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Springfield 01118 East Forest Park
51 Coral Rd
$200,000
● House - Off Market

51 Coral Rd

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,071 Ft²
$221,554
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

LOCATION! 1,071 sq. ft. Ranch offers 5 rooms, 3 generous bedrooms, full tiled bath with tub/shower, half bath dedicated to the main bedroom, comfortable dine-in kitchen, separate laundry room/utility room/pantry and a fenced back yard with concrete patio. The large lot (90x150) has potential to expand and add on, if desired. You will love the convenient location, situated in a handy East Forest Park neighborhood near shops, bus line, schools, Sumner Ave & No Main Street corridors. This one is a great starter or scale-down home to live in, or to buy as an investment and collect rental income. This 'handy-person' special needs repairs and cosmetics, but is priced accordingly. FOR SALE ONLY, ANY ONLINE POSTING OF THIS HOME FOR RENT IS A SCAM.
Unit Size
1,071 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$201
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1953

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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: 4 months ago (MLSPIN #73064280)

Price History

Date / Event Date Event Price
Mar 28, 2023 Sold
Premium
Sold
Jan 5, 2023 In contract -
In contract
Dec 10, 2022 Listed by William Raveis R.E. & Home Services $215,000
Listed by William Raveis R.E. & Home Services
LOCATION! 1,071 sq. ft. Ranch offers 5 rooms, 3 generous bedrooms, full tiled bath with tub/shower, half bath dedicated to the main bedroom, comfortable dine-in kitchen, separate laundry room/utility room/pantry and a fenced back yard with concrete patio. The large lot (90x150) has potential to expand and add on, if desired. You will love the convenient location, situated in a handy East Forest Park neighborhood near shops, bus line, schools, Sumner Ave & No Main Street corridors. This one is a great starter or scale-down home to live in, or to buy as an investment and collect rental income. This 'handy-person' special needs repairs and cosmetics, but is priced accordingly. FOR SALE ONLY, ANY ONLINE POSTING OF THIS HOME FOR RENT IS A SCAM.
Dec 1, 2022 No longer available -
No longer available
Sep 8, 2022 Listed by William Raveis R.E. & Home Services $215,000
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,499
  • Total Building Area: 1,071
  • Gross Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • 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: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 32200046
  • Parcel: SPRI S:03220 P:0046
  • Municipality: SPRINGFIELD
  • Latitude: 42.0904
  • Longitude: -72.5222

    Address

  • Full Address: 51 Coral Rd
  • Address - House Number: 51
  • Address - Street Name: Coral
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C042
  • 4-Digit Zip Code: 2403
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $261,000

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 214,926
  • High Value: 233,618
  • Low Value: 196,234

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,100
  • Assessed Land Value: $56,500
  • Assessed Improvements Value: $96,600

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Mar 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13799
  • Previous Sale Recording Date: Jun 16, 1999
  • Previous Sale Amount: $80,000
  • 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

52

Average Home Size

1535 ft²

Average Home Age

77.4 years

Currently For Sale

25 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: 4 months ago
Data Source: MLS PIN, MLS# 73064280

Frequently Asked Questions

When was property at 51 Coral Road built and last sold?
The property at 51 Coral Road was built in 1953 and last sold on Mar 28, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 51 Coral Road is $218,736.
What are some comparable homes to 51 Coral Road?
There are currently no comparable homes to 51 Coral Road.
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