard to roam in, and a two car garage serviced by a cement driveway. The kitchen has an art deco retro feel with beautiful original wall tiles and a stainless steel counter. The fridge is newer, and the stove is modern. Electrical system has been updated. Heating system is original, but works fine, per owner and occupant. Priced right so buyer can put in some sweat equity to bring it up to date, or get a rehab loan to do some renovations.
Unit Size
1,755 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$68
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
1915

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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: 5 months ago (MLSPIN #72351812)

Price History

Date / Event Date Event Price
Oct 5, 2018 Sold
Premium
Sold
Jun 23, 2018 Listed by John Kontekakis $118,500
Listed by John Kontekakis

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 5,502
  • Total Building Area: 1,568
  • Gross Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRAFTON PARK
  • Land Acres: 0000000126
  • 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: R2

Geography

  • Account Number: 109450032
  • Parcel: SPRI S:10945 P:0032
  • Municipality: SPRINGFIELD
  • Latitude: 42.0807
  • Longitude: -72.5568

    Address

  • Full Address: 61 Somerset St
  • Address - House Number: 61
  • Address - Street Name: Somerset
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C021
  • 4-Digit Zip Code: 2615
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $225,600

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 226,111
  • High Value: 275,429
  • Low Value: 176,793

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,300
  • Assessed Land Value: $35,300
  • Assessed Improvements Value: $97,000

    Sales

  • Current Sale Recording Date: Oct 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59992
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:

$353,000

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

62

Average Home Size

3039 ft²

Average Home Age

96.2 years

Currently For Sale

56 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: 5 months ago
Data Source: MLS PIN, MLS# 72351812

Frequently Asked Questions

When was property at 61 Somerset Street built and last sold?
The property at 61 Somerset Street was built in 1915 and last sold on Jan 1, 1970 for $126,500.
How much is this home worth?
The estimated value of the home located at 61 Somerset Street is $127,490.
What are some comparable homes to 61 Somerset Street?
There are currently no comparable homes to 61 Somerset Street.
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