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Hampshire 01007
531 State Street
$268,000
● House - Off Market

531 State Street

Belchertown, MA 01007
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,142 Ft²
$216,221
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Looking for room to spread out? Dream of owning horses? This one is for you!  This cute split level has an open floor plan waiting for your modern touches to make it great. Eat in kitchen with breakfast bar. Two bedrooms with hardwood floors and an updated bathroom finish out the main level.  The basement is partially finished with interior access to garage under house. Outside features an 8 stall horse barn with tack room. So many possibilities here. Bring your ideas!   HIGHEST AND BEST DUE SATURDAY 12/11/2021 by 5PM
Unit Size
1,142 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$175
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #72925623)

Price History

Date / Event Date Event Price
Jan 28, 2022 Sold
Premium
Sold
Dec 6, 2021 Listed by Real Living Realty Professionals, LLC $199,900
Listed by Real Living Realty Professionals, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 816
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,142
  • Gross Building Area: 1,752
  • Building Area: 1,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,142
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 820206

Geography

  • Account Number: 15025
  • District: 24
  • Parcel: BELC M:252 L:20
  • Lot: 20
  • Municipality: BELCHERTOWN
  • Latitude: 42.2651
  • Longitude: -72.4459

    Address

  • Full Address: 531 State St
  • Address - House Number: 531
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belchertown
  • Carrier Code: R007
  • 4-Digit Zip Code: 9169
  • Zip Code: 01007

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $300,700

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 261,138
  • High Value: 316,178
  • Low Value: 206,099

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $196,300
  • Assessed Land Value: $65,300
  • Assessed Improvements Value: $131,000

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2044
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

0.02%

Average Days on Market

55

Average Home Size

2075 ft²

Average Home Age

70.5 years

Currently For Sale

351 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# 72925623

Frequently Asked Questions

When was property at 531 State Street built and last sold?
The property at 531 State Street was built in 1960 and last sold on Jan 28, 2022 for $268,000.
How much is this home worth?
The estimated value of the home located at 531 State Street is $218,783.
What are some comparable homes to 531 State Street?
There are currently no comparable homes to 531 State Street.
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