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West Springfield Town 01089
324 Lancaster Ave
$306,000
● House - Off Market

324 Lancaster Ave

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,021 Ft²
$302,752
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This gorgeous 3-bedroom ranch is completely remodeled & situated in a beautiful neighborhood. Large living room has picture window and stone fireplace, dine-in kitchen has granite counters, S/S appliances and French doors to a relaxing heated and insulated 3-season porch with sliders. Down the hall are 3 good-sized bedrooms and a beautifully finished full bath. Refinished hardwoods run throughout! More storage available in the walk-up attic. Downstairs is a large basement with finished half bath. New roof, electric panel, water heater, insulation and siding. Gas heat, central air, HUGE fenced in backyard, attached garage and lovely tiered front yard with newer stone wall and covered front porch.
Unit Size
1,021 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$274
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #72923755)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Nov 30, 2021 Listed by Keller Williams Realty $279,900
Listed by Keller Williams Realty
Oct 8, 2019 Sold
Premium
Sold
Jul 23, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 10,925
  • Total Building Area: 1,038
  • Gross Building Area: 2,373
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,038
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: West Springfield School District
  • School Tax School District: W SPRINGFLD SD
  • Census Tract: 812403

Geography

  • Account Number: 341-04750-L2-001
  • District: 325
  • Parcel: WSPR M:00341 B:04750 L:000L2
  • Block: 4750
  • Lot: L2
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1141
  • Longitude: -72.6526

    Address

  • Full Address: 324 Lancaster Ave
  • Address - House Number: 324
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C018
  • 4-Digit Zip Code: 2255
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $366,500

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 298,279
  • High Value: 356,850
  • Low Value: 239,707

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $247,500
  • Assessed Land Value: $108,800
  • Assessed Improvements Value: $138,700

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2210
  • Previous Sale Recording Date: Oct 08, 2019
  • Previous Sale Contract Date: Oct 08, 2019
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 71
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 West Springfield Town

Stats & Trends

Median Asking:

$367,244

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2026 ft²

Average Home Age

72.5 years

Currently For Sale

33 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: 5 months ago
Data Source: MLS PIN, MLS# 72923755

Frequently Asked Questions

When was property at 324 Lancaster Avenue built and last sold?
The property at 324 Lancaster Avenue was built in 1958 and last sold on Jan 12, 2022 for $306,000.
How much is this home worth?
The estimated value of the home located at 324 Lancaster Avenue is $283,283.
What are some comparable homes to 324 Lancaster Avenue?
There are currently no comparable homes to 324 Lancaster Avenue.
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