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Springfield 01118 East Forest Park
281 Roosevelt Ave
Photo of 281 Roosevelt Ave
Sold on Apr 16, 2025

16

Map

Photo of 281 Roosevelt Ave
Photo of 281 Roosevelt Ave
$280,000
● House - Off Market

281 Roosevelt Ave

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
928 Ft²
$1,659
Est. Monthly
6.29%
Cap Rate

About This Property

This charming home, located in a highly sought-after area of Springfield, MA, offers the perfect balance of comfort and convenience. Featuring a 2 bedroom partially finished basement (completed just one month ago), this space offers endless possibilities for additional living or storage. The updated bathroom was remodeled just three years ago, providing modern style and functionality. The home boasts a beautiful kitchen with stylish cabinets, ideal for cooking and entertaining. Enjoy a nice-sized backyard, perfect for outdoor activities, gardening, or simply relaxing. With a 2-car garage and a real chimney, this home offers ample space and character. Don't miss the opportunity to make this your home! Property to be delivered vacant at closing.
Unit Size
928 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$296
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1950

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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 #73321581)

Price History

Date / Event Date Event Price
Apr 16, 2025 Sold
Premium
Sold
Feb 26, 2025 In contract -
In contract
Feb 17, 2025 Price Decreased $275,000
↓ $10K (3.5%)
Price Decreased
Jan 18, 2025 Price Decreased $285,000
↓ $5K (1.7%)
Price Decreased
Dec 27, 2024 Listed $289,999
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,884
  • Total Building Area: 928
  • Gross Building Area: 928
  • Building Area: 928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 928
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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: 103600668
  • Parcel: SPRI S:10360 P:0668
  • Municipality: SPRINGFIELD
  • Latitude: 42.0981
  • Longitude: -72.5374

    Address

  • Full Address: 281 Roosevelt Ave
  • Address - House Number: 281
  • 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: $351,700

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 252,048
  • High Value: 305,828
  • Low Value: 198,268

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $206,300
  • Assessed Land Value: $45,300
  • Assessed Improvements Value: $161,000

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 82530
  • Previous Sale Recording Date: Aug 05, 1993
  • Previous Sale Amount: $82,500
  • 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# 73321581

Frequently Asked Questions

When was property at 281 Roosevelt Avenue built and last sold?
The property at 281 Roosevelt Avenue was built in 1950 and last sold on Nov 19, 2021 for $210,000.
How much is this home worth?
The estimated value of the home located at 281 Roosevelt Avenue is $0.
What are some comparable homes to 281 Roosevelt Avenue?
There are currently no comparable homes to 281 Roosevelt Avenue.
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