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Springfield 01118 East Forest Park
85 Roosevelt Ave
$162,000
● House - Off Market

85 Roosevelt Ave

Springfield, MA 01118
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,427 Ft²
$255,297
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

WELCOME HOME! NEWLY RENOVATED and 4 bedroom, 2 bath home. You have quality, comfort, and convenience all under one roof. Spacious living room with gleaming hardwood floors. A bright and well appointed kitchen. Termite damage in basement treated/repaired by licensed contractor/pest control company and comes with warranty. Brand new roof. A definite fantastic find - close to parks and schools. Will consider rent to own.
Unit Size
1,427 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$111
Property Type
House
Property Taxes
$232
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: 5 months ago (MLSPIN #72098059)

Price History

Date / Event Date Event Price
May 17, 2017 Sold
Premium
Sold
Dec 1, 2016 Listed by Houser Nelson Realty $158,000
Listed by Houser Nelson Realty
Oct 7, 2016 Sold
Premium
Sold
Aug 22, 2016 Listed by Houser Nelson Realty $100,000
Listed by Houser Nelson Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,251
  • Total Building Area: 1,427
  • Gross Building Area: 1,427
  • Building Area: 1,427
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,427
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 103600704
  • Parcel: SPRI S:10360 P:0704
  • Municipality: SPRINGFIELD
  • Latitude: 42.0926
  • Longitude: -72.5369

    Address

  • Full Address: 85 Roosevelt Ave
  • Address - House Number: 85
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Springfield
  • Carrier Code: C016
  • 4-Digit Zip Code: 1545
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $377,500

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 279,688
  • High Value: 339,366
  • Low Value: 220,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,400
  • Assessed Land Value: $39,700
  • Assessed Improvements Value: $181,700

    Sales

  • Current Sale Contract Date: May 10, 2017
  • Current Sale Recording Date: May 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 210724
  • Previous Sale Recording Date: Oct 07, 2016
  • Previous Sale Contract Date: Sep 27, 2016
  • Previous Sale Amount: $75,000
  • 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

$226

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1439 ft²

Average Home Age

72.2 years

Currently For Sale

27 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72098059

Frequently Asked Questions

When was property at 85 Roosevelt Avenue built and last sold?
The property at 85 Roosevelt Avenue was built in 1951 and last sold on May 10, 2017 for $162,000.
How much is this home worth?
The estimated value of the home located at 85 Roosevelt Avenue is $165,007.
What are some comparable homes to 85 Roosevelt Avenue?
There are currently no comparable homes to 85 Roosevelt Avenue.
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