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Single Family ResidenceResidential
$331,573$186 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

40 TERRACE LN

SPRINGFIELD, MA 01118
3
Beds
1.5
Baths
1,782 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.33 ac
Lot SizeThe size of the land the home sits on, from county records.
1954
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$332K
$316K low$347K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,802 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$370,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$50,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$320,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$331,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$347,700

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyHAMPDEN
Lot (acres)The size of the land the home sits on, from county records.0.33
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.In-Ground Pool

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Frank H FreedmanB-
Elementary · Grades PK–5 · 0.6 mi
H
Springfield High School of Science and TechnologyF
High · Grades 9–12 · 1.7 mi
M
STEM Middle AcademyD+
Middle · Grades 6–8 · 1.8 mi

District: Springfield School District

Neighborhood · ZIP 01118These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.88
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.95
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.62

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.13,838
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,785 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$78,333
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$101,908
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

40 Terrace Ln measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 69% of homes in East Forest Park
  • Costs less per square foot than 88% of homes in Springfield 01118
  • Bigger than 83% of homes in Springfield 01118
  • Has a bigger lot than 90% of homes in East Forest Park
  • Newer than 68% of homes in East Forest Park

What homes are worth in Springfield 01118

Each bar is how many homes fall in that price range. The marker is this home.

This home
$230K$454K

This home is worth more than 66% of homes in Springfield 01118.

How it measures up in Springfield 01118

The dot is this home. The mark in the middle is the typical home in Springfield 01118.

Estimated value$331,573
CheaperTypical $312,913Pricier

Pricier than 66% of homes nearby

Price per ft²$186
CheaperTypical $238Pricier

Pricier than 12% of homes nearby

Living area1,782 ft²
SmallerTypical 1,344 ft²Bigger

Bigger than 83% of homes nearby

Lot size0.33 ac
SmallerTypical 0.19 acBigger

Bigger than 88% of homes nearby

Year built1954
OlderTypical 1953Newer

Newer than 61% of homes nearby

How 40 Terrace Ln ranks against every home in each area.
MeasureThis homeEast Forest ParkSpringfield 01118Hampden County
Estimated valuepricier than$331,57369% of homes66% of homes49% of homes
Price per ft²pricier than$18614% of homes12% of homes15% of homes
Living areabigger than1,782 ft²82% of homes83% of homes63% of homes
Lot sizebigger than0.33 ac90% of homes88% of homes53% of homes
Year builtnewer than195468% of homes61% of homes46% of homes

About 40 Terrace Ln

How much is 40 Terrace Ln, Springfield, MA worth?

The TopHap Estimate for 40 Terrace Ln, Springfield, MA is $331,573 as of Aug 30, 2026. The likely range is $316,041 to $347,105. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 Terrace Ln, Springfield, MA last sell?

40 Terrace Ln, Springfield, MA last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 40 Terrace Ln, Springfield, MA?

40 Terrace Ln, Springfield, MA has 3 bedrooms, 1.5 bathrooms, 1,782 square feet of living space and a 0.33-acre lot.

When was 40 Terrace Ln, Springfield, MA built?

40 Terrace Ln, Springfield, MA was built in 1954, making it 72 years old. It is a ranch home. The building has 1 story.

What schools serve 40 Terrace Ln, Springfield, MA?

40 Terrace Ln, Springfield, MA is assigned to Frank H Freedman (elementary), rated B-; Springfield High School of Science and Technology (high), rated F; STEM Middle Academy (middle), rated D+. All sit in Springfield School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 Terrace Ln, Springfield, MA compare to other homes in Springfield 01118?

Among the 5,096 homes in Springfield 01118, it is worth more than 66% of them ($331,573 against a typical $312,913), its price per square foot is higher than 12% of them ($186 against a typical $238), it is bigger than 83% of them (1,782 ft² against a typical 1,344 ft²), its lot is bigger than 88% of them (0.33 ac against a typical 0.19 ac) and it is newer than 61% of them (1954 against a typical 1953). Measured against all of Hampden County, it is worth more than 49% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40 Terrace Ln, Springfield, MA?

The 2025 property tax bill for 40 Terrace Ln, Springfield, MA was $5,802. The county assessed it at $370,000.

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