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Hampshire 01007
2 Rainbow Dr
Photo of 2 Rainbow Dr
Sold on Aug 15, 2007

1

Map

$315,000
● House - Off Market

2 Rainbow Dr

Belchertown, MA 01007
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,880 Ft²
$563,514
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

Great house in a great family neighborhood.  This property has everything you are looking for!  The basement is a beautifully finished man town. There is a large double deck for cookouts around the new pool. The house style is dramatic with balcony spaces that overlook the livingroom.  The master spa tub will help you feel like you are on vacation every day, or just sit by the fire and enjoy your dream home! This one will go quickly!
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$173
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
2001

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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: 4 months ago (MLSPIN #70584629)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
May 24, 2021 Listed $414,900
Listed
Aug 16, 2007 Sold
Premium
Sold
May 23, 2007 Listed $324,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 806
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,273
  • Total Building Area: 2,204
  • Gross Building Area: 3,206
  • Building Area: 2,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,204
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000465
  • 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

Zoning

  • Zoning: OA4

Geography

  • District: 24
  • Parcel: BELC M:260 L:1.044
  • Lot: 1.044
  • Municipality: BELCHERTOWN
  • Latitude: 42.2418
  • Longitude: -72.373

    Address

  • Full Address: 2 Rainbow Dr
  • Address - House Number: 2
  • 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: $594,400

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 483,382
  • High Value: 572,547
  • Low Value: 394,216

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $388,000
  • Assessed Land Value: $65,400
  • Assessed Improvements Value: $322,600

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18908
  • Previous Sale Recording Date: Aug 16, 2007
  • Previous Sale Amount: $315,500
  • 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 Hampshire

Stats & Trends

Median Asking:

$460,000

Sale Price/ft²

$286

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2073 ft²

Average Home Age

69.1 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: 4 months ago
Data Source: MLS PIN, MLS# 70584629

Frequently Asked Questions

When was property at 2 Rainbow Drive built and last sold?
The property at 2 Rainbow Drive was built in 2001 and last sold on Jul 30, 2021 for $403,200.
How much is this home worth?
The estimated value of the home located at 2 Rainbow Drive is $430,587.
What are some comparable homes to 2 Rainbow Drive?
There are currently no comparable homes to 2 Rainbow Drive.
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