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West Springfield Town 01089
129 Lancaster Ave
$225,000
● House - Off Market

129 Lancaster Ave

West Springfield, MA 01089
bedrooms
2 Beds
bathrooms
1 Bath
square feet
832 Ft²
$263,260
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Great location for this 1-2 bedroom ranch with large living room open to kitchen, updated bath, good-sized master bedroom and smaller bedroom perfect for home office. Enjoy the cozy fireplace and hardwood floors in the living room. Kitchen has abundant cabinet space and large peninsula for dining. Back sliders walk out to a private patio and large back yard. Extra features include, one-car garage, vinyl siding, newer architectural roof and gas heat. This property contains two parcels and backs up to Brookline Ave. SO MUCH POTENTIAL here!!
Unit Size
832 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$270
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1950

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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 years ago (MLSPIN #72807278)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
Apr 1, 2021 Listed by Berkshire Hathaway HomeServices Realty Professionals $225,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
Mar 11, 2021 Sold
Premium
Sold
Oct 15, 2015 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 20,000
  • Total Building Area: 858
  • Gross Building Area: 2,292
  • Building Area: 858
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 858
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812404

Geography

  • Account Number: 341-03400-L1-001
  • District: 325
  • Parcel: WSPR M:00341 B:03400 L:000L1
  • Block: 3400
  • Lot: L1
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1091
  • Longitude: -72.655

    Address

  • Full Address: 129 Lancaster Ave
  • Address - House Number: 129
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C018
  • 4-Digit Zip Code: 2235
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $359,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 269,519
  • High Value: 328,032
  • Low Value: 211,006

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $242,900
  • Assessed Land Value: $114,400
  • Assessed Improvements Value: $128,500

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16595
  • Previous Sale Recording Date: Oct 15, 2015
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: 71
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 West Springfield Town

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1799 ft²

Average Home Age

64.6 years

Currently For Sale

28 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 years ago
Data Source: MLS PIN, MLS# 72807278

Frequently Asked Questions

When was property at 129 Lancaster Avenue built and last sold?
The property at 129 Lancaster Avenue was built in 1950 and last sold on Mar 11, 2021 for $196,000.
How much is this home worth?
The estimated value of the home located at 129 Lancaster Avenue is $225,470.
What are some comparable homes to 129 Lancaster Avenue?
There are currently no comparable homes to 129 Lancaster Avenue.
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