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Springfield 01118 East Forest Park
87 Island Pond
$155,000
● House - Off Market

87 Island Pond

Springfield, MA 01118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$219,260
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Look no further!  Pride of ownership shines throughout this sunny and inviting cape.  Walk into the open living room/kitchen which is perfect for entertaining, hardwood floors and freshly painted walls.   This lovingly maintained home has 2 bedrooms on the first floor and over sized 3rd bedroom on the second floor that would be perfect for a master or teen suite. The partially finished lower level offers additional space for family room, laundry and storage.  Just off the kitchen is a 3 season porch that takes you out to the private backyard with patio and pergola. Don't miss this one, call today for your personal showing.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$149
Property Type
House
Property Taxes
$96
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 #72559698)

Price History

Date / Event Date Event Price
Oct 4, 2019 Sold
Premium
Sold
Sep 5, 2019 Listed by Coldwell Banker Residential Brokerage $149,700
Listed by Coldwell Banker Residential Brokerage
Oct 14, 2010 Sold
Premium
Sold
Jan 26, 2010 Listed by Coldwell Banker Residential Brokerage $109,900
Listed by Coldwell Banker Residential Brokerage

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 5,998
  • 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: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 18804-A SHEET 05
  • Land Acres: 0000000138
  • 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: 69900202
  • Parcel: SPRI S:06990 P:0202
  • Municipality: SPRINGFIELD
  • Latitude: 42.0958
  • Longitude: -72.5505

    Address

  • Full Address: 87 Island Pond Rd
  • Address - House Number: 87
  • Address - Street Name: Island Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C035
  • 4-Digit Zip Code: 1039
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $289,500

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 238,263
  • High Value: 289,102
  • Low Value: 187,424

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,800
  • Assessed Land Value: $44,600
  • Assessed Improvements Value: $125,200

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 219745
  • Previous Sale Recording Date: Oct 14, 2010
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: 48
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

53

Average Home Size

1530 ft²

Average Home Age

77.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72559698

Frequently Asked Questions

When was property at 87 Island Pond Road built and last sold?
The property at 87 Island Pond Road was built in 1943 and last sold on Oct 4, 2019 for $155,000.
How much is this home worth?
The estimated value of the home located at 87 Island Pond Road is $153,847.
What are some comparable homes to 87 Island Pond Road?
There are currently no comparable homes to 87 Island Pond Road.
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