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Holyoke 01040
71 Lynch Dr
$242,000
● House - Off Market

71 Lynch Dr

Holyoke, MA 01040
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$252,365
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Large 4 Bedroom ranch with attached garage located in a desirable neighborhood close to shopping and major highways. The large living room is freshly painted and has a brand new front door to welcome you home. Spacious kitchen with large eat in area has laminate flooring and a pantry closet. All four bedrooms in this home have hardwood, one has a vinyl floor covering over it and was used as a craft room at one point. Main bathroom has a new laminate floor. The half bath is in the larger bedroom.  Cellar is wide open with a laundry area. newer hotwater heater and working laundry sink. Spacious garage with side entry door leads to the back yard that is mostly fenced in and private.  Great opportunity to afford a large ranch in a wonderful neighborhood.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$196
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1970

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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 #73048678)

Price History

Date / Event Date Event Price
Mar 8, 2023 Sold
Premium
Sold
Feb 15, 2023 In contract -
In contract
Jan 31, 2023 Price Decreased $244,900
↓ $5K (2%)
Price Decreased
Dec 26, 2022 Price Decreased $249,900
↓ $5K (2%)
Price Decreased
Nov 27, 2022 Price Increased $254,900
↑ $10K (4.1%)
Price Increased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,248
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,248
  • Gross Building Area: 2,832
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holyoke School District
  • School Tax School District: HOLYOKE SD
  • Census Tract: 812104

Zoning

  • Zoning: R-1A

Geography

  • Parcel: HOLY M:0165 B:0000 L:54
  • Lot: 54
  • Municipality: HOLYOKE
  • Latitude: 42.1828
  • Longitude: -72.6401

    Address

  • Full Address: 71 Lynch Dr
  • Address - House Number: 71
  • Address - Street Name: Lynch
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Holyoke
  • Carrier Code: C022
  • 4-Digit Zip Code: 2829
  • Zip Code: 01040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $350,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 274,727
  • High Value: 324,164
  • Low Value: 225,291

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,900
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $126,900

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10609
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 Holyoke

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2307 ft²

Average Home Age

100.5 years

Currently For Sale

51 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

Unit for rent at 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73048678

Frequently Asked Questions

When was property at 71 Lynch Drive built and last sold?
The property at 71 Lynch Drive was built in 1970 and last sold on Mar 8, 2023 for $242,000.
How much is this home worth?
The estimated value of the home located at 71 Lynch Drive is $245,663.
What are some comparable homes to 71 Lynch Drive?
There are currently no comparable homes to 71 Lynch Drive.
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