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Hampden
3 Reed Hill Rd
$425,000
● House - Off Market

3 Reed Hill Rd

Wales, MA 01081
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$2,476
Est. Monthly

About This Property

Are you looking for a ready to move-in home in a quiet area? Look no further! Located within walking distance from Lake George this raised ranch has what you looking for! When you walk into the home you will notice new flooring and, a new kitchen with an island! On the other side of the house, you will find 3 bedrooms and a newly renovated bathroom. The finished basement also has a full bath, family room, and utility room with lots of storage space! There is plenty of off-street parking space, a two car garage, and a flat backyard! This home has been recently renovated with many improvements as a new kitchen. bathrooms, flooring, paint, heating system, electrical, siding, deck, sidewalks and more! Don't miss out!
Unit Size
1,864 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$225
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1973

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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: 6 months ago (MLSPIN #73296379)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Nov 5, 2024 In contract -
In contract
Oct 9, 2024 Listed by Real Broker MA, LLC $420,000
Listed by Real Broker MA, LLC
Oct 18, 2023 Sold
Premium
Sold
Aug 30, 2023 Sold
Premium
Sold
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Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,272
  • Total Building Area: 1,192
  • Gross Building Area: 2,560
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001200
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wales School District
  • Census Tract: 813801

Geography

  • Account Number: 14305
  • Parcel: WALE M:1000 B:2730 L:0003-0
  • Block: 2730
  • Lot: 3-0
  • Municipality: WALES
  • Latitude: 42.0573
  • Longitude: -72.2272

    Address

  • Full Address: 3 Reed Hill Rd
  • Address - House Number: 3
  • Address - Street Name: Reed Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wales
  • Carrier Code: H064
  • 4-Digit Zip Code: 9764
  • Zip Code: 01081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,400

    Appraisal Valuation

  • Standard Deviation: 0.1869
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 347,902
  • High Value: 412,949
  • Low Value: 282,856

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $336,100
  • Assessed Land Value: $50,500
  • Assessed Improvements Value: $285,600

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49303
  • Previous Sale Recording Date: Aug 30, 2023
  • Previous Sale Contract Date: Aug 24, 2023
  • Previous Sale Amount: $320,000
  • 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 Hampden

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$229

Above Asking

0.73%

Average Days on Market

55

Average Home Size

2066 ft²

Average Home Age

80.4 years

Currently For Sale

879 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: 6 months ago
Data Source: MLS PIN, MLS# 73296379

Frequently Asked Questions

When was property at 3 Reed Hill Road built and last sold?
The property at 3 Reed Hill Road was built in 1973 and last sold on Oct 16, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 3 Reed Hill Road is $420,632.
What are some comparable homes to 3 Reed Hill Road?
There are currently no comparable homes to 3 Reed Hill Road.
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