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West Springfield Town 01089
224 Prospect Ave
$197,500
● House - Off Market

224 Prospect Ave

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,107 Ft²
$346,617
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

WELCOME HOME! NEWLY RENOVATED 3 bedroom, 1 bath home. Quality, comfort and convenience is all yours. Spacious living room with gleaming hardwood flooring throughout, and a bright and well appointed kitchen with brand new cabinets, granite countertops and brand new energy-efficient stainless steel appliances. Walk out the sliding doors to your private deck and good-sized yard, ideal for those summer parties! A definite fantastic find - additional space in the walk-out basement with partially finished space for whatever your heart desires. A dream come true - don't miss out - THIS IS PRICED TO SELL QUICK!
Unit Size
1,107 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$185
Property Type
House
Property Taxes
$260
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #71973495)

Price History

Date / Event Date Event Price
Jul 21, 2016 Sold
Premium
Sold
Mar 16, 2016 Listed by Houser Nelson Realty $204,900
Listed by Houser Nelson Realty
Jan 27, 2016 Sold
Premium
Sold
Jul 27, 2015 Listed by Houser Nelson Realty $149,900
Listed by Houser Nelson Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,390
  • Total Building Area: 1,158
  • Gross Building Area: 2,624
  • Building Area: 1,158
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,158
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812202

Geography

  • Account Number: 445-24850-0U-001
  • District: 325
  • Parcel: WSPR M:00445 B:24850 L:0000U
  • Block: 24850
  • Lot: U
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1556
  • Longitude: -72.6407

    Address

  • Full Address: 224 Prospect Ave
  • Address - House Number: 224
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: R004
  • 4-Digit Zip Code: 4556
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $426,100

    Appraisal Valuation

  • Standard Deviation: 0.2016
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 324,509
  • High Value: 385,908
  • Low Value: 263,109

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $287,700
  • Assessed Land Value: $117,800
  • Assessed Improvements Value: $169,900

    Sales

  • Current Sale Recording Date: Jul 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 42025
  • Previous Sale Recording Date: Jan 27, 2016
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 71
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 West Springfield Town

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1976 ft²

Average Home Age

75.3 years

Currently For Sale

37 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

Unit for rent at 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71973495

Frequently Asked Questions

When was property at 224 Prospect Avenue built and last sold?
The property at 224 Prospect Avenue was built in 1962 and last sold on Jan 1, 1970 for $197,500.
How much is this home worth?
The estimated value of the home located at 224 Prospect Avenue is $205,053.
What are some comparable homes to 224 Prospect Avenue?
There are currently no comparable homes to 224 Prospect Avenue.
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