1241 ElmWest Springfield, MA 01089

  • Specialty properties
  • 727 SF
Off market
$161,400 Estimated

Property Details for 1241 Elm

Year built
1967
Property size (Sq ft)
727 SF
Property type
Specialty properties
APN
WSPR M:00C06 B:00005 L:0001C
APU
WSPRM00C06B00005L0001C

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $136,221
    6.5%
    $125,742
    7%
    $116,761
  • Comparable approach

    Method
    Valuation
    Relative Method
    $94,989.80
    Geo Method
    $94,989.80
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $247,558
    Retail / Commercial
    $126,946
    Mixed-Use / Specialty
    $126,494
    Hospitality / Lodging
    $92,804.40
    Office
    $125,742
    Institutional / Educational
    $131,503
    Residential Income
    $153,858
    Multifamily
    $184,529
    Automotive / Energy
    $112,716
    Parking / Income-Based Land
    $38,897.10
    Restaurant / Food Service
    $65,790.40
    Healthcare / Senior Housing
    $129,717

Location Insight

City
West Springfield
County
Hampden
State
Massachusetts
Latitude
42.1205
Longitude
-72.628
CBSA code
44140
CBSA name
SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
-
-
$161,400
$161,400
-
-
-
-

FAQs

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