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3 Lance Ln Wilbraham — Photo 1 of 1

3 Lance Ln Wilbraham — Photo 1 of 1

$499,000

Investment Analysis — 3 Lance Ln

Wilbraham, MA 01095

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01095 carries an estimated $2,120/mo in gross rent — about a 2.40% cap rate and $11,958/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,710

Style

Single Family

Built

1962

SENSATIONAL SOLAR SAVINGS! Expect to be impressed as you make your way through this home! As you enter the front door you'll notice the spacious open floor plan starting with the living room, where you'll find gleaming hardwood floors, a large bay window, custom built-ins, and a cast-iron wood-burning insert with a fan system that creates a cozy setting for everyday relaxation and gatherings. The living room flows into the dining area, featuring decorative beadboard and stylish floating shelves that add character. The beautifully remodeled kitchen offers white cabinetry, stainless steel appliances, quartz countertops, and direct access to a moderately sized deck. From the deck, and a phenomenal screened-in porch, which has been transformed into an outdoor home theater perfect for movie nights, entertaining, or enjoying the outdoors in comfort. Beyond the main living spaces, the Den features a beautiful brick fireplace and provides a welcoming transition into the home. Both full bathrooms have been tastefully remodeled. Convenient first floor living - a spacious bedroom and full bath, the second floor features two generously sized bedrooms along with a modernized full bath; one bedroom even offers the potential for a spacious walk-in closet. Additional Updates and features as per seller include: Some Hardwood Flooring, Exterior Freshly Painted, Gutters, Replacement Windows, Foam Board Insulation added in Basement (2024), Garage Door/Opener (2024), Roof (2024), Central Air Installed (2024), HVAC System (2024), Water Heater Replaced (2024), Cast-Iron Wood Stove (2024), Water Filtration System (2024), Solar Panels (OWNED 2024), Two Tesla Powerwalls purchased in 2021 and installed in (2024) providing battery backup power with approximately five years remaining on the warranty, Driveway (2024), Epoxy Floors in Garage (2024) Renovated 2nd Floor Bath with Larger Shower (2024). Meticulously maintained, thoughtful updates, character, functional living spaces, and distinctive amenities make this home truly special.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 855 sq ft (the lesser of 900 sq ft or half the 1,710 sq ft principal dwelling). Lot size: 24,000 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

No longer available to tour

Property Details

Financials

Original Price--
Annual Taxes$7,376

Parking

Garage2
Off-Street11

Interior Specifications

Total Rooms6
Fireplaces2
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Crawl Space, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Electric Baseboard, Natural Gas, Fireplace(s)
CoolingCentral Air
WaterPrivate
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR26

Property & Lot

Acres0.55
SqFt Lot24,000
Lot Features--

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

Wood / Coal / Pellet Stove, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan, Lighting - Pendant, Beadboard

Kitchen
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Remodeled, Slider, Stainless Steel Appliances, Lighting - Pendant

Primary Bedroom
Lvl First

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Remodeled, Lighting - Sconce

Bathroom 2
Lvl Second

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Overhead

Listing Provided By

Listing Agent: Team Cuoco

Listing Office: Cuoco & Co. Real Estate

MLS® Number: 73583145