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Amherst Center 01002
4 Morrow Lane
$350,000
● House - Off Market

4 Morrow Lane

Amherst, MA 01002
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,100 Ft²
$738,560
RealtyHop Estimate
123.87%
Since Nov 1, 2003
National-US
Primary Model

About This Property

LOVELY HOME TO BE BUILT ON PRETTY LIGHTLY WOODED LOT ON NEW CUL-DE-SAC. WALK TO SCHOOLS, UMASS AND DOWNTOWN.  A RARE OPPORTUNITY TO OWN NEW CONSTRUCTION IN TOWN.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$157
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2002

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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 years ago (MLSPIN #30610924)

Price History

Date / Event Date Event Price
Oct 10, 2003 Sold
Premium
Sold
May 28, 2002 Listed by Jones Group REALTORS® $329,900
Listed by Jones Group REALTORS®

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 20,973
  • Total Building Area: 1,898
  • Gross Building Area: 3,827
  • Building Area: 1,898
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,898
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OWEN FARM
  • Land Acres: 0000000481
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Amherst School District
  • Census Tract: 820500

Geography

  • Account Number: 11B000181
  • District: 8
  • Parcel: AMHE M:0011B B:0000 L:0181
  • Lot: 181
  • Municipality: AMHERST
  • Latitude: 42.3854
  • Longitude: -72.515

    Address

  • Full Address: 4 Morrow Ln
  • Address - House Number: 4
  • Address - Street Name: Morrow
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Amherst
  • Carrier Code: C008
  • 4-Digit Zip Code: 1859
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,183,200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 660,079
  • High Value: 779,382
  • Low Value: 540,777

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $639,200
  • Assessed Land Value: $192,100
  • Assessed Improvements Value: $447,100

    Sales

  • Current Sale Recording Date: Oct 14, 2008
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00022544
  • Previous Sale Recording Date: Oct 10, 2003
  • Previous Sale Amount: $350,000
  • 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 Amherst Center

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1894 ft²

Average Home Age

76.5 years

Currently For Sale

23 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 years ago
Data Source: MLS PIN, MLS# 30610924

Frequently Asked Questions

When was property at 4 Morrow Lane built and last sold?
The property at 4 Morrow Lane was built in 2002 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Morrow Lane is $349,002.
What are some comparable homes to 4 Morrow Lane?
There are currently no comparable homes to 4 Morrow Lane.
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