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Springfield 01118 East Forest Park
218 Island Pond Rd
$248,000
● House - Off Market

218 Island Pond Rd

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,736 Ft²
$325,832
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Welcome Home! This partial brick Colonial offers almost 1800 sq.ft of space, 2+ baths, 2 fireplaces, lots of beautiful wood flrs,3 bedrooms, office, 20x14 catherdral ceiling w/ Skylight Sunroom, & 3 CAR GARAGE. The lot is double size & has Lawn sprinkler system. Roof is NEW 2011,some newer windows & doors, & Central Vac-even in Gar!  Kitchen redone 2015 w/ SS appliances, GAS Heat& Water. Basement has large REC room w/gas heater, office/craft area,& Work shop. And, there's a WALK UP ATTIC! WOW! This home has perfect space for "Work or School from home" Space, hang out space and garage or workshop space! 2 stain glass windows & Both baths have ceiling heat lamps.
Unit Size
1,736 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$143
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1938

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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: 5 years ago (MLSPIN #72748902)

Price History

Date / Event Date Event Price
Dec 30, 2020 Sold
Premium
Sold
Oct 27, 2020 Listed by Vylla Home $248,000
Listed by Vylla Home

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 10,746
  • Total Building Area: 1,792
  • Gross Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000247
  • 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: 69900052
  • Parcel: SPRI S:06990 P:0052
  • Municipality: SPRINGFIELD
  • Latitude: 42.0993
  • Longitude: -72.5511

    Address

  • Full Address: 218 Island Pond Rd
  • Address - House Number: 218
  • Address - Street Name: Island Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1035
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $434,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 309,082
  • High Value: 370,388
  • Low Value: 247,776

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $254,800
  • Assessed Land Value: $46,300
  • Assessed Improvements Value: $208,500

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79196
  • Previous Sale Recording Date: Dec 30, 2015
  • 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

$227

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1480 ft²

Average Home Age

76.4 years

Currently For Sale

25 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: 5 years ago
Data Source: MLS PIN, MLS# 72748902

Frequently Asked Questions

When was property at 218 Island Pond Road built and last sold?
The property at 218 Island Pond Road was built in 1938 and last sold on Dec 29, 2020 for $248,000.
How much is this home worth?
The estimated value of the home located at 218 Island Pond Road is $0.
What are some comparable homes to 218 Island Pond Road?
There are currently no comparable homes to 218 Island Pond Road.
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