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Springfield 01119 Sixteen Acres
42 Lumae St
$112,600
● House - Off Market

42 Lumae St

Springfield, MA 01119
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$174,136
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Sixteen Acres Cape with rear Dormer priced $28,000 below city assessed valuation. You just do not see that in this faster moving marketplace. Minor cosmetics needed such as painting and flooring. Updating the bathrooms and kitchen will also give you instant equity. With Multiple Offers, the seller has given permission to call for Highest and Best from all buyers by 1:00p.m. on Wednesday July 5th. Thanks.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$81
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1950

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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: 4 months ago (MLSPIN #72185107)

Price History

Date / Event Date Event Price
Aug 3, 2017 Sold
Premium
Sold
Jun 19, 2017 Listed by Coldwell Banker Residential Brokerage - Longmeadow $109,200
Listed by Coldwell Banker Residential Brokerage - Longmeadow
Feb 14, 2017 Sold
Premium
Sold
Oct 23, 2000 Sold
Premium
Sold
Aug 26, 2000 Listed by The Real Estate Market Center $89,900
Listed by The Real Estate Market Center
ATTRACTIVE 6 RM ALUM SIDED CAPE. GREAT DIN RM, COULD BE 4TH BEDRM. REC ROOM. BAY WINDOW IN LIV RM. OVEN & RANGE IN KITCHEN, MUCH HARDWOOD FLOORS. LOVELY YARD WITH LARGE SHED & TREEHUT. CONVENIENT TO ALL.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 801602

Zoning

  • Zoning: R1

Geography

  • Account Number: 80100008
  • Parcel: SPRI S:08010 P:0008
  • Municipality: SPRINGFIELD
  • Latitude: 42.1187
  • Longitude: -72.505

    Address

  • Full Address: 42 Lumae St
  • Address - House Number: 42
  • Address - Street Name: Lumae
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 2506
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $311,800

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 251,492
  • High Value: 305,955
  • Low Value: 197,028

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,900
  • Assessed Land Value: $49,000
  • Assessed Improvements Value: $133,900

    Sales

  • Current Sale Recording Date: Aug 03, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44583
  • Previous Sale Recording Date: Feb 14, 2017
  • Previous Sale Amount: $152,310
  • Previous Sale Document Type: 34
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 Sixteen Acres

Stats & Trends

Median Asking:

$324,999

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1240 ft²

Average Home Age

53.6 years

Currently For Sale

19 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 months ago
Data Source: MLS PIN, MLS# 72185107

Frequently Asked Questions

When was property at 42 Lumae Street built and last sold?
The property at 42 Lumae Street was built in 1950 and last sold on Jan 1, 1970 for $112,600.
How much is this home worth?
The estimated value of the home located at 42 Lumae Street is $120,168.
What are some comparable homes to 42 Lumae Street?
There are currently no comparable homes to 42 Lumae Street.
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