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Hampshire
7 Colony Drive
$240,000
● Land - Off Market

7 Colony Drive

Hadley, MA 01035
bedrooms
Studio
bathrooms
0 Bath
$1,360
Est. Monthly

About This Property

A unique opportunity to build your new home on this beautiful 4.7 acre single family building lot with over 200 feet of road frontage located in a rural section of Hadley. Rare opportunity to own an end of the cul-de-sac lot, with acreage and privacy in an eight lot subdivision of luxury homes. Includes public water & electric at street, perc test & septic design. Flat sunny lot ideal for landscaping or large garden and accessory buildings. A must see!
Unit Size
-
Days on Market
-
Land Size
4.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$181
HOA Dues
-
Year Built
-

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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 #73275985)

Price History

Date / Event Date Event Price
Sep 20, 2024 Sold
Premium
Sold
Aug 19, 2024 In contract -
In contract
Aug 9, 2024 Listed by William Raveis R.E. & Home Services $240,000
Listed by William Raveis R.E. & Home Services
A unique opportunity to build your new home on this beautiful 4.7 acre single family building lot with over 200 feet of road frontage located in a rural section of Hadley. Rare opportunity to own an end of the cul-de-sac lot, with acreage and privacy in an eight lot subdivision of luxury homes. Includes public water & electric at street, perc test & septic design. Flat sunny lot ideal for landscaping or large garden and accessory buildings. A must see!
Sep 27, 2021 Sold
Premium
Sold
Jun 11, 2020 Listed by Valley Real Estate Company $229,900
Listed by Valley Real Estate Company
Welcome to Hadley's newest community- Colony Estates. Located just off Shattuck Road, this exclusive 8 lot subdivision of luxury homes is beautifully situated in a wooded area of North Hadley. Convenient, yet private location won't disappoint. Rare opportunity to own an end of cul-de-sac lot, with acreage and privacy. Build your dream home at 7 Colony Drive! Your builder or ours.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 204,676
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000004699
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Hadley School District
  • School Tax School District: HADLEY SD
  • Census Tract: 821400

Zoning

  • Zoning: AR

Geography

  • Account Number: 13-13-1A
  • Parcel: HADL M:0013 B:0013 L:0007
  • Block: 13
  • Lot: 7
  • Municipality: HADLEY
  • Latitude: 42.4221
  • Longitude: -72.5581

    Address

  • Full Address: 7 Colony Rd
  • Address - House Number: 7
  • Address - Street Name: Colony
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Hadley
  • Carrier Code: R012
  • 4-Digit Zip Code: 3563
  • Zip Code: 01035

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $217,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $190,700
  • Assessed Land Value: $190,700

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24112
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

0.01%

Average Days on Market

55

Average Home Size

2085 ft²

Average Home Age

69.7 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# 73275985

Frequently Asked Questions

When was property at 7 Colony Drive built and last sold?
The property at 7 Colony Drive was built in and last sold on Sep 22, 2021 for $219,000.
How much is this home worth?
The estimated value of the home located at 7 Colony Drive is $242,400.
What are some comparable homes to 7 Colony Drive?
There are currently no comparable homes to 7 Colony Drive.
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