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Springfield 01151 Indian Orchard
110 Lorimer St
$250,000
● House - Off Market

110 Lorimer St

Springfield, MA 01151
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,660 Ft²
$233,684
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

What a charming place to call home.  Nestled at the end of a quiet street with wonderful views of lake Lorraine, you'll be surprised to find out its in the city.  This well maintained home features a nice large living room, separate dining room, updated kitchen and three great bedrooms. If you're looking for more space, enjoy a fully finished basement with a wonderful wood stove and half bath.  Outside, on top of the lake views you get a fully fenced in yard with two sheds so there is plenty of space to store extra things.  This house is definitely larger than it looks so don't pass it by.  Highest and best by noon on Monday 7/17
Unit Size
1,660 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$142
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1987

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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 #73135815)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jul 18, 2023 In contract -
In contract
Jul 13, 2023 Listed by BKaye Realty $235,000
Listed by BKaye Realty
Mar 14, 2012 Sold
Premium
Sold
Nov 30, 2011 Listed by BKaye Realty $104,000
Listed by BKaye Realty
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 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: 4,748
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEMONT TERRACE
  • Land Acres: 0000000109
  • 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: 800101

Zoning

  • Zoning: R1

Geography

  • Account Number: 79350023
  • Parcel: SPRI S:07935 P:0023
  • Municipality: SPRINGFIELD
  • Latitude: 42.1457
  • Longitude: -72.5159

    Address

  • Full Address: 110 Lorimer St
  • Address - House Number: 110
  • Address - Street Name: Lorimer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Indian Orchard
  • Carrier Code: C003
  • 4-Digit Zip Code: 1817
  • Zip Code: 01151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $345,800

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 262,042
  • High Value: 319,209
  • Low Value: 204,876

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,800
  • Assessed Land Value: $32,700
  • Assessed Improvements Value: $170,100

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39955
  • Previous Sale Recording Date: Mar 14, 2012
  • Previous Sale Amount: $104,000
  • Previous Sale Document Type: O
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 Indian Orchard

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1768 ft²

Average Home Age

92.1 years

Currently For Sale

15 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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73135815

Frequently Asked Questions

When was property at 110 Lorimer Street built and last sold?
The property at 110 Lorimer Street was built in 1987 and last sold on Aug 25, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 110 Lorimer Street is $241,765.
What are some comparable homes to 110 Lorimer Street?
There are currently no comparable homes to 110 Lorimer Street.
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