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Hampden
31 Shore Dr
$285,000
● House - Off Market

31 Shore Dr

Wales, MA 01081
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$423,748
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Step back in time to the carefree days of summer in this updated 1930's cottage on Lake George. After generations of memories, this waterfront home being offered for sale. An update in the '90's allowed for year-round living with the addition of insulation, plumbing, wiring, and a 2-car garage. More recent upgrades include heating, drilled well & septic system,  new bathroom, roof, renovations for an open living space. New Pella windows and doors offer a lakeside view from every angle. A 2018  garage renovation included an attached 3-season porch with water views. This level lot with a slightly curved shoreline offers a private space for entertaining. Lake George is a hidden gem of approximately 93 acres and is fully recreational.  Located at the Ct/ Ma.line, it is convenient to Rt. 84 and the Mass Pike.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$317
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1930

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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: 5 months ago (MLSPIN #72527308)

Price History

Date / Event Date Event Price
Aug 9, 2019 Sold
Premium
Sold
Jun 28, 2019 Listed by Sullivan & Company Real Estate, Inc. $289,000
Listed by Sullivan & Company Real Estate, Inc.
Oct 25, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 912
  • Gross Building Area: 1,535
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 14396
  • Parcel: WALE M:1000 B:2850 L:0031-0
  • Block: 2850
  • Lot: 31-0
  • Municipality: WALES
  • Latitude: 42.0555
  • Longitude: -72.2248

    Address

  • Full Address: 31 Shore Dr
  • Address - House Number: 31
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wales
  • Carrier Code: H064
  • 4-Digit Zip Code: 9701
  • Zip Code: 01081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,100

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 407,552
  • High Value: 481,775
  • Low Value: 333,329

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $343,300
  • Assessed Land Value: $102,300
  • Assessed Improvements Value: $241,000

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 44769
  • Previous Sale Recording Date: Oct 25, 2013
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
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:

$349,999

Sale Price/ft²

$228

Above Asking

0.73%

Average Days on Market

55

Average Home Size

2113 ft²

Average Home Age

80.2 years

Currently For Sale

846 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72527308

Frequently Asked Questions

When was property at 31 Shore Drive built and last sold?
The property at 31 Shore Drive was built in 1930 and last sold on Aug 6, 2019 for $285,000.
How much is this home worth?
The estimated value of the home located at 31 Shore Drive is $287,985.
What are some comparable homes to 31 Shore Drive?
There are currently no comparable homes to 31 Shore Drive.
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