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Holyoke 01040
2 Ernest Ln
$339,000
● House - Off Market

2 Ernest Ln

Holyoke, MA 01040
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,795 Ft²
$354,210
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Excellent colonial style home that has been well maintained in side and out.  The Seven room, three bedroom, one and half bath Colonial features hardwood flooring, fire placed living room, large deck, fenced in rear yard, gas heat and so much more... Located in Blue Berry Hill and seconds to Ashley Reservoir and access to Mass Pike and Route 91.
Unit Size
1,795 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$189
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1969

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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 #73075049)

Price History

Date / Event Date Event Price
Feb 16, 2023 Sold
Premium
Sold
Feb 1, 2023 Listed by B & B Real Estate $339,000
Listed by B & B Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,488
  • Total Building Area: 1,795
  • Gross Building Area: 3,232
  • Building Area: 1,795
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,795
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holyoke School District
  • School Tax School District: HOLYOKE SD
  • Census Tract: 812101

Zoning

  • Zoning: R-1A

Geography

  • Parcel: HOLY M:0173 B:0000 L:21
  • Lot: 21
  • Municipality: HOLYOKE
  • Latitude: 42.1732
  • Longitude: -72.6517

    Address

  • Full Address: 2 Ernest Ln
  • Address - House Number: 2
  • Address - Street Name: Ernest
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Holyoke
  • Carrier Code: R002
  • 4-Digit Zip Code: 9776
  • Zip Code: 01040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,800

    Appraisal Valuation

  • Standard Deviation: 0.1978
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 337,219
  • High Value: 403,938
  • Low Value: 270,499

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,100
  • Assessed Land Value: $69,800
  • Assessed Improvements Value: $183,300

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Feb 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7474
  • Previous Sale Recording Date: Feb 17, 2016
  • Previous Sale Document Type: 27
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 Holyoke

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$186

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2378 ft²

Average Home Age

99.3 years

Currently For Sale

49 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 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73075049

Frequently Asked Questions

When was property at 2 Ernest Lane built and last sold?
The property at 2 Ernest Lane was built in 1969 and last sold on Feb 16, 2023 for $339,000.
How much is this home worth?
The estimated value of the home located at 2 Ernest Lane is $342,657.
What are some comparable homes to 2 Ernest Lane?
There are currently no comparable homes to 2 Ernest Lane.
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