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Springfield 01118 East Forest Park
404 Island Pond Rd
$167,000
● House - Off Market

404 Island Pond Rd

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,036 Ft²
$264,077
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Extremely well maintained ranch in East Forest Park area has so much to offer. Enter your home from either the garage or the exterior to the 3 season breezeway/mudroom for your convenience. The open floor plan invites you from the dining room to the comfortable living room with a cozy fireplace and large picture window that allows for much of the natural sunlight to stream in. Both of the bedrooms are spacious and designed with generous closets and beautiful hardwood floors. The partially finished carpeted room in the basement is ideal as a family room which allows for more living space to enjoy. This homes interior has a effortlessly clear layout and a backyard that will hold many gatherings with ease. Central Vac., Central Air and a Security System, sure to please. Make this your new home before the holidays.
Unit Size
1,036 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$168
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1951

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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: 6 months ago (MLSPIN #72377819)

Price History

Date / Event Date Event Price
Nov 13, 2018 Sold
Premium
Sold
Aug 12, 2018 Listed by Landmark, REALTORS® $174,000
Listed by Landmark, REALTORS®
Apr 23, 2014 Sold
Premium
Sold
Feb 8, 2014 Listed by Landmark, REALTORS® $129,900
Listed by Landmark, REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,764
  • Total Building Area: 1,036
  • Gross Building Area: 1,036
  • Building Area: 1,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,036
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 8446-F
  • Land Acres: 0000000247
  • 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: 69900081
  • Parcel: SPRI S:06990 P:0081
  • Municipality: SPRINGFIELD
  • Latitude: 42.1029
  • Longitude: -72.547

    Address

  • Full Address: 404 Island Pond Rd
  • Address - House Number: 404
  • Address - Street Name: Island Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1063
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396,800

    Appraisal Valuation

  • Standard Deviation: 0.2571
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 262,865
  • High Value: 330,448
  • Low Value: 195,281

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,700
  • Assessed Land Value: $46,300
  • Assessed Improvements Value: $186,400

    Sales

  • Current Sale Recording Date: Nov 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 216485
  • Previous Sale Recording Date: Apr 23, 2014
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: O
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

$226

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1435 ft²

Average Home Age

74.9 years

Currently For Sale

31 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: 6 months ago
Data Source: MLS PIN, MLS# 72377819

Frequently Asked Questions

When was property at 404 Island Pond Road built and last sold?
The property at 404 Island Pond Road was built in 1951 and last sold on Jan 1, 1970 for $167,000.
How much is this home worth?
The estimated value of the home located at 404 Island Pond Road is $177,840.
What are some comparable homes to 404 Island Pond Road?
There are currently no comparable homes to 404 Island Pond Road.
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