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West Springfield Town 01089
248 Morgan Rd
$285,000
● House - Off Market

248 Morgan Rd

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,197 Ft²
$298,737
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Welcome home to this beautifully updated three bedroom ranch! Step inside to find gleaming hardwood floors, a brand new kitchen with quartz counters and stainless steel appliances, and a freshly renovated bathroom with new tile and fixtures.  A spacious living room, all three bedrooms, and a cozy den perfect for a reading or play room round out the first floor. The clean, dry basement offers laundry hookups and a utility sink, a water closet, and a bulkhead for exterior access - tons of potential for expanded living space! A full walk-up attic means plenty of extra storage room. This home is just seconds away from the Riverdale Shops and 91 yet sits far enough back from the street to feel very private, especially with the .8 acre wooded lot.
Unit Size
1,197 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$242
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1960

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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 #73061992)

Price History

Date / Event Date Event Price
Mar 20, 2023 Sold
Premium
Sold
Jan 24, 2023 In contract -
In contract
Dec 1, 2022 Listed by Lock and Key Realty Inc. $289,900
Listed by Lock and Key Realty Inc.
Sep 8, 2022 Sold
Premium
Sold
Jul 14, 2022 Listed by Lock and Key Realty Inc. $159,900
Listed by Lock and Key Realty Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 1
  • 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: 36,098
  • Total Building Area: 1,197
  • Gross Building Area: 3,626
  • Building Area: 1,197
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,197
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000829
  • 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: 378-23500-0H-001
  • District: 325
  • Parcel: WSPR M:00378 B:23500 L:0000H
  • Block: 23500
  • Lot: H
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1313
  • Longitude: -72.6353

    Address

  • Full Address: 248 Morgan Rd
  • Address - House Number: 248
  • Address - Street Name: Morgan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 1363
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $408,600

    Appraisal Valuation

  • Standard Deviation: 0.1903
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 312,293
  • High Value: 371,532
  • Low Value: 253,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $275,900
  • Assessed Land Value: $128,200
  • Assessed Improvements Value: $147,700

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12388
  • Previous Sale Recording Date: Sep 08, 2022
  • Previous Sale Contract Date: Sep 07, 2022
  • Previous Sale Amount: $163,500
  • 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 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

2000 ft²

Average Home Age

74.5 years

Currently For Sale

35 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: 5 months ago
Data Source: MLS PIN, MLS# 73061992

Frequently Asked Questions

When was property at 248 Morgan Road built and last sold?
The property at 248 Morgan Road was built in 1960 and last sold on Mar 20, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 248 Morgan Road is $287,227.
What are some comparable homes to 248 Morgan Road?
There are currently no comparable homes to 248 Morgan Road.
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