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Northampton 01062
985 Florence Rd
$149,900
● House - Off Market

985 Florence Rd

Northampton, MA 01062
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,618 Ft²
$200,445
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Perfect opportunity for any investor and a great project for the Winter! An amazing opportunity to make this your own and add personal touches! 2 Bedrooms and just over 1600 sq. ft. of living area. Set on over half an acre... it may need work, but there is huge potential. Seller never occupied. Neither seller or agent make any representations as to the accuracy of any information contained herein. Buyer/buyer agent must conduct their own due diligence, verifications and research & are relying solely on the results of same. Buyer responsible for final water, Title 5, smoke detectors, and CO certificate. SOLD AS-IS. CASH OR REHAB LOANS ONLY. Owner-occ & non-profits only considered during 20-day marketing period.
Unit Size
1,618 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$93
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1900

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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 #72621189)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by LAER Realty Partners $387,000
Listed by LAER Realty Partners
Oct 21, 2020 Sold
Premium
Sold
Feb 19, 2020 Listed by LAER Realty Partners $149,900
Listed by LAER Realty Partners
Sep 19, 2018 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,401
  • Total Building Area: 1,701
  • Gross Building Area: 1,618
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000652
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Northampton School District
  • Census Tract: 822200

Zoning

  • Zoning: SR

Geography

  • Parcel: NHAM M:0044 B:0048 L:0001
  • Block: 48
  • Lot: 1
  • Municipality: NORTHAMPTON
  • Latitude: 42.2984
  • Longitude: -72.6739

    Address

  • Full Address: 985 Florence Rd
  • Address - House Number: 985
  • Address - Street Name: Florence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Florence
  • Carrier Code: R004
  • 4-Digit Zip Code: 3655
  • Zip Code: 01062

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $647,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 486,685
  • High Value: 581,221
  • Low Value: 392,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $409,000
  • Assessed Land Value: $82,300
  • Assessed Improvements Value: $326,700

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23436
  • Previous Sale Recording Date: Oct 21, 2020
  • Previous Sale Contract Date: Jul 28, 2020
  • Previous Sale Amount: $149,900
  • Previous Sale Document Type: O
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 Northampton

Stats & Trends

Median Asking:

$540,000

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1908 ft²

Average Home Age

76 years

Currently For Sale

76 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# 72621189

Frequently Asked Questions

When was property at 985 Florence Road built and last sold?
The property at 985 Florence Road was built in 1900 and last sold on Sep 17, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 985 Florence Road is $396,664.
What are some comparable homes to 985 Florence Road?
There are currently no comparable homes to 985 Florence Road.
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