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Holyoke 01040
89 Madison Ave
$455,000
● House - Off Market

89 Madison Ave

Holyoke, MA 01040
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,832 Ft²
$405,039
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Location, location, location!  This beautiful colonial with 2 car garage resides on the picturesque Madison Avenue. This home boasts large windows throughout, allowing all the natural light to stream in. The first floor hosts the kitchen with breakfast nook, large dining room with beautiful hardwood floors, a living room with hardwood flooring and a fireplace with the most gorgeous mantel. From there, enter the cozy den to relax with a good book or your favorite television show.  Upstairs you'll find 4 generously sized bedrooms, all with hardwood floors and large windows, an oversized hall linen closet for all your storage needs and a full bath that has been tastefully updated.  Finally, enjoy your outdoor space and inground pool on those beautiful, warm days.
Unit Size
2,832 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$140
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1916

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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 #72994089)

Price History

Date / Event Date Event Price
Jul 26, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by Gallagher Real Estate $395,900
Listed by Gallagher Real Estate
Sep 14, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,312
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,400
  • Total Building Area: 2,832
  • Gross Building Area: 4,352
  • Building Area: 2,832
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,832
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000285
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holyoke School District
  • School Tax School District: HOLYOKE SD
  • Census Tract: 811900

Zoning

  • Zoning: R-1

Geography

  • Parcel: HOLY M:0102 B:0000 L:21
  • Lot: 21
  • Municipality: HOLYOKE
  • Latitude: 42.2207
  • Longitude: -72.625

    Address

  • Full Address: 89 Madison Ave
  • Address - House Number: 89
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Holyoke
  • Carrier Code: C033
  • 4-Digit Zip Code: 2042
  • Zip Code: 01040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $726,800

    Appraisal Valuation

  • Standard Deviation: 0.1819
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 484,124
  • High Value: 572,204
  • Low Value: 396,043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $387,400
  • Assessed Land Value: $75,400
  • Assessed Improvements Value: $312,000

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 45214
  • Previous Sale Recording Date: Sep 14, 1988
  • Previous Sale Amount: $178,600
  • Previous Sale Document Type: 27
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 Holyoke

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$186

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2274 ft²

Average Home Age

94.7 years

Currently For Sale

54 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: 5 months ago
Data Source: MLS PIN, MLS# 72994089

Frequently Asked Questions

When was property at 89 Madison Avenue built and last sold?
The property at 89 Madison Avenue was built in 1916 and last sold on Jul 25, 2022 for $455,000.
How much is this home worth?
The estimated value of the home located at 89 Madison Avenue is $409,239.
What are some comparable homes to 89 Madison Avenue?
There are currently no comparable homes to 89 Madison Avenue.
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