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Hampshire 01007
231 Summit St
$290,000
● House - Off Market

231 Summit St

Belchertown, MA 01007
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,879 Ft²
$423,846
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

This Impeccably maintained Colonial style home has seen many wonderful updates over the years!!  Enter from the covered front porch into the Beautiful Family Room w/hardwood flooring, fireplace, cathedral ceiling and is nicely open to the kitchen w/newer stainless steel appliances.  Updates include 2 beautifully remodeled baths w/granite countertops, new Buderus boiler, new septic tank and upgraded insulation.  Other great features include a master bedroom w/walk in closet, central air, 2 car attached garage w/new opener, propane fired Generac automatic generator, central vac and a WONDERFUL 4 season sunroom w/cathedral ceiling and skylight that walks out onto the Mahogany deck that overlooks the great rear yard with wooded view!  MAKE YOUR APPOINTMENT TODAY!!
Unit Size
1,879 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$160
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1988

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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: 4 months ago (MLSPIN #72637071)

Price History

Date / Event Date Event Price
May 27, 2020 Sold
Premium
Sold
Mar 23, 2020 Listed by Taylor Agency $299,900
Listed by Taylor Agency
Aug 23, 2018 Sold
Premium
Sold
Jun 5, 2018 Listed by Taylor Agency $295,000
Listed by Taylor Agency
Jan 16, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 966
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,846
  • Total Building Area: 1,687
  • Gross Building Area: 3,533
  • Building Area: 1,687
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,687
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000938
  • 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: 820206

Zoning

  • Zoning: OA4

Geography

  • District: 24
  • Parcel: BELC M:254 L:69
  • Lot: 69
  • Municipality: BELCHERTOWN
  • Latitude: 42.2556
  • Longitude: -72.4253

    Address

  • Full Address: 231 Summit St
  • Address - House Number: 231
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R007
  • 4-Digit Zip Code: 9340
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $565,800

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 402,786
  • High Value: 495,079
  • Low Value: 310,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $369,300
  • Assessed Land Value: $66,700
  • Assessed Improvements Value: $302,600

    Sales

  • Current Sale Contract Date: Apr 29, 2020
  • Current Sale Recording Date: May 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9678
  • Previous Sale Recording Date: Aug 23, 2018
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: O
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:

$463,750

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2086 ft²

Average Home Age

69.1 years

Currently For Sale

354 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72637071

Frequently Asked Questions

When was property at 231 Summit Street built and last sold?
The property at 231 Summit Street was built in 1988 and last sold on Apr 29, 2020 for $290,000.
How much is this home worth?
The estimated value of the home located at 231 Summit Street is $316,802.
What are some comparable homes to 231 Summit Street?
There are currently no comparable homes to 231 Summit Street.
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