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Hampshire 01007
505 Allen Rd
$400,000
● House - Off Market

505 Allen Rd

Belchertown, MA 01007
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$388,836
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Welcome to 505 Allen Rd in Belchertown... a bright and airy oversized ranch boasting many updates and upgrades throughout. Enter through the front entry into the living room with fireplace, which opens into the kitchen, offering stainless steel appliances, granite countertops, and more. The kitchen leads to the large family room and primary bedroom suite with walk-in closet and private bathroom. The opposite wing features 3 more bedrooms and a full bath. The lower level offers ample storage, a one car garage, laundry, and a movie room for entertainment. Newer solar panels and the added mini split are a plus. Step into the large back yard and enjoy the back deck and fire pit area! This home has a lot to offer in a great Belchertown location!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$239
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1976

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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 #73116521)

Price History

Date / Event Date Event Price
Jul 19, 2023 Sold
Premium
Sold
Jun 2, 2023 In contract -
In contract
May 26, 2023 Listed by Valley Real Estate Company $389,900
Listed by Valley Real Estate Company
May 5, 2017 Sold
Premium
Sold
Mar 10, 2017 Listed by Valley Real Estate Company $249,900
Listed by Valley Real Estate Company
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 24,394
  • Total Building Area: 2,054
  • Gross Building Area: 2,928
  • Building Area: 2,054
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,054
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000560
  • 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

  • District: 24
  • Parcel: BELC M:107 L:51
  • Lot: 51
  • Municipality: BELCHERTOWN
  • Latitude: 42.301
  • Longitude: -72.4189

    Address

  • Full Address: 505 Allen Rd
  • Address - House Number: 505
  • Address - Street Name: Allen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R004
  • 4-Digit Zip Code: 9161
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $484,900

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 396,059
  • High Value: 471,875
  • Low Value: 320,244

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $316,500
  • Assessed Land Value: $61,600
  • Assessed Improvements Value: $254,900

    Sales

  • Current Sale Contract Date: Jul 19, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10720
  • Previous Sale Recording Date: May 05, 2017
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2090 ft²

Average Home Age

71.4 years

Currently For Sale

365 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# 73116521

Frequently Asked Questions

When was property at 505 Allen Road built and last sold?
The property at 505 Allen Road was built in 1976 and last sold on Jul 19, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 505 Allen Road is $391,496.
What are some comparable homes to 505 Allen Road?
There are currently no comparable homes to 505 Allen Road.
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