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Springfield 01151 Indian Orchard
74 Lorimer Street
$150,000
● House - Off Market

74 Lorimer Street

Springfield, MA 01151
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,334 Ft²
$240,656
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

TURN THE KEY AND MOVE RIGHT IN to this stunning, completely remodeled & updated home. Located a stone's throw from Lake Lorraine, this 3 Bedroom, 2 Full bathroom home boasts Hardwood flooring on first floor & New carpeting throughout. Updated Kitchen with new cabinets, granite counters & sliding glass door to deck and fenced yard. Property is a must see with Newer Roof, Replacement Windows, Boiler, Hot water heater and Central air w/ 2 zones. All appliances remain!
Unit Size
1,334 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$112
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72150740)

Price History

Date / Event Date Event Price
Jun 19, 2017 Sold
Premium
Sold
Apr 21, 2017 Listed by The Real Estate Market Center $149,900
Listed by The Real Estate Market Center

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    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: 800101

Zoning

  • Zoning: R1

Geography

  • Account Number: 79350015
  • Parcel: SPRI S:07935 P:0015
  • Municipality: SPRINGFIELD
  • Latitude: 42.1463
  • Longitude: -72.517

    Address

  • Full Address: 74 Lorimer St
  • Address - House Number: 74
  • Address - Street Name: Lorimer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Indian Orchard
  • Carrier Code: C003
  • 4-Digit Zip Code: 1817
  • Zip Code: 01151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $380,600

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 287,768
  • High Value: 350,547
  • Low Value: 224,989

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,200
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $190,300

    Sales

  • Current Sale Recording Date: Jun 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 33814
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 Indian Orchard

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1743 ft²

Average Home Age

94.9 years

Currently For Sale

20 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 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72150740

Frequently Asked Questions

When was property at 74 Lorimer Street built and last sold?
The property at 74 Lorimer Street was built in 1929 and last sold on Jan 1, 1970 for $149,500.
How much is this home worth?
The estimated value of the home located at 74 Lorimer Street is $157,916.
What are some comparable homes to 74 Lorimer Street?
There are currently no comparable homes to 74 Lorimer Street.
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