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Springfield 01118 East Forest Park
261 Roosevelt Ave
$183,000
● House - Off Market

261 Roosevelt Ave

Springfield, MA 01118
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$284,991
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

In the heart of one of Springfield's finest neighborhoods where there is a strong sense of community and pride.  This home will fit many needs with 8 rooms, 5 bedrooms and 2 full baths.  The current owners have loved and enjoyed this home for many years and now it is your time to reap the benefits of their labor.  In 2011 the current owner built a 2nd floor addition with all of the permits in place adding 3 bedrooms and an additional bathroom expanding the living space to fit todays modern family.  The kitchen is efficient with new tile flooring and backsplash!  Plenty of space in the dining room to sit for formal or everyday gatherings. 2 updated full baths give convenience needed for a family of any size! Come and see all this wonderful home has to offer!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$112
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1940

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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 #72247945)

Price History

Date / Event Date Event Price
Dec 8, 2017 Sold
Premium
Sold
Oct 26, 2017 Listed by Universal Real Estate Services, Inc. $179,900
Listed by Universal Real Estate Services, Inc.
Dec 1, 2006 Sold
Premium
Sold
Oct 26, 2006 Listed by Universal Real Estate Services, Inc. $154,900
Listed by Universal Real Estate Services, Inc.
Feb 28, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,662
  • Total Building Area: 1,570
  • Gross Building Area: 1,570
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • 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: 103600672
  • Parcel: SPRI S:10360 P:0672
  • Municipality: SPRINGFIELD
  • Latitude: 42.0977
  • Longitude: -72.5374

    Address

  • Full Address: 261 Roosevelt Ave
  • Address - House Number: 261
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C016
  • 4-Digit Zip Code: 1116
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,800

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 291,992
  • High Value: 362,238
  • Low Value: 221,747

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,200
  • Assessed Land Value: $45,200
  • Assessed Improvements Value: $167,000

    Sales

  • Current Sale Recording Date: Dec 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73068
  • Previous Sale Recording Date: Dec 01, 2006
  • Previous Sale Amount: $153,000
  • 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

1535 ft²

Average Home Age

77.4 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72247945

Frequently Asked Questions

When was property at 261 Roosevelt Avenue built and last sold?
The property at 261 Roosevelt Avenue was built in 1940 and last sold on Jan 1, 1970 for $183,000.
How much is this home worth?
The estimated value of the home located at 261 Roosevelt Avenue is $182,910.
What are some comparable homes to 261 Roosevelt Avenue?
There are currently no comparable homes to 261 Roosevelt Avenue.
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