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Springfield 01151 Indian Orchard
83 Lorimer St
$290,000
● House - Off Market

83 Lorimer St

Springfield, MA 01151
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,274 Ft²
$1,562
Est. Monthly

About This Property

This 3bed 2 bath is ready for its new owners! Newer Roof, providing peace of mind and durability. Updated Water Heater, ensuring efficiency and reliability. Gas Range and Refrigerator, both replaced within the last 1-3 years (APO). Escape to the upstairs master suite, where luxury meets tranquility. The huge walk-in closet is a fashion lover's dream, and the ensuite bathroom provides the perfect escape after a long day. Partially finished basement adds a bonus room for an office space or playroom. Step outside onto the large wraparound deck, where gatherings become memories against the backdrop of Lake Lorraine. Schedule your showing today before it's SOLD!
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$212
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1948

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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 #73201542)

Price History

Date / Event Date Event Price
Mar 21, 2024 Sold
Premium
Sold
Feb 20, 2024 In contract -
In contract
Feb 12, 2024 Listed by Executive Real Estate, Inc. $269,900
Listed by Executive Real Estate, Inc.
Sep 7, 2007 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,274
  • Gross Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEMONT TERRACE
  • 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: 79350033
  • Parcel: SPRI S:07935 P:0033
  • Municipality: SPRINGFIELD
  • Latitude: 42.1464
  • Longitude: -72.5165

    Address

  • Full Address: 83 Lorimer St
  • Address - House Number: 83
  • Address - Street Name: Lorimer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Indian Orchard
  • Carrier Code: C003
  • 4-Digit Zip Code: 1816
  • Zip Code: 01151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $283,700

    Appraisal Valuation

  • Standard Deviation: 0.087
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 273,887
  • High Value: 297,732
  • Low Value: 250,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,400
  • Assessed Land Value: $32,900
  • Assessed Improvements Value: $133,500

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Mar 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12129
  • Previous Sale Recording Date: Sep 07, 2007
  • Previous Sale Amount: $92,500
  • 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 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# 73201542

Frequently Asked Questions

When was property at 83 Lorimer Street built and last sold?
The property at 83 Lorimer Street was built in 1948 and last sold on Mar 21, 2024 for $290,000.
How much is this home worth?
The estimated value of the home located at 83 Lorimer Street is $274,315.
What are some comparable homes to 83 Lorimer Street?
There are currently no comparable homes to 83 Lorimer Street.
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