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Springfield 01129 Sixteen Acres
49 Lavender Ln
$155,000
● House - Off Market

49 Lavender Ln

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
2 Baths
square feet
920 Ft²
$227,653
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Meticulously maintained 3 bedroom, 2 bath ranch on quiet street in Sixteen Acres, near the Wilbraham line. New roof and gutters as of September 2018. Sliders from the kitchen open to a multi level wood deck overlooking a spacious, flat yard. Hardwood floors throughout first floor.  Basement features a second bathroom, and  finished room with newer carpet (within past 2 years) and heat. Water tank is also new within the past 2 years, the 6 thermostats are new as of September, and there's an attached 1 car garage as well. There's so much to love about this home!
Unit Size
920 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$163
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1972

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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 #72408051)

Price History

Date / Event Date Event Price
Nov 20, 2018 Sold
Premium
Sold
Oct 10, 2018 Listed by Keller Williams Realty $150,000
Listed by Keller Williams Realty
Jul 18, 2003 Sold
Premium
Sold
May 19, 2003 Sold
Premium
Sold
Mar 6, 2003 Listed by Keller Williams Realty $110,000
Listed by Keller Williams Realty
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Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,341
  • Total Building Area: 920
  • Gross Building Area: 920
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 920
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • 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: 801603

Zoning

  • Zoning: R1

Geography

  • Account Number: 75680020
  • Parcel: SPRI S:07568 P:0020
  • Municipality: SPRINGFIELD
  • Latitude: 42.1221
  • Longitude: -72.483

    Address

  • Full Address: 49 Lavender Ln
  • Address - House Number: 49
  • Address - Street Name: Lavender
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Springfield
  • Carrier Code: C034
  • 4-Digit Zip Code: 1708
  • Zip Code: 01129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,000

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 168,685
  • High Value: 198,425
  • Low Value: 138,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,700
  • Assessed Land Value: $55,200
  • Assessed Improvements Value: $210,500

    Sales

  • Current Sale Recording Date: Nov 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69453
  • Previous Sale Recording Date: Jul 18, 2003
  • Previous Sale Amount: $129,900
  • 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 Sixteen Acres

Stats & Trends

Median Asking:

$322,500

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1246 ft²

Average Home Age

52.6 years

Currently For Sale

18 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# 72408051

Frequently Asked Questions

When was property at 49 Lavender Lane built and last sold?
The property at 49 Lavender Lane was built in 1972 and last sold on Jan 1, 1970 for $155,000.
How much is this home worth?
The estimated value of the home located at 49 Lavender Lane is $155,983.
What are some comparable homes to 49 Lavender Lane?
There are currently no comparable homes to 49 Lavender Lane.
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