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Hampshire 01007
15 Rainbow Drive
$395,000
● House - Off Market

15 Rainbow Drive

Belchertown, MA 01007
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,456 Ft²
$393,888
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Charming Colonial, nestled on a cul-de-sac, surrounded by trails and tranquility, located in a desirable neighborhood!   Welcome to this well-maintained home that offers 3 large bedrooms, 2.5 bathrooms, 2 car garage, and a partially finished basement.  Main level features the kitchen with SS appliances that opens into the dining area, a spacious front to back living room and 1/2 bathroom.  Second level boasts an ample primary suite including bathroom. Two additional bedrooms and full family bathroom.  A partially finished basement, could provide extra area for an office or rec room.  The outdoor area offers a Trex deck, overlooking the private back yard. Only minutes MA Pike.
Unit Size
2,456 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$157
Property Type
House
Property Taxes
$427
HOA Dues
$8
Year Built
1997

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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 #72979594)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold
Premium
Sold
May 11, 2022 Listed by Jones Group REALTORS® $385,000
Listed by Jones Group REALTORS®
Jul 31, 1998 Sold
Premium
Sold
Aug 1, 1997 Listed by Jones Group REALTORS® $163,900
Listed by Jones Group REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,132
  • Total Building Area: 2,110
  • Gross Building Area: 3,376
  • Building Area: 2,110
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,110
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MALLARD ESTATES PH 02
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Belchertown School District
  • School Tax School District: BELCHERTOWN SD
  • Census Tract: 820205

Geography

  • District: 24
  • Parcel: BELC M:260 L:1.047
  • Lot: 1.047
  • Municipality: BELCHERTOWN
  • Latitude: 42.2416
  • Longitude: -72.3739

    Address

  • Full Address: 15 Rainbow Dr
  • Address - House Number: 15
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R003
  • 4-Digit Zip Code: 9799
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,500

    Appraisal Valuation

  • Standard Deviation: 0.199
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 420,109
  • High Value: 503,744
  • Low Value: 336,474

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $368,500
  • Assessed Land Value: $67,300
  • Assessed Improvements Value: $301,200

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14352
  • Previous Sale Recording Date: Jul 31, 1998
  • Previous Sale Amount: $165,775
  • 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 Hampshire

Stats & Trends

Median Asking:

$466,500

Sale Price/ft²

$287

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2068 ft²

Average Home Age

70.4 years

Currently For Sale

342 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72979594

Frequently Asked Questions

When was property at 15 Rainbow Drive built and last sold?
The property at 15 Rainbow Drive was built in 1997 and last sold on Jul 7, 2022 for $395,000.
How much is this home worth?
The estimated value of the home located at 15 Rainbow Drive is $399,964.
What are some comparable homes to 15 Rainbow Drive?
There are currently no comparable homes to 15 Rainbow Drive.
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