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Wilbraham 01095
12 Lake Drive
$87,500
● Land - Off Market

12 Lake Drive

Wilbraham, MA 01095
bedrooms
Studio
bathrooms
0 Bath
$128,421
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

WILBRAHAM! CONVENIENT LOCATION! WATERVIEW! First time available this level cleared lot is ready for you to build your dream home. Located minutes to all Wilbraham amenities and the Boston Road corridor for ease of commuting. Offering public water, public sewer and pretty water view of 5 Mile Pond make this land even  more valuable in town. Quick closing possible.
Unit Size
-
Days on Market
-
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$172
HOA Dues
-
Year Built
2021

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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 #72616742)

Price History

Date / Event Date Event Price
Nov 3, 2021 Sold
Premium
Sold
Aug 19, 2021 Listed by Executive Real Estate, Inc. $544,900
Listed by Executive Real Estate, Inc.
Sep 21, 2020 Sold
Premium
Sold
Feb 6, 2020 Listed by Executive Real Estate, Inc. $95,000
Listed by Executive Real Estate, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,468
  • Total Building Area: 2,236
  • Gross Building Area: 4,108
  • Building Area: 2,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,236
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000447
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hampden-Wilbraham School District
  • School Tax School District: HMPDN-WILBRHM
  • Census Tract: 813601

Zoning

  • Zoning: R15

Geography

  • Account Number: MAP 89
  • Parcel: WILB M:6350 B:12 L:102200
  • Block: 12
  • Lot: 102200
  • Municipality: WILBRAHAM
  • Latitude: 42.1473
  • Longitude: -72.4381

    Address

  • Full Address: 12 Lake Dr
  • Address - House Number: 12
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wilbraham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1163
  • Zip Code: 01095

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,034,200

    Appraisal Valuation

  • Standard Deviation: 0.1879
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 514,612
  • High Value: 611,322
  • Low Value: 417,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $559,000
  • Assessed Land Value: $89,600
  • Assessed Improvements Value: $469,400

    Sales

  • Current Sale Contract Date: Nov 02, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 78343
  • Previous Sale Recording Date: Sep 21, 2020
  • Previous Sale Contract Date: Sep 11, 2020
  • Previous Sale Amount: $87,500
  • 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 Wilbraham

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2946 ft²

Average Home Age

39.8 years

Currently For Sale

18 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: 5 months ago
Data Source: MLS PIN, MLS# 72616742

Frequently Asked Questions

When was property at 12 Lake Drive built and last sold?
The property at 12 Lake Drive was built in 2021 and last sold on Nov 2, 2021 for $540,000.
How much is this home worth?
The estimated value of the home located at 12 Lake Drive is $557,323.
What are some comparable homes to 12 Lake Drive?
There are currently no comparable homes to 12 Lake Drive.
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