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Springfield 01129 Sixteen Acres
5 Lavender Ln
$290,000
● House - Off Market

5 Lavender Ln

Springfield, MA 01129
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,236 Ft²
$1,777
Est. Monthly

About This Property

Back on market, buyers couldn't secure financing. Motivated seller! Home warrant included. This cozy ranch located in one of the most desirable neighborhoods of Springfield, boarding the Wilbraham line, is ready for its new owner(s). Enjoy 1236 sqft of one level living with room to expand in the partially finished basement, if needed. The picture window allows in an abundance of natural light, ideal for the plant lovers, and the hardwood floors go throughout the home. Relax on the covered back deck or entertain in your large fenced in backyard. All finacing accepted (Cash, Conv., FHA, VA, etc.) Come see all that the space has to offer and schedule your showing!
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$235
Property Type
House
Property Taxes
$353
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 #73154146)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Jan 7, 2024 In contract -
In contract
Nov 11, 2023 Price Increased $290,000
↑ $132K (83.5%)
Price Increased
Oct 17, 2023 Relisted $158,000
Relisted
Sep 7, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 15,425
  • Total Building Area: 1,236
  • Gross Building Area: 1,236
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000354
  • 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: 75680030
  • Parcel: SPRI S:07568 P:0030
  • Municipality: SPRINGFIELD
  • Latitude: 42.1219
  • Longitude: -72.4846

    Address

  • Full Address: 5 Lavender Ln
  • Address - House Number: 5
  • 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: $423,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 280,849
  • High Value: 305,382
  • Low Value: 256,316

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,400
  • Assessed Land Value: $57,400
  • Assessed Improvements Value: $191,000

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4300
  • Previous Sale Recording Date: Aug 05, 2016
  • Previous Sale Amount: $158,000
  • Previous Sale Document Type: 71
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

51

Average Home Size

1195 ft²

Average Home Age

56.3 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73154146

Frequently Asked Questions

When was property at 5 Lavender Lane built and last sold?
The property at 5 Lavender Lane was built in 1972 and last sold on Jan 31, 2024 for $290,000.
How much is this home worth?
The estimated value of the home located at 5 Lavender Lane is $285,605.
What are some comparable homes to 5 Lavender Lane?
There are currently no comparable homes to 5 Lavender Lane.
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