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Springfield 01129 Sixteen Acres
150 Old Lane Road
$159,000
● House - Off Market

150 Old Lane Road

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,430 Ft²
$251,093
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Updated 3 Bedroom Ranch on Wilbraham line. Newer Kitchen and Bath. Hardwood floors in Livingroom and Bedrooms. Family room in finished basement with wood burning stove for those chilly nights. Additional room in basement for office space/extra bedroom. Large corner lot with fenced yard and 1 car attached garage. Freshly painted and move in ready.
Unit Size
1,430 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$108
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1972

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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 #72109314)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Jan 17, 2017 Listed by Keller Williams Realty $154,000
Listed by Keller Williams Realty
Jan 22, 1999 Sold
Premium
Sold
Aug 11, 1998 Listed by Keller Williams Realty $79,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • 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: 18
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,050
  • 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
  • Land Acres: 0000000346
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 92700028
  • Parcel: SPRI S:09270 P:0028
  • Municipality: SPRINGFIELD
  • Latitude: 42.1203
  • Longitude: -72.4783

    Address

  • Full Address: 150 Old Lane Rd
  • Address - House Number: 150
  • Address - Street Name: Old Lane
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1511
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $383,600

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 271,463
  • High Value: 329,914
  • Low Value: 213,012

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,000
  • Assessed Land Value: $57,200
  • Assessed Improvements Value: $167,800

    Sales

  • Current Sale Contract Date: Apr 12, 2017
  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210481
  • Previous Sale Recording Date: Jan 22, 1999
  • Previous Sale Amount: $78,900
  • Previous Sale Document Type: 48
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:

$325,000

Sale Price/ft²

$240

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72109314

Frequently Asked Questions

When was property at 150 Old Lane Road built and last sold?
The property at 150 Old Lane Road was built in 1972 and last sold on Apr 12, 2017 for $159,000.
How much is this home worth?
The estimated value of the home located at 150 Old Lane Road is $167,672.
What are some comparable homes to 150 Old Lane Road?
There are currently no comparable homes to 150 Old Lane Road.
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