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Hampshire 01002
424 Potwine Lane
Photo of 424 Potwine Lane

1

Map

$179,900
● House - Off Market

424 Potwine Lane

Amherst, MA 01002
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,916 Ft²
$1,189
Est. Monthly

About This Property

A serious fixer upper A Frame style house with charm and character. Private location.  The first floor has a full bath plus one large open space (w/ wood floor) with studio type kitchen,  dining area and living area. There are two rooms on the 2nd floor. There is a lower level with three rooms plus a 2nd bath. ( two of these rooms need new flooring.) Currently this lower level is not accessible from the upper floors. It has a separate entrance at the rear of the house.  Sold "as is."
Unit Size
1,916 Ft²
Days on Market
-
Land Size
0.86 acres
Price per sqft
$94
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1940

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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: 2 months ago (MLSPIN #71143418)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold
Premium
Sold
Oct 2, 2023 In contract -
In contract
Sep 21, 2023 Listed by Prudential Sawicki Real Estate $263,500
Listed by Prudential Sawicki Real Estate
Nov 1, 2022 Sold
Premium
Sold
Oct 14, 2022 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 37,265
  • Total Building Area: 1,061
  • Gross Building Area: 2,544
  • Building Area: 1,061
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,061
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEAN M COOK SURV
  • Land Acres: 0000000855
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 23B000023
  • District: 8
  • Parcel: AMHE M:0023B B:0000 L:0023
  • Lot: 23
  • Municipality: AMHERST
  • Latitude: 42.3337
  • Longitude: -72.5035

    Address

  • Full Address: 424 Potwine Ln
  • Address - House Number: 424
  • Address - Street Name: Potwine
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Amherst
  • Carrier Code: R001
  • 4-Digit Zip Code: 3042
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $465,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2371
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 307,587
  • High Value: 380,531
  • Low Value: 234,643

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $251,200
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $63,600

    Sales

  • Current Sale Contract Date: Nov 13, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17851
  • Previous Sale Recording Date: Nov 01, 2022
  • Previous Sale Contract Date: Oct 31, 2022
  • Previous Sale Amount: $135,068
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$462,500

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2086 ft²

Average Home Age

69.1 years

Currently For Sale

354 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: 2 months ago
Data Source: MLS PIN, MLS# 71143418

Frequently Asked Questions

When was property at 424 Potwine Lane built and last sold?
The property at 424 Potwine Lane was built in 1940 and last sold on Nov 13, 2023 for $263,500.
How much is this home worth?
The estimated value of the home located at 424 Potwine Lane is $267,976.
What are some comparable homes to 424 Potwine Lane?
There are currently no comparable homes to 424 Potwine Lane.
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