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Northfield 01360
245 North Ln
$195,000
● House - Off Market

245 North Ln

Northfield, MA 01360
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
968 Ft²
$254,884
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

The Cozy Log Cabin on the Ridge.  Updated, insulated, year round water, electric, and heat.  Road is plowed in winter by Northfield .  Private water and Private Sewer...  3 bedroom 1.5 bath with living room, kitchen and great back deck.  Unique items throughout house that give this place charm.  Propane for heat, hot water and cook-top.  Private back yard abuts woods.  Great shed for storage.  Set up for year round living or vacation spot away from the lights.
Unit Size
968 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$200
Property Type
House
Property Taxes
$174
HOA Dues
-
Year Built
1905

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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: 5 years ago (MLSPIN #72739681)

Price History

Date / Event Date Event Price
Dec 3, 2020 Sold
Premium
Sold
Oct 8, 2020 Listed by Keller Williams Realty $194,000
Listed by Keller Williams Realty
Aug 21, 2012 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 9
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,104
  • Gross Building Area: 1,480
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pioneer Valley School District
  • School Tax School District: PIONEER VLY SD
  • Census Tract: 040300

Zoning

  • Zoning: RA

Geography

  • District: 217
  • Parcel: NFLD M:18A B:000A5 L:1
  • Block: A5
  • Lot: 1
  • Municipality: NORTHFIELD
  • Latitude: 42.7084
  • Longitude: -72.437

    Address

  • Full Address: 245 North Ln
  • Address - House Number: 245
  • Address - Street Name: North
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Northfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1100
  • Zip Code: 01360

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $331,800

    Appraisal Valuation

  • Standard Deviation: 0.2616
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 282,359
  • High Value: 356,214
  • Low Value: 208,503

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $244,300
  • Assessed Land Value: $36,200
  • Assessed Improvements Value: $208,100

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Dec 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13216
  • Previous Sale Recording Date: Aug 21, 2012
  • Previous Sale Amount: $68,000
  • 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 Northfield

Stats & Trends

Median Asking:

$472,000

Sale Price/ft²

$216

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3963 ft²

Average Home Age

156.5 years

Currently For Sale

2 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72739681

Frequently Asked Questions

When was property at 245 North Lane built and last sold?
The property at 245 North Lane was built in 1905 and last sold on Nov 19, 2020 for $195,000.
How much is this home worth?
The estimated value of the home located at 245 North Lane is $0.
What are some comparable homes to 245 North Lane?
There are currently no comparable homes to 245 North Lane.
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