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Springfield 01118 East Forest Park
194 Island Pond Rd
$300,000
● House - Off Market

194 Island Pond Rd

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,210 Ft²
$1,823
Est. Monthly

About This Property

WHAT A WONDERFUL PLACE TO CALL HOME. Welcome to this adorable 3 bedroom Cape located in the East Forest Park area of Springfield. Step inside and you will find an easy flowing open floor plan. The first floor includes a spacious kitchen open to the living room, large dining room, 2 bedrooms and a remodeled bathroom. The second floor was renovated to include a large bedroom and sitting room perfect for a home office or simply relaxing after a long day with a good movie or book. Enjoy a two car garage, covered porch and fenced in backyard. Also including new windows, updated plumbing and electrical.This is a great place to create precious memories. Don't miss out. Schedule a showing today!
Unit Size
1,210 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$256
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1952

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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: 6 months ago (MLSPIN #73226713)

Price History

Date / Event Date Event Price
Aug 19, 2024 Sold
Premium
Sold
Jul 11, 2024 In contract -
In contract
Apr 22, 2024 Listed by Executive Real Estate, Inc. $309,900
Listed by Executive Real Estate, Inc.
Mar 10, 2023 Sold
Premium
Sold
Nov 1, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,742
  • Total Building Area: 1,210
  • Gross Building Area: 1,210
  • Building Area: 1,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,210
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 69900049
  • Parcel: SPRI S:06990 P:0049
  • Municipality: SPRINGFIELD
  • Latitude: 42.0987
  • Longitude: -72.5509

    Address

  • Full Address: 194 Island Pond Rd
  • Address - House Number: 194
  • Address - Street Name: Island Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1000
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 273,794
  • High Value: 323,062
  • Low Value: 224,525

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,100
  • Assessed Land Value: $45,600
  • Assessed Improvements Value: $166,500

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11127
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

$226

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1435 ft²

Average Home Age

74.9 years

Currently For Sale

31 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73226713

Frequently Asked Questions

When was property at 194 Island Pond Road built and last sold?
The property at 194 Island Pond Road was built in 1952 and last sold on Mar 10, 2023 for $181,000.
How much is this home worth?
The estimated value of the home located at 194 Island Pond Road is $301,583.
What are some comparable homes to 194 Island Pond Road?
There are currently no comparable homes to 194 Island Pond Road.
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