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Springfield 01119 Sixteen Acres
146 Lumae St
$242,000
● House - Off Market

146 Lumae St

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
990 Ft²
$320,793
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Previous Buyers Financing Fell Through!!! HERE'S YOUR CHANCE!  DONT WAIT!!!!      Love At First Sight!!! Turn-Key Ready!!! New Roof, New Siding, New Windows, NEW HOME!!!   Come visit this beautiful 3Bed 2Bath ranch in the 16Acre area of Springfield.  Upon arrival, you'll find a newly renovated kitchen with stainless steel appliances, eat-in dining room with a spacious living area for plenty of entertaining options. Beautiful hardwood floors flow all through this home, surrounded by updated light fixtures.  Both bathrooms have been beautifully renovated, along with a completely refinished basement, (Additional 600SqFt in Finished Basement).  Once outside you'll find a HUGE YARD, for plenty of family activities!  Don't let this one pass you by!!!  SET UP YOUR SHOWING NOW!!!!
Unit Size
990 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$242
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1955

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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 #72693260)

Price History

Date / Event Date Event Price
Oct 5, 2020 Sold
Premium
Sold
Jul 16, 2020 Listed by Gallagher Real Estate $239,900
Listed by Gallagher Real Estate
Apr 28, 2020 Sold
Premium
Sold
Mar 3, 2020 Listed by Gallagher Real Estate $110,000
Listed by Gallagher Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • 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: 10,485
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 80100023
  • Parcel: SPRI S:08010 P:0023
  • Municipality: SPRINGFIELD
  • Latitude: 42.1216
  • Longitude: -72.5053

    Address

  • Full Address: 146 Lumae St
  • Address - House Number: 146
  • Address - Street Name: Lumae
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2508
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $411,600

    Appraisal Valuation

  • Standard Deviation: 0.1884
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 311,650
  • High Value: 370,370
  • Low Value: 252,931

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,400
  • Assessed Land Value: $49,700
  • Assessed Improvements Value: $191,700

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56957
  • Previous Sale Recording Date: Apr 28, 2020
  • Previous Sale Contract Date: Apr 15, 2020
  • Previous Sale Amount: $128,000
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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: 4 months ago
Data Source: MLS PIN, MLS# 72693260

Frequently Asked Questions

When was property at 146 Lumae Street built and last sold?
The property at 146 Lumae Street was built in 1955 and last sold on Sep 30, 2020 for $245,000.
How much is this home worth?
The estimated value of the home located at 146 Lumae Street is $240,751.
What are some comparable homes to 146 Lumae Street?
There are currently no comparable homes to 146 Lumae Street.
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