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Springfield 01107 Memorial Square
700 Chestnut St
$175,000
● House - Off Market

700 Chestnut St

Springfield, MA 01107
bedrooms
7 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,081 Ft²
$470,834
RealtyHop Estimate
169.05%
Since Sep 1, 2001
National-US
Primary Model

About This Property

FINELY CRAFTED VICTORIAN IMPECCABLY CARED FOR BY OWNER OCC. RICH DETAILS INCL. INLAID HDWD FLR, BEAUTIFULLY CARVED WOOD MOLDINGS, GOURMET KIT, SPACIOUS 3,081 SQ.FT. LIVING AREA, 4 FPLS(LR-GAS OP,OTHERS NON FUNC), SOLAR PANEL BRKN. WRRNTY!
Unit Size
3,081 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$57
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #30382674)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Aug 30, 2001 Sold
Premium
Sold
Feb 2, 2000 Listed $175,000
Listed

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 224
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,862
  • Total Building Area: 3,295
  • Gross Building Area: 3,295
  • Building Area: 3,295
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,295
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • 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: 800600

Zoning

  • Zoning: R2

Geography

  • Account Number: 27500195
  • Parcel: SPRI S:02750 P:0195
  • Municipality: SPRINGFIELD
  • Latitude: 42.1192
  • Longitude: -72.6049

    Address

  • Full Address: 700 Chestnut St
  • Address - House Number: 700
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1616
  • Zip Code: 01107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $515,100
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 384,418
  • High Value: 456,147
  • Low Value: 312,689

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,100
  • Assessed Land Value: $29,200
  • Assessed Improvements Value: $272,900

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 13468
  • Previous Sale Recording Date: Aug 30, 2001
  • Previous Sale Amount: $175,000
  • 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 Memorial Square

Stats & Trends

Median Asking:

$429,900

Sale Price/ft²

$121

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2245 ft²

Average Home Age

62.8 years

Currently For Sale

4 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: 4 years ago
Data Source: MLS PIN, MLS# 30382674

Frequently Asked Questions

When was property at 700 Chestnut Street built and last sold?
The property at 700 Chestnut Street was built in 1900 and last sold on Mar 18, 2024 for $183,000.
How much is this home worth?
The estimated value of the home located at 700 Chestnut Street is $176,750.
What are some comparable homes to 700 Chestnut Street?
There are currently no comparable homes to 700 Chestnut Street.
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