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Springfield 01119 Sixteen Acres
24 Lumae
$312,500
● House - Off Market

24 Lumae

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,298 Ft²
$295,052
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Welcome to Sixteen Acres! This beautifully updated and well maintained home boasts three bedrooms and two full baths, as well as a fully finished basement that could be used for additional bedrooms, an office space, play room, or entertainment purposes. Custom tiled bathrooms, crown moulding, and fresh paint throughout this house can show you that no expense was spared. Right around the corner from Western New England University which would also make this a great rental for years to come! This house is equipped with forced hot air and central air.
Unit Size
1,298 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$223
Property Type
House
Property Taxes
$252
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: 4 months ago (MLSPIN #73079583)

Price History

Date / Event Date Event Price
Apr 5, 2023 Sold
Premium
Sold
Mar 13, 2023 In contract -
In contract
Feb 26, 2023 Relisted $289,999
Relisted
Feb 25, 2023 In contract -
In contract
Feb 15, 2023 Listed by Lock and Key Realty Inc. $289,999
Listed by Lock and Key Realty Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,298
  • Gross Building Area: 1,298
  • Building Area: 1,298
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 80100005
  • Parcel: SPRI S:08010 P:0005
  • Municipality: SPRINGFIELD
  • Latitude: 42.1182
  • Longitude: -72.5049

    Address

  • Full Address: 24 Lumae St
  • Address - House Number: 24
  • Address - Street Name: Lumae
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2506
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $334,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 283,313
  • High Value: 339,947
  • Low Value: 226,678

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $196,000
  • Assessed Land Value: $49,000
  • Assessed Improvements Value: $147,000

    Sales

  • Current Sale Contract Date: Apr 04, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15357
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

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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# 73079583

Frequently Asked Questions

When was property at 24 Lumae Street built and last sold?
The property at 24 Lumae Street was built in 1950 and last sold on Apr 4, 2023 for $312,500.
How much is this home worth?
The estimated value of the home located at 24 Lumae Street is $298,553.
What are some comparable homes to 24 Lumae Street?
There are currently no comparable homes to 24 Lumae Street.
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