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Hampshire 01002
416 Potwine Lane
$350,000
● House - Off Market

416 Potwine Lane

Amherst, MA 01002
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,672 Ft²
$545,548
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Wonderfully private location yet convenient to everything!  One owner 4 bedroom, 2 bath Cape with bonus room over the garage with wood stove and skylight.  Very versatile floorplan with oversized country kitchen and large bedrooms or use one for formal dining or a separate office or study.  The bonus room over the garage offers many uses and could be a home office with separate entrance if that would be helpful.  Well landscaped yard is something to look forward to with mature plantings that will give pleasure from early spring through late fall, and creates a retreat to welcome you home throughout the year.  Don't wait; call now!
Unit Size
1,672 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$215
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1983

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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 #72273803)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
Jan 24, 2018 Listed by Jones Group REALTORS® $359,900
Listed by Jones Group REALTORS®
Dec 2, 1983 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 30,344
  • Total Building Area: 1,672
  • Gross Building Area: 3,694
  • Building Area: 1,672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000697
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Amherst School District
  • Census Tract: 820801

Geography

  • Account Number: 23B000058
  • District: 8
  • Parcel: AMHE M:0023B B:0000 L:0058
  • Lot: 58
  • Municipality: AMHERST
  • Latitude: 42.3334
  • Longitude: -72.5041

    Address

  • Full Address: 416 Potwine Ln
  • Address - House Number: 416
  • Address - Street Name: Potwine
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Amherst
  • Carrier Code: R001
  • 4-Digit Zip Code: 3061
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $874,400

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 541,825
  • High Value: 641,103
  • Low Value: 442,546

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $472,400
  • Assessed Land Value: $186,600
  • Assessed Improvements Value: $285,800

    Sales

  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12755
  • Previous Sale Recording Date: Dec 02, 1983
  • Previous Sale Amount: $75,000
  • 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 Hampshire

Stats & Trends

Median Asking:

$465,000

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2085 ft²

Average Home Age

69.7 years

Currently For Sale

351 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# 72273803

Frequently Asked Questions

When was property at 416 Potwine Lane built and last sold?
The property at 416 Potwine Lane was built in 1983 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 416 Potwine Lane is $368,372.
What are some comparable homes to 416 Potwine Lane?
There are currently no comparable homes to 416 Potwine Lane.
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