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Hampden 01085
281 Main Road
$380,000
● House - Off Market

281 Main Road

Montgomery, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,066 Ft²
$405,952
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Beautiful Dutch set back from the road lovingly owned and maintained by the same family for almost 50 years!  Move right in and enjoy the large yard featuring shade trees, many flowering shrubs/plants, above ground pool, stone wall, gutter leaf guards, large shed, and more.  Inside has 3 large bedrooms, first floor laundry, central vacuum, lots of gleaming wood floors, dry basement, solid wood 6 panel doors, wired for a generator, and a family room with freestanding gas fireplace.  Just far enough away from the city (15 Minutes to downtown Westfield) but close enough for convenience.  Great spot to get some peace and quiet and raise a family.
Unit Size
2,066 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$193
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1970

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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 #73027851)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Feb 2, 2023 In contract -
In contract
Oct 13, 2022 Price Decreased $399,000
↓ $11K (2.7%)
Price Decreased
Sep 27, 2022 Price Decreased $409,900
↓ $15K (3.6%)
Price Decreased
Sep 27, 2022 Price Increased $425,000
↑ $15K (3.7%)
Price Increased
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,719
  • Total Building Area: 2,066
  • Gross Building Area: 4,102
  • Building Area: 2,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,066
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000820
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gateway School District
  • Census Tract: 813002

Geography

  • Parcel: MONT M:1 B:5 L:45
  • Block: 5
  • Lot: 45
  • Municipality: MONTGOMERY
  • Latitude: 42.2264
  • Longitude: -72.8292

    Address

  • Full Address: 281 Main Rd
  • Address - House Number: 281
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Montgomery
  • Carrier Code: R001
  • 4-Digit Zip Code: 9527
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $385,700

    Appraisal Valuation

  • Standard Deviation: 0.1789
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 351,948
  • High Value: 414,918
  • Low Value: 288,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $259,700
  • Assessed Land Value: $63,500
  • Assessed Improvements Value: $196,200

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14825
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 Hampden

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$228

Above Asking

0.73%

Average Days on Market

54

Average Home Size

2133 ft²

Average Home Age

77.7 years

Currently For Sale

822 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: 4 months ago
Data Source: MLS PIN, MLS# 73027851

Frequently Asked Questions

When was property at 281 Main Road built and last sold?
The property at 281 Main Road was built in 1970 and last sold on Mar 31, 2023 for $380,000.
How much is this home worth?
The estimated value of the home located at 281 Main Road is $406,673.
What are some comparable homes to 281 Main Road?
There are currently no comparable homes to 281 Main Road.
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