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West Springfield Town 01089
487 Prospect Avenue
$301,000
● House - Off Market

487 Prospect Avenue

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,288 Ft²
$269,164
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

You wont want to miss the opportunity to own this incredible, one owner owned custom built home with a 30,000 sq ft lot.  Eat in kitchen with brand new stainless steel refrigerator and stove, and right off kitchen, separate dining area.  Fireplaced living room and all good sized bedrooms, central Vac and Central Air too!  Off garage is a covered patio overlooking a park like rear yard, very private and peaceful.  Full basement, partially finished.  This home is immaculate and ready to move your belongings right in.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$210
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1960

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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 #73119122)

Price History

Date / Event Date Event Price
Jul 7, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
Jun 1, 2023 Listed by Berkshire Hathaway HomeServices Realty Professionals $269,900
Listed by Berkshire Hathaway HomeServices Realty Professionals

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 1,288
  • Gross Building Area: 2,940
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • 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: 812202

Geography

  • Account Number: 445-27200-0U-001
  • District: 325
  • Parcel: WSPR M:00445 B:27200 L:0000U
  • Block: 27200
  • Lot: U
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1545
  • Longitude: -72.6501

    Address

  • Full Address: 487 Prospect Ave
  • Address - House Number: 487
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: R004
  • 4-Digit Zip Code: 4560
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $460,300

    Appraisal Valuation

  • Standard Deviation: 0.187
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 309,695
  • High Value: 372,274
  • Low Value: 247,115

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $310,800
  • Assessed Land Value: $127,500
  • Assessed Improvements Value: $183,300

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31060
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:

$359,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1768 ft²

Average Home Age

65.9 years

Currently For Sale

28 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 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73119122

Frequently Asked Questions

When was property at 487 Prospect Avenue built and last sold?
The property at 487 Prospect Avenue was built in 1960 and last sold on Jul 6, 2023 for $301,000.
How much is this home worth?
The estimated value of the home located at 487 Prospect Avenue is $277,296.
What are some comparable homes to 487 Prospect Avenue?
There are currently no comparable homes to 487 Prospect Avenue.
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