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Springfield 01118 East Forest Park
78 Clement St
$131,500
● House - Off Market

78 Clement St

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
816 Ft²
$228,012
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

ACCEPTED OFFER - OPEN HOUSE IS CANCELLED. Wonderful 2 bedroom ranch in East Forest Park.  This great home features beautiful hardwood and tiled floors.  The large living room has nice large windows and an opening to the kitchen, allowing for great natural light.  The kitchen features ceramic tiled floors and stainless steel appliances.  Additional living space is provided in the partially finished basement.  This home also has a nice fenced in yard with a shed.
Unit Size
816 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$165
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1971

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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: 4 months ago (MLSPIN #72028333)

Price History

Date / Event Date Event Price
Aug 25, 2016 Sold
Premium
Sold
Jun 23, 2016 Listed by Sears Real Estate, Inc. $135,000
Listed by Sears Real Estate, Inc.
Oct 9, 2009 Sold
Premium
Sold
Aug 21, 2009 Listed by Sears Real Estate, Inc. $119,900
Listed by Sears Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,044
  • Total Building Area: 816
  • Gross Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 816
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 28550013
  • Parcel: SPRI S:02855 P:0013
  • Municipality: SPRINGFIELD
  • Latitude: 42.0934
  • Longitude: -72.5328

    Address

  • Full Address: 78 Clement St
  • Address - House Number: 78
  • Address - Street Name: Clement
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 1510
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $350,700

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 243,327
  • High Value: 295,247
  • Low Value: 191,408

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,700
  • Assessed Land Value: $39,900
  • Assessed Improvements Value: $165,800

    Sales

  • Current Sale Recording Date: Aug 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50172
  • Previous Sale Recording Date: Oct 09, 2009
  • Previous Sale Amount: $131,000
  • 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

52

Average Home Size

1531 ft²

Average Home Age

78.2 years

Currently For Sale

26 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 months ago
Data Source: MLS PIN, MLS# 72028333

Frequently Asked Questions

When was property at 78 Clement Street built and last sold?
The property at 78 Clement Street was built in 1971 and last sold on Jan 1, 1970 for $131,500.
How much is this home worth?
The estimated value of the home located at 78 Clement Street is $136,790.
What are some comparable homes to 78 Clement Street?
There are currently no comparable homes to 78 Clement Street.
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