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Springfield 01118 East Forest Park
71 Loretta Street
$146,000
● House - Off Market

71 Loretta Street

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,264 Ft²
$256,839
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

OPEN HOUSE this SUNDAY (November 29th)  from  11:30 to 1:00 ......Just lovely (3) bdrm., 1-1/2 bath, 2 car garage  RANCH with almost (1300) square feet of living on main level - all  in great neighborhood.  This home has so many updates:  New roof, siding, windows, (2) garage doors, deck.... along with BRAND NEW kitchen with mud room and BRAND NEW BATH with jacuzzi tub. You will appreciate the casually finished family room in the lower level with 1/2 bath - great for family entertaining.  The backyard is fully fenced with a brand new shed.
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$116
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1955

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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 #71935657)

Price History

Date / Event Date Event Price
Feb 10, 2016 Sold
Premium
Sold
Nov 23, 2015 Listed by Park Square Realty $146,000
Listed by Park Square Realty
Jul 22, 2005 Sold
Premium
Sold
Apr 3, 2005 Listed by Park Square Realty $158,500
Listed by Park Square Realty
May 15, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,264
  • Gross Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 802400

Zoning

  • Zoning: R1

Geography

  • Account Number: 79300045
  • Parcel: SPRI S:07930 P:0045
  • Municipality: SPRINGFIELD
  • Latitude: 42.0991
  • Longitude: -72.5479

    Address

  • Full Address: 71 Loretta St
  • Address - House Number: 71
  • Address - Street Name: Loretta
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1046
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $341,300

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 261,539
  • High Value: 313,415
  • Low Value: 209,663

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,200
  • Assessed Land Value: $45,100
  • Assessed Improvements Value: $155,100

    Sales

  • Current Sale Recording Date: Feb 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7452
  • Previous Sale Recording Date: Jul 22, 2005
  • Previous Sale Amount: $153,000
  • 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 East Forest Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1557 ft²

Average Home Age

75.1 years

Currently For Sale

20 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# 71935657

Frequently Asked Questions

When was property at 71 Loretta Street built and last sold?
The property at 71 Loretta Street was built in 1955 and last sold on Jan 1, 1970 for $146,000.
How much is this home worth?
The estimated value of the home located at 71 Loretta Street is $155,332.
What are some comparable homes to 71 Loretta Street?
There are currently no comparable homes to 71 Loretta Street.
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