NOT LISTED FOR SALE

22 Prospect St Adams, MA 01220

Adams Area
10 Beds
5 Baths
3,780 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: October 16, 2024

Last sale price $340,000 $90 Per Sq Ft

203 Days on Market

Highlights

  • Wood Flooring
  • Public Transportation
  • Hot Water Heating System
  • Porch

About This Home

As of October 2024

11.23% Cap Rate, based on actual numbers!! This fully de-leaded Investment property promises both financial prosperity and minimal landlord responsibilities. Utilities are all modern and separately metered. This is a great opportunity to own a five-family investment property that combines a strong cap rate with ease of management. Secure your foothold in the Adams real estate market and unlock the potential for long-term financial success. Schedule a viewing today to explore this investment prospect firsthand! Apartment photos are Unit #30 which has been recently renovated and rented.

Last Agent to Sell the Property

Corey Bishop

BISHOP WEST REAL ESTATE License #9559670 Listed on: 02/03/2024

Last Buyer's Agent

Derek Strzepa

NOCHER REALTY License #9520386

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,964

Year Built

  • 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 51.48 x 163.68

Home Design

  • 3,780 Sq Ft Home
  • Wood Frame Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Porch

Schools

  • Hoosac Valley Elementary School
  • Hoosac Valley Middle & High School

Utilities

  • Furnace
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Public Transportation
  • 6 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,964

Year Built

1880

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Type: Multi-Family
  • Style: Other
  • Condition: Other
  • Construction: Wood Frame
  • Directions: From the South:Take Route 8 North into Adams. Turn LEFT after Cumberland Farms onto Prospect St. The Property is on your left.From the North:Take Route 8 South through Adams. Turn RIGHT before Cumberland Farms onto Prospect St. The Property is on your Left.
  • Marketing Headline: Fully De-Leaded!! Over 10% Cap Rate!!
  • Year Built Description: Approximate
  • Unit Style: Other
  • Right Of Way: No
  • Property Water Features: River View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 5.00
  • Total Full Baths: 5
  • Basement: Dirt Floor, Interior Access
  • Floor: Wood, Laminate
  • Sq Ft Liv Apx: 3780.00

Exterior Features

  • Exterior Amenities: Porch, Public Transportation within 1/2 Mile
  • Roof: Asphalt, Fiberglass
  • Exterior Siding: Vinyl

Garage/Parking

  • Parking Spaces Type: On-Street
  • Garage: None

Utilities

  • Electric Type: 200 Amp, Individual Meter, Circuit Breaker
  • Fuel: Nat Gas
  • Hot Water: Nat Gas
  • Internet Service: Cable Available
  • Sewer: Public
  • Underground Oil Tank: Unk
  • Water: Public
  • Flood Hazard Area: Unk
  • Electric Meters Number: 6
  • Heat Cool Vent: Furnace, Hot Water
  • Heat Cool Vent Air Exchange System: No

Condo/Co-op/Association

  • H O A Fee Includes: None
  • Mandatory HOA: No

Lot Info

  • Estimated Acres: 0.19
  • Total Assessed Value: 169100.00
  • Assessed Year: 2023.00
  • Lot Size Sq Ft: 8276.00
  • Map Ref: 119-0277-00
  • Right To Farm Comm: Yes
  • Zoning: Residential
  • Land Use Water Shed: No
  • Lot Dimensions: 51.48 x 163.68

Rental Info

  • Included In Rent: None

Tax Info

  • Taxes: 2964.26
  • Tax Year: 2024

Multi Family

  • No Of Units: 5 Family

MLS Schools

  • Elementary School: Hoosac Valley Elementary
  • High School: Hoosac Valley Middle & High School
  • Middle School: Hoosac Valley Middle & High School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2024
Closed on
Oct 16, 2024
Sold by
Jp Parent Co Llc
Bought by
Seller's Agent
Corey Bishop
BISHOP WEST REAL ESTATE
Buyer's Agent
Derek Strzepa
NOCHER REALTY
List Price
$409,900
Sold Price
$340,000
Premium/Discount to List
-$69,900
-17.05%
Views
164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Outstanding Balance
$393,394
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 3, 2022
Closed on
Sep 19, 2022
Sold by
Cloud City Properties Llc
Bought by
Jp Parent Co Llc
Seller's Agent
Michele Purcell
Lamacchia Realty, Inc. - Dalton
Buyer's Agent
Charles Barnes
LIFEGUARD REALTY INC
List Price
$360,000
Sold Price
$330,000
Premium/Discount to List
-$30,000
-8.33%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.45%
Original Mortgage
$264,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 21, 2017
Closed on
Mar 8, 2018
Sold by
Waterman Francis and Waterman Jennifer L
Bought by
Cloud City Properties
Seller's Agent
Deb Trzcinski
Lamacchia Realty, Inc. - Adams
Buyer's Agent
Christina Randall
ELDER & ASSOCIATES, LLC
List Price
$159,900
Sold Price
$125,000
Premium/Discount to List
-$34,900
-21.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.84%
Original Mortgage
$100,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2007
Sold by
Adams Coop Bank
Bought by
Waterman Francis and Waterman Jennifer L

Purchase Details

Closed on
Nov 3, 2006
Sold by
Prospect Street Rt and Adams Coop Bk
Bought by
Adams Coop Bk

Purchase Details

Closed on
Dec 4, 2001
Sold by
Rowland Peter
Bought by
Prospect St Nt and Borer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.66%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$345,000 None Available
Jp Parent Co Llc $330,000 None Available
Cloud City Properties $125,000 --
Waterman Francis $90,000 --
Adams Coop Bk $7,000 --
Prospect St Nt $30,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $401,250
Previous Owner -- $264,000
Previous Owner Cloud City Properties $100,000
Previous Owner Prospect St Rt $25,000
Previous Owner Prospect St Nt $10,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $340,000 -6.8% $90 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $365,000 -8.7% $97 / Sq Ft
04/16/2024 04/16/24 Price Changed $399,900 -2.4% $106 / Sq Ft
03/13/2024 03/13/24 For Sale $409,900 0.0% $108 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $409,900 +24.2% $108 / Sq Ft
09/19/2022 09/19/22 Sold $330,000 -8.3% $70 / Sq Ft View Prior Sale
08/06/2022 08/06/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $360,000 0.0% $77 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
04/09/2022 04/09/22 Price Changed $360,000 -8.9% $77 / Sq Ft
03/08/2022 03/08/22 For Sale $395,000 0.0% $84 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $395,000 +216.0% $84 / Sq Ft
03/08/2018 03/08/18 Sold $125,000 -21.8% $27 / Sq Ft View Prior Sale
01/15/2018 01/15/18 Pending -- -- --
04/21/2017 04/21/17 For Sale $159,900 -- $34 / Sq Ft
Source: Berkshire County Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,589 $328,600 $40,100 $288,500
2024 $5,816 $331,600 $37,600 $294,000
2023 $3,137 $169,100 $34,600 $134,500
2022 $3,050 $146,000 $30,100 $115,900
2021 $2,859 $126,400 $30,100 $96,300
2020 $3,009 $137,500 $30,100 $107,400
2019 $2,941 $137,500 $30,100 $107,400
2018 $3,045 $137,100 $30,100 $107,000
2017 $2,930 $137,100 $30,100 $107,000
2016 $2,321 $108,500 $30,100 $78,400
2015 $2,421 $113,300 $31,700 $81,600
2014 $2,260 $113,300 $31,700 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 242473

Berkshire County Board of REALTORS®

APN: ADAM M:000119 P:000277

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