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Palmer Town 01080
4 Meadow Lane
$265,000
● House - Off Market

4 Meadow Lane

Palmer, MA 01069
bedrooms
3 Beds
bathrooms
1 Bath
square feet
984 Ft²
$1,477
Est. Monthly

About This Property

PRICED TO SELL!!! Lovely, three-bedroom ranch on a dead-end street! The kitchen was newly remodeled in 2022! Enjoy the new kitchen design that opens the kitchen up to the living room! You will love the huge kitchen island, granite countertops, shaker cabinets and stainless-steel appliances! The spacious living room includes a fireplace with a pellet stove insert. Other updates in 2022- bathroom, roof, gutters, flashing, sliding and exterior doors. Other features: central air, hot tub, and storage shed. Finish the lower level for extra living space! Just minutes to area amenities, MA pike, and other major routes! Do not wait...Make your appointment to tour this home today!
Unit Size
984 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$239
Property Type
House
Property Taxes
$324
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 #73192029)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Premium
Sold
Jan 16, 2024 In contract -
In contract
Jan 9, 2024 Listed by Coldwell Banker Realty - Western MA $234,800
Listed by Coldwell Banker Realty - Western MA

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • 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: 8
  • Basement Area: 1,008
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,360
  • Total Building Area: 984
  • Gross Building Area: 2,088
  • Building Area: 984
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 984
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810300

Geography

  • Parcel: PALM M:79 B:18
  • Block: 18
  • Municipality: PALMER
  • Latitude: 42.1865
  • Longitude: -72.3488

    Address

  • Full Address: 4 Meadow Ln
  • Address - House Number: 4
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Palmer
  • Carrier Code: C004
  • 4-Digit Zip Code: 1126
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $388,700

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 242,291
  • High Value: 263,456
  • Low Value: 221,126

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,100
  • Assessed Land Value: $54,700
  • Assessed Improvements Value: $142,400

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6812
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 Palmer Town

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2287 ft²

Average Home Age

71.7 years

Currently For Sale

29 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: 4 months ago
Data Source: MLS PIN, MLS# 73192029

Frequently Asked Questions

When was property at 4 Meadow Lane built and last sold?
The property at 4 Meadow Lane was built in 1972 and last sold on Jan 18, 2024 for $265,000.
How much is this home worth?
The estimated value of the home located at 4 Meadow Lane is $240,591.
What are some comparable homes to 4 Meadow Lane?
There are currently no comparable homes to 4 Meadow Lane.
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