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Springfield 01118 East Forest Park
701 Roosevelt Ave
$275,000
● House - Off Market

701 Roosevelt Ave

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,473 Ft²
$432,361
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Truly unique Mediterranean style split level home over looking Lake Massasoit. Large spacious living room with fireplace open to a formal dining room featuring a 3 season sun room with scenic views. The kitchen features a built in breakfast nook, large cabinets with a center island cooktop. 3 large bedrooms with beautiful wood floors, 1.5 baths with separate laundry room all conveniently located on main level. Lower level features a game room, built-in office area, spacious family room with fireplace, and door that opens to a spacious terrace overlooking spectacular lake views. This home also features It own boat dock ready for endless outdoor possibilities.
Unit Size
2,473 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$119
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1949

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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 #72479249)

Price History

Date / Event Date Event Price
Jun 10, 2021 Sold
Premium
Sold
Feb 1, 2021 Listed by RE/MAX Compass $319,900
Listed by RE/MAX Compass
Sep 24, 2019 Sold
Premium
Sold
Apr 30, 2019 Listed by RE/MAX Compass $295,000
Listed by RE/MAX Compass
Oct 1, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 12
  • 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: 41,447
  • Total Building Area: 1,973
  • Gross Building Area: 1,973
  • Building Area: 1,973
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,973
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000951
  • 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: 103600600
  • Parcel: SPRI S:10360 P:0600
  • Municipality: SPRINGFIELD
  • Latitude: 42.1053
  • Longitude: -72.5441

    Address

  • Full Address: 701 Roosevelt Ave
  • Address - House Number: 701
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C027
  • 4-Digit Zip Code: 1136
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $606,000

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 382,359
  • High Value: 458,200
  • Low Value: 306,519

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $355,400
  • Assessed Land Value: $69,100
  • Assessed Improvements Value: $286,300

    Sales

  • Current Sale Contract Date: Jun 09, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 226538
  • Previous Sale Recording Date: Sep 24, 2019
  • Previous Sale Contract Date: Sep 14, 2019
  • Previous Sale Amount: $275,000
  • 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 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72479249

Frequently Asked Questions

When was property at 701 Roosevelt Avenue built and last sold?
The property at 701 Roosevelt Avenue was built in 1949 and last sold on Jun 9, 2021 for $314,000.
How much is this home worth?
The estimated value of the home located at 701 Roosevelt Avenue is $324,036.
What are some comparable homes to 701 Roosevelt Avenue?
There are currently no comparable homes to 701 Roosevelt Avenue.
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