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West Springfield Town 01089
41 Lancaster Avenue
$169,500
● House - Off Market

41 Lancaster Avenue

West Springfield, MA 01089
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$258,689
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Tremendous opportunity in this well maintained 3 Bedroom Ranch Style Home w/1 Car Garage located in the desirable Tatham Neighborhood.  This Home offers an Updated Kitchen w/Dining Area, Living Room w/Carpeting over Wood Floors (APO), 3 nice size Bedrooms w/Closets & Full Bathroom off the Hallway.  Gas Heat, Circuit Breakers & Ample Storage in the Walk-Out Basement.  With some TLC, this Home will shine again!  May not pass FHA / VA - This is an As-Is Sale.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$177
Property Type
House
Property Taxes
$247
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 #72309729)

Price History

Date / Event Date Event Price
May 30, 2018 Sold
Premium
Sold
Apr 16, 2018 Listed by Kelley & Katzer Real Estate, LLC $169,900
Listed by Kelley & Katzer Real Estate, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 5,000
  • Total Building Area: 960
  • Gross Building Area: 2,132
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 812404

Geography

  • Account Number: 341-02250-L1-001
  • District: 325
  • Parcel: WSPR M:00341 B:02250 L:000L1
  • Block: 2250
  • Lot: L1
  • Municipality: WEST SPRINGFIELD
  • Latitude: 42.1068
  • Longitude: -72.6559

    Address

  • Full Address: 41 Lancaster Ave
  • Address - House Number: 41
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: West Springfield
  • Carrier Code: C018
  • 4-Digit Zip Code: 2235
  • Zip Code: 01089

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $343,000

    Appraisal Valuation

  • Standard Deviation: 0.2102
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 284,988
  • High Value: 344,888
  • Low Value: 225,088

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $231,600
  • Assessed Land Value: $106,100
  • Assessed Improvements Value: $125,500

    Sales

  • Current Sale Recording Date: May 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29297
  • Previous Sale Recording Date: Mar 22, 2003
  • 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 West Springfield Town

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1768 ft²

Average Home Age

65.9 years

Currently For Sale

28 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# 72309729

Frequently Asked Questions

When was property at 41 Lancaster Avenue built and last sold?
The property at 41 Lancaster Avenue was built in 1972 and last sold on Jan 1, 1970 for $169,500.
How much is this home worth?
The estimated value of the home located at 41 Lancaster Avenue is $174,820.
What are some comparable homes to 41 Lancaster Avenue?
There are currently no comparable homes to 41 Lancaster Avenue.
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