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Springfield 01118 East Forest Park
305 Surrey Road
$72,500
● House - Off Market

305 Surrey Road

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$229,585
RealtyHop Estimate
210.67%
Since Jan 1, 2000
National-US
Primary Model

About This Property

CENTRALLY LOCATED ACROSS FROM CATHEDRAL HIGH SCHOOL. ONE OWNER HOME WITH LOTS OF UPDATES. LOW HEATING COSTS. KITCHEN STOVE, WASHER & DRYER, FREEZER ALL INCLUDED. FINISHED REC RM. IN CELLAR.SUBJ.TO RELEASE OF CURRENT P&S.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$96
Property Type
House
Property Taxes
$109
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #30352418)

Price History

Date / Event Date Event Price
Nov 12, 2020 Sold
Premium
Sold
Sep 16, 2020 Listed by Ayre Real Estate Co, Inc. $152,900
Listed by Ayre Real Estate Co, Inc.
Dec 30, 1999 Sold
Premium
Sold
Sep 7, 1999 Listed by Ayre Real Estate Co, Inc. $73,900
Listed by Ayre Real Estate Co, Inc.

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 11
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,185
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: 113300092
  • Parcel: SPRI S:11330 P:0092
  • Municipality: SPRINGFIELD
  • Latitude: 42.0995
  • Longitude: -72.5398

    Address

  • Full Address: 305 Surrey Rd
  • Address - House Number: 305
  • Address - Street Name: Surrey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C023
  • 4-Digit Zip Code: 1125
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,300

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 228,055
  • High Value: 276,716
  • Low Value: 179,395

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,000
  • Assessed Land Value: $45,400
  • Assessed Improvements Value: $126,600

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 223933
  • Previous Sale Recording Date: Dec 30, 1999
  • Previous Sale Amount: $72,500
  • Previous Sale Document Type: 48
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 years ago
Data Source: MLS PIN, MLS# 30352418

Frequently Asked Questions

When was property at 305 Surrey Road built and last sold?
The property at 305 Surrey Road was built in 1955 and last sold on Nov 12, 2020 for $165,000.
How much is this home worth?
The estimated value of the home located at 305 Surrey Road is $151,089.
What are some comparable homes to 305 Surrey Road?
There are currently no comparable homes to 305 Surrey Road.
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