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Springfield 01119 Pine Point
62 Fargo Street
$230,000
● House - Off Market

62 Fargo Street

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$1,320
Est. Monthly

About This Property

Brand New Roof and fascia board was just installed! You must come inside to appreciate this home. It has had kitchen updates , with bright white cabinetry, tile backsplash and new laminate flooring. The bathroom was updated as well. There is a Four Season Room along the back that looks out on a good sized back yard. Original features such as high ceilings ornate wood trim, and wood flooring add a nice touch. There's a recent covered front porch addition that with some finishing touches and a couple of rocking chairs, will be charming.  The full basement provides a lot of storage and has both interior access and a bulkhead.There are stores and restaurants galore very nearby and with the proximity to area Universities, this could be a Great investment property. Lots of possibilities!
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$184
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1915

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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 #73220429)

Price History

Date / Event Date Event Price
Jun 10, 2024 Sold
Premium
Sold
Apr 4, 2024 Listed by Coldwell Banker Realty - Western MA $216,000
Listed by Coldwell Banker Realty - Western MA
May 21, 2004 Sold
Premium
Sold
Feb 18, 2004 Sold
Premium
Sold
Dec 18, 2003 Listed by Coldwell Banker Realty - Western MA $75,000
Listed by Coldwell Banker Realty - Western MA
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 5,001
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 801502

Zoning

  • Zoning: R1

Geography

  • Account Number: 49300013
  • Parcel: SPRI S:04930 P:0013
  • Municipality: SPRINGFIELD
  • Latitude: 42.1314
  • Longitude: -72.5238

    Address

  • Full Address: 62 Fargo St
  • Address - House Number: 62
  • Address - Street Name: Fargo
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C025
  • 4-Digit Zip Code: 1447
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $310,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2255
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 257,198
  • High Value: 315,196
  • Low Value: 199,199

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,900
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $149,000

    Sales

  • Current Sale Recording Date: May 21, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15222
  • Previous Sale Recording Date: Feb 18, 2004
  • Previous Sale Amount: $71,000
  • 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 Pine Point

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1455 ft²

Average Home Age

86.8 years

Currently For Sale

30 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# 73220429

Frequently Asked Questions

When was property at 62 Fargo Street built and last sold?
The property at 62 Fargo Street was built in 1915 and last sold on Jan 1, 1970 for $118,000.
How much is this home worth?
The estimated value of the home located at 62 Fargo Street is $208,190.
What are some comparable homes to 62 Fargo Street?
There are currently no comparable homes to 62 Fargo Street.
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