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Springfield 01108 Forest Park
72 Somerset Street
Photo of 72 Somerset Street
Sold on Aug 30, 2006

1

Map

$154,900
● House - Off Market

72 Somerset Street

Springfield, MA 01108
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,352 Ft²
$252,820
RealtyHop Estimate
68.66%
Since Sep 1, 2006
National-US
Primary Model

About This Property

PRIDE OF OWNERSHIP IN THIS WELL-MAINTAINED 3 BEDROOM COLONIAL WITH CHARM & A TOUCH OF CLASS!  MANY UPDATES INCLUDING NEWER HEATING, BEAUTIFULLY REMODELED KITCHEN AND NEW ROOF.  CHARMING FRONT PORCH, SPACIOUS LIVING ROOM WITH FIREPLACE, FORMAL DINING ROOM,HARDWOOD FLOORS,2 FULL BATHS & TWO CAR DETACHED GARAGE. LOCATED NEAR PARK.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$111
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1916

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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 #70385335)

Price History

Date / Event Date Event Price
Aug 30, 2006 Sold
Premium
Sold
May 9, 2006 Listed $149,900
Listed
Aug 28, 2003 Sold
Premium
Sold
Jun 16, 2003 Listed $130,000
Listed
Apr 25, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 12
  • 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: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUFFIELD STREET COOPER STREET
  • 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: 109450015
  • Parcel: SPRI S:10945 P:0015
  • Municipality: SPRINGFIELD
  • Latitude: 42.081
  • Longitude: -72.5573

    Address

  • Full Address: 72 Somerset St
  • Address - House Number: 72
  • Address - Street Name: Somerset
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C021
  • 4-Digit Zip Code: 2616
  • Zip Code: 01108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $232,600

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 231,706
  • High Value: 282,244
  • Low Value: 181,167

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $136,400
  • Assessed Land Value: $35,300
  • Assessed Improvements Value: $101,100

    Sales

  • Current Sale Recording Date: Aug 30, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 144458
  • Previous Sale Recording Date: Aug 28, 2003
  • Previous Sale Amount: $129,500
  • 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:

$350,000

Sale Price/ft²

$160

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2953 ft²

Average Home Age

95.3 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70385335

Frequently Asked Questions

When was property at 72 Somerset Street built and last sold?
The property at 72 Somerset Street was built in 1916 and last sold on Jan 1, 1970 for $154,900.
How much is this home worth?
The estimated value of the home located at 72 Somerset Street is $156,838.
What are some comparable homes to 72 Somerset Street?
There are currently no comparable homes to 72 Somerset Street.
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