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West Springfield Town 01089
308 Kings Hwy
$70,000
● House - Off Market

308 Kings Hwy

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
2 Baths
square feet
888 Ft²
$139,087
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

PRICE REDUCED!!! WEST SORINGFIELD: A GREAT PLACE TO LIVE!  3 BEDS & 2 FULL BATHS!  REMODEL THIS GOOD HOME AND ENJOY THE GOOD LIFE!   HUD HOME. Sold "AS-IS" by elec. bid only. Prop avail 03-21-17. Bids due daily at 11:59pm CST until sold.. FHA CASE# 251-319828 (IE) INSURED WITH ESCROW. Eligible for FHA 203(k).Financing options: CASH, CONVENTIONAL, FHA; LBP disclosure attached.
Unit Size
888 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$97
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1945

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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 months ago (MLSPIN #72094991)

Price History

Date / Event Date Event Price
Apr 8, 2021 Sold
Premium
Sold
Feb 12, 2021 Listed by Great Homes Real Estate, Inc. $200,000
Listed by Great Homes Real Estate, Inc.
May 31, 2017 Sold
Premium
Sold
Nov 19, 2016 Listed by Great Homes Real Estate, Inc. $86,079
Listed by Great Homes Real Estate, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,029
  • Total Building Area: 1,171
  • Gross Building Area: 2,075
  • Building Area: 1,171
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,171
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812404

Geography

  • Account Number: 337-05900-0E-001
  • District: 325
  • Parcel: WSPR M:00337 B:05900 L:0000E
  • Block: 5900
  • Lot: E
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1099
  • Longitude: -72.6348

    Address

  • Full Address: 308 Kings Hwy
  • Address - House Number: 308
  • Address - Street Name: Kings
  • Address - Suffix Type: Hwy
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C007
  • 4-Digit Zip Code: 2302
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $348,800

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 280,018
  • High Value: 340,810
  • Low Value: 219,225

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $235,500
  • Assessed Land Value: $107,800
  • Assessed Improvements Value: $127,700

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23819
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 71
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 West Springfield Town

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$237

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2039 ft²

Average Home Age

71.7 years

Currently For Sale

33 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72094991

Frequently Asked Questions

When was property at 308 Kings Highway built and last sold?
The property at 308 Kings Highway was built in 1945 and last sold on Apr 8, 2021 for $211,000.
How much is this home worth?
The estimated value of the home located at 308 Kings Highway is $202,060.
What are some comparable homes to 308 Kings Highway?
There are currently no comparable homes to 308 Kings Highway.
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