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Springfield 01104 East Springfield
305 Tremont St
$130,000
● House - Off Market

305 Tremont St

Springfield, MA 01104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,013 Ft²
$197,937
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

This home is a perfect place for anyone looking to start out or downsize.  Located on a quiet street in a neighborhood setting, this home sits on a double lot featuring a two car detached garage,  You will love the 3 season room on the side of the home with knotty pine walls and ceiling.  There is also deck off the back.  There are 2 bedrooms on the main floor and one one on the second floor.  The second floor has loads of closet space and storage under the eaves and over the living room.  The furnace is 2 years old and the house has been freshly painted inside.  Nothing to do but move in!
Unit Size
1,013 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$128
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1932

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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 #72298076)

Price History

Date / Event Date Event Price
May 14, 2018 Sold
Premium
Sold
Mar 24, 2018 Listed by Coldwell Banker Residential Brokerage - Longmeadow $130,000
Listed by Coldwell Banker Residential Brokerage - Longmeadow

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 10,001
  • Total Building Area: 1,013
  • Gross Building Area: 1,013
  • Building Area: 1,013
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,013
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 800202

Zoning

  • Zoning: R1

Geography

  • Account Number: 116300086
  • Parcel: SPRI S:11630 P:0086
  • Municipality: SPRINGFIELD
  • Latitude: 42.1507
  • Longitude: -72.5337

    Address

  • Full Address: 305 Tremont St
  • Address - House Number: 305
  • Address - Street Name: Tremont
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1727
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $320,700

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 251,988
  • High Value: 297,332
  • Low Value: 206,643

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,100
  • Assessed Land Value: $37,100
  • Assessed Improvements Value: $151,000

    Sales

  • Current Sale Recording Date: May 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25956
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 Springfield

Stats & Trends

Median Asking:

$287,450

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1332 ft²

Average Home Age

78.7 years

Currently For Sale

16 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72298076

Frequently Asked Questions

When was property at 305 Tremont Street built and last sold?
The property at 305 Tremont Street was built in 1932 and last sold on Jan 1, 1970 for $130,000.
How much is this home worth?
The estimated value of the home located at 305 Tremont Street is $137,072.
What are some comparable homes to 305 Tremont Street?
There are currently no comparable homes to 305 Tremont Street.
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