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Holyoke 01040
1 Drake Ln
Photo of 1 Drake Ln
Sold on Aug 31, 2009

1

Map

$250,000
● House - Off Market

1 Drake Ln

Holyoke, MA 01040
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,460 Ft²
$518,856
RealtyHop Estimate
107.63%
Since Sep 1, 2009
National-US
Primary Model

About This Property

Well Addressed!BEST OF BOTH WORLDS-Newer home in established sought after area,it's a tall Ranch with everything on one level plus additional 800 SF of living in finished basement!Wide open floor plan,cathedral ceilings,beautiful sunroom addition with sliders to 2 decks,spacious master suite with oversized bath & walk in closet!Finished basement makes great game room (seller will leave pool table),playroom,family room, and has potential for an in-law area with no steps to garage and driveway!
Unit Size
2,460 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$102
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
2002

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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 #70928944)

Price History

Date / Event Date Event Price
Aug 31, 2009 Sold
Premium
Sold
Jun 3, 2009 Listed $249,900
Listed
Jun 11, 2002 Sold
Premium
Sold
Aug 5, 2001 Listed by Charles J Davignon Real Estate Agency $59,500
Listed by Charles J Davignon Real Estate Agency
BUILDING LOT IN PRIME DESIRABLE BEMIS HEIGHTS LOCATION. HAS ALLOWED FRONTAGE REQUIREMENTS FOR FACING EITHER DRAKE LANE (EAST) OR BEMIS ROAD(NORTH). TREES NEED TO BE CLEARED FOR CONSTRUCTION.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,464
  • Total Building Area: 1,680
  • Gross Building Area: 3,760
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000263
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holyoke School District
  • School Tax School District: HOLYOKE SD
  • Census Tract: 811900

Zoning

  • Zoning: R-1

Geography

  • Parcel: HOLY M:0140 B:0000 L:28
  • Lot: 28
  • Municipality: HOLYOKE
  • Latitude: 42.2232
  • Longitude: -72.6381

    Address

  • Full Address: 1 Drake Ln
  • Address - House Number: 1
  • Address - Street Name: Drake
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Holyoke
  • Carrier Code: C003
  • 4-Digit Zip Code: 1200
  • Zip Code: 01040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $588,300

    Appraisal Valuation

  • Standard Deviation: 0.1899
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 397,278
  • High Value: 472,733
  • Low Value: 321,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $313,600
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $238,600

    Sales

  • Current Sale Recording Date: Aug 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 58232
  • Previous Sale Recording Date: Aug 31, 2009
  • Previous Sale Amount: $250,000
  • 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 Holyoke

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2316 ft²

Average Home Age

95.5 years

Currently For Sale

54 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# 70928944

Frequently Asked Questions

When was property at 1 Drake Lane built and last sold?
The property at 1 Drake Lane was built in 2002 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 1 Drake Lane is $263,381.
What are some comparable homes to 1 Drake Lane?
There are currently no comparable homes to 1 Drake Lane.
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