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Springfield 01119 Boston Road
48 Lucerne
$176,000
● House - Off Market

48 Lucerne

Springfield, MA 01119
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,080 Ft²
$274,522
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

This young ranch was just  built in 2016 and features granite counters and stainless steel appliances  in attractive kitchen. The living room has cathedral ceilings with triangular windows allowing extra light and opens to dining room with sliders to fantastic deck.  Home was designed for today's living!  Master bedroom is spacious and has an ensuite bath with beautifully tiled shower.  Additional 2 bedrooms are spacious and are situated to have privacy from other bedrooms.   Additional bath also has fully tiled tub/shower.  Open floor plan for entertaining.  Neutral decor and move in ready.  Lower level could easily be finished to add additional square footage for another bedroom and family room.  Great condo alternative!  Don't miss the open house- showings begin on Sunday 2/24 from 12:30-2:00.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$171
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
2016

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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 months ago (MLSPIN #72455923)

Price History

Date / Event Date Event Price
May 1, 2019 Sold
Premium
Sold
Feb 21, 2019 Listed by Keller Williams Realty $185,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 5,001
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,068
  • 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: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 801503

Zoning

  • Zoning: R1

Geography

  • Account Number: 79800010
  • Parcel: SPRI S:07980 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.1392
  • Longitude: -72.5002

    Address

  • Full Address: 48 Lucerne Rd
  • Address - House Number: 48
  • Address - Street Name: Lucerne
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Springfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1823
  • Zip Code: 01119

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $390,100

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 270,710
  • High Value: 325,150
  • Low Value: 216,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,800
  • Assessed Land Value: $38,300
  • Assessed Improvements Value: $190,500

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22459
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 Boston Road

Stats & Trends

Median Asking:

$309,900

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1610 ft²

Average Home Age

64 years

Currently For Sale

6 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 months ago
Data Source: MLS PIN, MLS# 72455923

Frequently Asked Questions

When was property at 48 Lucerne Road built and last sold?
The property at 48 Lucerne Road was built in 2016 and last sold on Apr 29, 2019 for $176,000.
How much is this home worth?
The estimated value of the home located at 48 Lucerne Road is $189,499.
What are some comparable homes to 48 Lucerne Road?
There are currently no comparable homes to 48 Lucerne Road.
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