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Hampshire 01002
346 Amherst
$245,500
● House - Off Market

346 Amherst

Pelham, MA 01002
bedrooms
2 Beds
bathrooms
1 Bath
square feet
837 Ft²
$1,465
Est. Monthly

About This Property

Welcome Home to this wonderful two-bedroom cottage located just 5 miles from Amherst center. This home was completely renovated in 2015 with many upgrades including a new kitchen, new well, new septic, heat pump for heating and cooling, new metal roof and solar panels (which are owned). The extremely low operating cost of this home could make it a great buy for investors as well. Schedule your showing today and settle into a new home before 2024!
Unit Size
837 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$275
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1964

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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 #73183344)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Nov 30, 2023 In contract -
In contract
Nov 28, 2023 Listed by Castinetti Realty Group $229,800
Listed by Castinetti Realty Group
May 8, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Castinetti Realty Group $189,900
Listed by Castinetti Realty Group
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Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 6
  • Basement Area: 837
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 837
  • Gross Building Area: 2,140
  • Building Area: 837
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 837
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Pelham School District
  • School Tax School District: PELHAM SD
  • Census Tract: 820205

Geography

  • Parcel: PELH M:016 B:00000 L:00140
  • Lot: 140
  • Municipality: PELHAM
  • Latitude: 42.3915
  • Longitude: -72.4106

    Address

  • Full Address: 346 Amherst Rd
  • Address - House Number: 346
  • Address - Street Name: Amherst
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pelham
  • Carrier Code: R008
  • 4-Digit Zip Code: 9714
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $403,100

    Appraisal Valuation

  • Standard Deviation: 0.0896
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 237,201
  • High Value: 258,476
  • Low Value: 215,927

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,700
  • Assessed Land Value: $93,700
  • Assessed Improvements Value: $132,000

    Sales

  • Current Sale Contract Date: Jan 23, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1025
  • Previous Sale Recording Date: May 08, 2015
  • Previous Sale Amount: $185,000
  • 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:

$460,000

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2072 ft²

Average Home Age

70.4 years

Currently For Sale

353 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: 4 months ago
Data Source: MLS PIN, MLS# 73183344

Frequently Asked Questions

When was property at 346 Amherst Road built and last sold?
The property at 346 Amherst Road was built in 1964 and last sold on Jan 23, 2024 for $245,000.
How much is this home worth?
The estimated value of the home located at 346 Amherst Road is $230,636.
What are some comparable homes to 346 Amherst Road?
There are currently no comparable homes to 346 Amherst Road.
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