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Palmer Town 01095
48 Laurel Rd
$300,000
● House - Off Market

48 Laurel Rd

Palmer, MA 01095
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$327,611
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Welcome home! Lovingly cared for three bedroom two full bath Dutch Colonial ready for it's new owners. Located in a highly sought after neighborhood in Palmer. You get the best of both worlds, just minutes off of Boston Road with all it has to offer, yet nestled in a lovely wooded lot that offers privacy and quiet. This charming  home is bright and beautiful with lots of natural light and gleaming wood floors. In the winter keep yourself toasty and warm by the recently installed pellet stove while also keeping  your utility bills low. Spacious bedrooms, first floor laundry, large two car garage and partially finished basement, this home has so much to offer! Run, don't walk, homes like this do not last long!  *Best and Final due 4/18/2021 by 8pm*
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$172
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1966

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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: 5 years ago (MLSPIN #72806230)

Price History

Date / Event Date Event Price
Jun 4, 2021 Sold
Premium
Sold
Mar 31, 2021 Listed by ERA Key Realty Services- Spenc $279,999
Listed by ERA Key Realty Services- Spenc

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 22,154
  • Total Building Area: 1,632
  • Gross Building Area: 3,764
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000509
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810300

Geography

  • Parcel: PALM M:10 B:10
  • Block: 10
  • Municipality: PALMER
  • Latitude: 42.1634
  • Longitude: -72.3884

    Address

  • Full Address: 48 Laurel Rd
  • Address - House Number: 48
  • Address - Street Name: Laurel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wilbraham
  • Carrier Code: R004
  • 4-Digit Zip Code: 9708
  • Zip Code: 01095

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $548,400

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 353,884
  • High Value: 424,406
  • Low Value: 283,362

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,100
  • Assessed Land Value: $63,800
  • Assessed Improvements Value: $214,300

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 226485
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 Palmer Town

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$224

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2255 ft²

Average Home Age

73.1 years

Currently For Sale

30 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: 5 years ago
Data Source: MLS PIN, MLS# 72806230

Frequently Asked Questions

When was property at 48 Laurel Road built and last sold?
The property at 48 Laurel Road was built in 1966 and last sold on Jun 4, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 48 Laurel Road is $0.
What are some comparable homes to 48 Laurel Road?
There are currently no comparable homes to 48 Laurel Road.
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