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Hampshire 01007
16 Grela Ter
$310,000
● House - Off Market

16 Grela Ter

Belchertown, MA 01007
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,326 Ft²
$358,054
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Calling all handy & savvy buyers that having been searching for a waterfront property, but can't find anything in your price range? This property has so much potential for the right buyer who can envision the potential of this property. Gorgeous views of the lake from your deck. The inside needs some cosmetic work. If you enjoy kayaking and fishing this is a MUST SEE PROPERTY.
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$245
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1944

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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: 5 years ago (MLSPIN #72843582)

Price History

Date / Event Date Event Price
Dec 21, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Berkshire Hathaway HomeServices Realty Professionals $325,000
Listed by Berkshire Hathaway HomeServices Realty Professionals

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,326
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,326
  • Gross Building Area: 2,844
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • 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: 820207

Geography

  • District: 24
  • Parcel: BELC M:101 L:58
  • Lot: 58
  • Municipality: BELCHERTOWN
  • Latitude: 42.3175
  • Longitude: -72.4331

    Address

  • Full Address: 16 Grela Ter
  • Address - House Number: 16
  • Address - Street Name: Grela
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R001
  • 4-Digit Zip Code: 9449
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $538,300

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 392,950
  • High Value: 475,771
  • Low Value: 310,128

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $351,400
  • Assessed Land Value: $132,800
  • Assessed Improvements Value: $218,600

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31819
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:

$461,250

Sale Price/ft²

$286

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2073 ft²

Average Home Age

70.8 years

Currently For Sale

349 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72843582

Frequently Asked Questions

When was property at 16 Grela Terrace built and last sold?
The property at 16 Grela Terrace was built in 1944 and last sold on Dec 21, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 16 Grela Terrace is $0.
What are some comparable homes to 16 Grela Terrace?
There are currently no comparable homes to 16 Grela Terrace.
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