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Hampshire 01007
279 Bay Rd
$517,500
● House - Off Market

279 Bay Rd

Belchertown, MA 01007
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,285 Ft²
$3,130
Est. Monthly

About This Property

On almost an acre, this 4 bedroom, 2.5 bath Colonial is ready for a new owner!  Upon entering, you'll feel right at home!  Hardwood floors throughout the first floor and flexible floor plan are perfect for entertaining.  Comfortable office or formal sitting room, dining room, kitchen with peninsula island/breakfast bar is open to the family room with gas fireplace, access to the backyard and deck, small mudroom, and half bath.  Second floor has large master bedroom with master bath and walk-in closet, (3) additional bedrooms with wall to wall carpet and large closets, and main bath with second floor laundry!  Oversized 2-car garage, shed, and owned propane tank add to the value!  Close to Metacomet Lake, Arcadia Lake and Lake Holland offering additional entertainment options!  Don't miss this great home.
Unit Size
2,285 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$230
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
2005

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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 months ago (MLSPIN #73257030)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Aug 24, 2024 In contract -
In contract
Jul 16, 2024 Price Decreased $525,000
↓ $15K (2.8%)
Price Decreased
Jul 5, 2024 Price Increased $540,000
↑ $15K (2.9%)
Price Increased
Jun 25, 2024 Listed by RE/MAX Connections $525,000
Listed by RE/MAX Connections
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 964
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,192
  • Total Building Area: 2,285
  • Gross Building Area: 4,128
  • Building Area: 2,285
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,285
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000969
  • 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

  • Account Number: 22302
  • District: 24
  • Parcel: BELC M:106 L:92.02
  • Lot: 92.02
  • Municipality: BELCHERTOWN
  • Latitude: 42.302
  • Longitude: -72.4339

    Address

  • Full Address: 279 Bay Rd
  • Address - House Number: 279
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R004
  • 4-Digit Zip Code: 9762
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $662,000

    Appraisal Valuation

  • Standard Deviation: 0.1863
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 518,223
  • High Value: 614,769
  • Low Value: 421,677

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $432,100
  • Assessed Land Value: $64,900
  • Assessed Improvements Value: $367,200

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16055
  • Previous Sale Recording Date: Oct 06, 2021
  • Previous Sale Contract Date: Oct 06, 2021
  • Previous Sale Amount: $415,000
  • 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:

$465,000

Sale Price/ft²

$286

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2083 ft²

Average Home Age

71.5 years

Currently For Sale

363 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 months ago
Data Source: MLS PIN, MLS# 73257030

Frequently Asked Questions

When was property at 279 Bay Road built and last sold?
The property at 279 Bay Road was built in 2005 and last sold on Jul 29, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 279 Bay Road is $531,864.
What are some comparable homes to 279 Bay Road?
There are currently no comparable homes to 279 Bay Road.
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