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Springfield 01118 East Forest Park
22 Rita St
$207,000
● House - Off Market

22 Rita St

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$213,310
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

It is my pleasure to introduce you to 22 Rita Street, the latest addition to the Springfield real estate market. This stunning property boasts a prime location and offers a spacious and modern living experience. With its clean lines and timeless finishes, 22 Rita Street is a true gem. The property features 2 bedrooms, 1 bathroom, a spacious living area, and a fully equipped kitchen. The large windows throughout the house fill the space with natural light and provide breathtaking views of the surrounding area. Don't miss out on the opportunity to make this property your own. I invite you to schedule a viewing today and experience the beauty and comfort of 22 Rita Street for yourself.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$270
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1954

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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: 4 months ago (MLSPIN #73076285)

Price History

Date / Event Date Event Price
Mar 22, 2023 Sold
Premium
Sold
Feb 4, 2023 In contract -
In contract
Feb 3, 2023 Listed by Lock and Key Realty Inc. $207,000
Listed by Lock and Key Realty Inc.
Aug 27, 2009 Sold
Premium
Sold
Jul 30, 2002 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,050
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • 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: 102500003
  • Parcel: SPRI S:10250 P:0003
  • Municipality: SPRINGFIELD
  • Latitude: 42.0997
  • Longitude: -72.5489

    Address

  • Full Address: 22 Rita St
  • Address - House Number: 22
  • Address - Street Name: Rita
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1054
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $278,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 225,924
  • High Value: 272,685
  • Low Value: 179,163

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $163,100
  • Assessed Land Value: $45,300
  • Assessed Improvements Value: $117,800

    Sales

  • Current Sale Contract Date: Mar 22, 2023
  • Current Sale Recording Date: Mar 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12783
  • Previous Sale Recording Date: Aug 27, 2009
  • Previous Sale Amount: $117,500
  • 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

1540 ft²

Average Home Age

77.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73076285

Frequently Asked Questions

When was property at 22 Rita Street built and last sold?
The property at 22 Rita Street was built in 1954 and last sold on Mar 22, 2023 for $207,000.
How much is this home worth?
The estimated value of the home located at 22 Rita Street is $205,775.
What are some comparable homes to 22 Rita Street?
There are currently no comparable homes to 22 Rita Street.
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