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Springfield 01151 Indian Orchard
14 Lorimer St
$251,000
● House - Off Market

14 Lorimer St

Springfield, MA 01151
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$259,906
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Updated 3 bedroom, 1 bath home, perfect for first time homeowners! Kitchen and bathroom have been updated as well as fresh paint, new carpets and flooring! There is a great fenced in yard you can access conveniently from the kitchen slider, that opens up to a large deck, perfect for summer night BBQs! Another bonus is the unfinished basement with plenty of ceiling height that could easily be fully finished in the future if you wish, or just use as extra space now! Showings begin at the open house Sunday July 31st, 11-12:30PM! See you there!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$248
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1988

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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 #73019348)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Jul 30, 2022 Listed by Coldwell Banker Realty - Chicopee $249,900
Listed by Coldwell Banker Realty - Chicopee
Apr 29, 2022 Sold
Premium
Sold
Mar 5, 2020 Sold
Premium
Sold
Mar 25, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 5,001
  • 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: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MISISCHIA CONSTR CO INC 03
  • Land Acres: 0000000115
  • 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: 79350003
  • Parcel: SPRI S:07935 P:0003
  • Municipality: SPRINGFIELD
  • Latitude: 42.1472
  • Longitude: -72.5188

    Address

  • Full Address: 14 Lorimer St
  • Address - House Number: 14
  • 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: $360,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2009
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 271,433
  • High Value: 325,988
  • Low Value: 216,878

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,600
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $178,700

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59061
  • Previous Sale Recording Date: Apr 29, 2022
  • Previous Sale Contract Date: Apr 29, 2022
  • Previous Sale Amount: $145,425
  • 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 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# 73019348

Frequently Asked Questions

When was property at 14 Lorimer Street built and last sold?
The property at 14 Lorimer Street was built in 1988 and last sold on Sep 30, 2022 for $251,000.
How much is this home worth?
The estimated value of the home located at 14 Lorimer Street is $250,659.
What are some comparable homes to 14 Lorimer Street?
There are currently no comparable homes to 14 Lorimer Street.
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