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Springfield 01151 Indian Orchard
284 Pasco Rd
$170,000
● House - Off Market

284 Pasco Rd

Springfield, MA 01151
bedrooms
2 Beds
bathrooms
1 Bath
square feet
972 Ft²
$158,928
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Check out this Bungalow style home located in a very convenient area near highways, shopping and many area amenities. This home has been in the same family ownership for many years. Bring your decorating ideas and make it shine! Newer roof and the boiler is about 5 years old . Large living room features a ceiling fan and a fireplace and leads to a cozy three season porch.  The spacious dining room is located next to  the eat in kitchen. Two bedrooms and a full bath. The second bedroom has a portable closet. The large fenced in yard has a spacious flat back yard and a one car garage. Pull down attic space and lots of space for storage in the basement. Very easy to show and ready to go.
Unit Size
972 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$144
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #72853184)

Price History

Date / Event Date Event Price
Sep 13, 2021 Sold
Premium
Sold
Jun 20, 2021 Listed by LAER Realty Partners $140,000
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,622
  • Total Building Area: 1,188
  • Gross Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • 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: 800101

Zoning

  • Zoning: R2

Geography

  • Account Number: 95400064
  • Parcel: SPRI S:09540 P:0064
  • Municipality: SPRINGFIELD
  • Latitude: 42.1475
  • Longitude: -72.5039

    Address

  • Full Address: 284 Pasco Rd
  • Address - House Number: 284
  • Address - Street Name: Pasco
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Indian Orchard
  • Carrier Code: C005
  • 4-Digit Zip Code: 1937
  • Zip Code: 01151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $245,200

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 219,853
  • High Value: 267,816
  • Low Value: 171,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $143,800
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $108,700

    Sales

  • Current Sale Contract Date: Sep 13, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64379
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 Indian Orchard

Stats & Trends

Median Asking:

$307,500

Sale Price/ft²

$203

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1768 ft²

Average Home Age

92.1 years

Currently For Sale

15 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72853184

Frequently Asked Questions

When was property at 284 Pasco Road built and last sold?
The property at 284 Pasco Road was built in 1930 and last sold on Sep 13, 2021 for $170,000.
How much is this home worth?
The estimated value of the home located at 284 Pasco Road is $0.
What are some comparable homes to 284 Pasco Road?
There are currently no comparable homes to 284 Pasco Road.
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