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Hampshire 01002
563 Bay Road
$325,000
● House - Off Market

563 Bay Road

Amherst, MA 01002
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,548 Ft²
$505,605
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

This impressive South Amherst home with recent red cedar shake roof and large central chimney with 4 flues imparts a message that this is not a " cookie cutter "colonial.  Set back 300 ft from the road and adjacent to Top Notch Farm and Norwattuck conservation land, it has easy access to outdoor activities. There are attractive hardwood floors throughout, a new kitchen with granite counters and stainless steel appliances, paneled doors, oversize framing elements and corner posts, Marvin Low-e custom  windows, and 7 skylites.  An attached artist/office studio with separate utilities offers a variety of uses as well as being an ideal in-law apartment.  A great value for the discerning buyer.
Unit Size
2,548 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$131
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1984

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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 #72362852)

Price History

Date / Event Date Event Price
Feb 1, 2019 Sold
Premium
Sold
Jul 16, 2018 Listed by Sawicki Real Estate $334,900
Listed by Sawicki Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • 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: 47,872
  • Total Building Area: 2,528
  • Gross Building Area: 3,904
  • Building Area: 2,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,528
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001099
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Amherst School District
  • Census Tract: 820801

Geography

  • Account Number: 7096
  • District: 8
  • Parcel: AMHE M:0026D B:0000 L:0039
  • Lot: 39
  • Municipality: AMHERST
  • Latitude: 42.3172
  • Longitude: -72.501

    Address

  • Full Address: 563 Bay Rd
  • Address - House Number: 563
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Amherst
  • Carrier Code: R001
  • 4-Digit Zip Code: 3504
  • Zip Code: 01002

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $871,800

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 522,596
  • High Value: 619,329
  • Low Value: 425,862

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,000
  • Assessed Land Value: $161,100
  • Assessed Improvements Value: $309,900

    Sales

  • Current Sale Contract Date: Jan 16, 2019
  • Current Sale Recording Date: Feb 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1863
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:

$459,950

Sale Price/ft²

$286

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2073 ft²

Average Home Age

69.1 years

Currently For Sale

349 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72362852

Frequently Asked Questions

When was property at 563 Bay Road built and last sold?
The property at 563 Bay Road was built in 1984 and last sold on Jan 16, 2019 for $325,000.
How much is this home worth?
The estimated value of the home located at 563 Bay Road is $357,047.
What are some comparable homes to 563 Bay Road?
There are currently no comparable homes to 563 Bay Road.
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