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South Amherst 01002
71 Mill Lane
$205,000
● House - Off Market

71 Mill Lane

Amherst, MA 01002
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,095 Ft²
$470,628
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Renovated farmhouse w/ new kitchen, bath, dining room and heated entry way. Very tasteful renovation, kitchen/dining has cathedral ceilings, enameled gas stove in LR. Master BR downstairs w/full bath, 2 tandem BRs upstairs, enclosed front porch.  Two storage sheds out back, one w/electric.  Nice flat yard, across street from Groff Park; 3 min to downtown and Amherst College, 10 min to UMass.  Near bus route, bike trail and hiking trails.  Premier location in Amherst!
Unit Size
1,095 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$201
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1900

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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 #71436111)

Price History

Date / Event Date Event Price
Jan 4, 2013 Sold
Premium
Sold
Sep 17, 2012 Listed by Coldwell Banker Residential Brokerage - Chicopee $219,900
Listed by Coldwell Banker Residential Brokerage - Chicopee
Aug 1, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • 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: 31,761
  • Total Building Area: 1,002
  • Gross Building Area: 1,764
  • Building Area: 1,002
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,002
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD J DELNICKAS
  • Land Acres: 0000000729
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Amherst School District
  • Census Tract: 820801

Geography

  • Account Number: 17C000179
  • District: 8
  • Parcel: AMHE M:0017C B:0000 L:0179
  • Lot: 179
  • Municipality: AMHERST
  • Latitude: 42.3562
  • Longitude: -72.5189

    Address

  • Full Address: 71 Mill Ln
  • Address - House Number: 71
  • Address - Street Name: Mill
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Amherst
  • Carrier Code: R001
  • 4-Digit Zip Code: 2929
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $533,500

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 354,934
  • High Value: 425,910
  • Low Value: 283,957

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $288,200
  • Assessed Land Value: $196,000
  • Assessed Improvements Value: $92,200

    Sales

  • Current Sale Recording Date: Jan 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 01, 2000
  • Previous Sale Amount: $108,000
  • 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 South Amherst

Stats & Trends

Median Asking:

$387,000

Sale Price/ft²

$295

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1314 ft²

Average Home Age

59 years

Currently For Sale

9 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: 4 months ago
Data Source: MLS PIN, MLS# 71436111

Frequently Asked Questions

When was property at 71 Mill Lane built and last sold?
The property at 71 Mill Lane was built in 1900 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 71 Mill Lane is $224,652.
What are some comparable homes to 71 Mill Lane?
There are currently no comparable homes to 71 Mill Lane.
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