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Springfield 01118 East Forest Park
45 Balfour Dr
$158,000
● House - Off Market

45 Balfour Dr

Springfield, MA 01118
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$235,053
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Lovely new home awaits for you in a convenient location on the border of E.Longmeadow! A wonderful screened in porch, perfect for a book and hot beverage on those cool evenings leads into a nice sized kitchen and first floor with two comfortable sized bedrooms. The first floor has well kept wood floors, and updated kitchen and spacious living room.  Two additional bedrooms are located on the second floor. Abundant storage space in the shed and a nice deck in the backyard are all located in the the partially fenced in yard.  Summer gatherings and bbqs are a breeze and waiting for a new family to enjoy.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$159
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1943

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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 #72483917)

Price History

Date / Event Date Event Price
Oct 18, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by LAER Realty Partners $230,000
Listed by LAER Realty Partners
Jun 10, 2019 Sold
Premium
Sold
Apr 17, 2019 Listed by LAER Realty Partners $159,900
Listed by LAER Realty Partners

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 7,723
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • 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: 8900032
  • Parcel: SPRI S:00890 P:0032
  • Municipality: SPRINGFIELD
  • Latitude: 42.0974
  • Longitude: -72.5488

    Address

  • Full Address: 45 Balfour Dr
  • Address - House Number: 45
  • Address - Street Name: Balfour
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Springfield
  • Carrier Code: C023
  • 4-Digit Zip Code: 1138
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $393,700

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 278,131
  • High Value: 337,477
  • Low Value: 218,785

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,900
  • Assessed Land Value: $45,200
  • Assessed Improvements Value: $185,700

    Sales

  • Current Sale Contract Date: Oct 18, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 228095
  • Previous Sale Recording Date: Jun 10, 2019
  • Previous Sale Contract Date: May 21, 2019
  • Previous Sale Amount: $158,000
  • 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

$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 months ago
Data Source: MLS PIN, MLS# 72483917

Frequently Asked Questions

When was property at 45 Balfour Drive built and last sold?
The property at 45 Balfour Drive was built in 1943 and last sold on Oct 18, 2021 for $230,000.
How much is this home worth?
The estimated value of the home located at 45 Balfour Drive is $229,060.
What are some comparable homes to 45 Balfour Drive?
There are currently no comparable homes to 45 Balfour Drive.
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