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Springfield 01118 East Forest Park
308 Island Pond
$124,900
● House - Off Market

308 Island Pond

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$222,365
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Move right into this East Forest Park home in a convenient location. Updated kitchen and bathroom. 21x10 Finished basement adds much more room. New roof in 2008 and new siding in 2011 APO. Second floor can be finished to expand square footage. Sun porch. Driveway on side street.
Unit Size
720 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$173
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71828396)

Price History

Date / Event Date Event Price
Jun 26, 2015 Sold
Premium
Sold
May 1, 2015 Listed by Coldwell Banker Residential Brokerage - Longmeadow $124,900
Listed by Coldwell Banker Residential Brokerage - Longmeadow
Oct 28, 2005 Sold
Premium
Sold
Sep 9, 2005 Listed by Coldwell Banker Residential Brokerage - Longmeadow $149,900
Listed by Coldwell Banker Residential Brokerage - Longmeadow

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 6,251
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARCADIA
  • Land Acres: 0000000144
  • 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: 69900068
  • Parcel: SPRI S:06990 P:0068
  • Municipality: SPRINGFIELD
  • Latitude: 42.1013
  • Longitude: -72.5497

    Address

  • Full Address: 308 Island Pond Rd
  • Address - House Number: 308
  • Address - Street Name: Island Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1036
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $364,700

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 255,103
  • High Value: 309,536
  • Low Value: 200,671

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,900
  • Assessed Land Value: $44,700
  • Assessed Improvements Value: $169,200

    Sales

  • Current Sale Recording Date: Jun 26, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33722
  • Previous Sale Recording Date: Oct 28, 2005
  • Previous Sale Amount: $142,500
  • 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

51

Average Home Size

1500 ft²

Average Home Age

75 years

Currently For Sale

23 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 months ago
Data Source: MLS PIN, MLS# 71828396

Frequently Asked Questions

When was property at 308 Island Pond Road built and last sold?
The property at 308 Island Pond Road was built in 1951 and last sold on Jan 1, 1970 for $124,900.
How much is this home worth?
The estimated value of the home located at 308 Island Pond Road is $130,705.
What are some comparable homes to 308 Island Pond Road?
There are currently no comparable homes to 308 Island Pond Road.
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