514 Old County Rd. Wales — Photo 1 of 40
Recent Drop: $5,000
$494,900
Investment Analysis — 514 Old County Rd.
Wales, MA 01081
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01081 carries an estimated $2,600/mo in gross rent — about a 4.71% cap rate and $23,319/yr in estimated NOI at the $494,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,450
Style
Single Family
Built
2026
New Custom Colonial to be built on a tree-lined street in a newer subdivision on the Holland / Wales town line with an over 1.5 acre lot. 1st floor features a Living room, a bedroom (or use it as an office or den), Kitchen w/ all wood cabinets, island & granite countertops, Dining Room, Bathroom & Laundry. Luxury vinyl plank flooring throughout 1st floor. 2nd floor features a main bedroom with two closets, 2 additional bedrooms & a full bath with tile or LVP flooring. Granite countertops in both bathrooms. 200 amp electrical. Vinyl siding. Walk-out basement with option to finish. Heating system is a dual fuel system. Appx 2 miles to Lake George. Public beach & boat ramp. Pictures are of similar homes builder has constructed & Lake George. Part of the Union 61 / Tantasqua School District. Option to choose finishes. Come make this new home your own!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 725 sq ft (the lesser of 900 sq ft or half the 1,450 sq ft principal dwelling). Lot size: 69,608 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Plumbed For Ice Maker
Neighborhood
Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
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Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
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Lvl SecondProperty History
$494,900
Was $499,900
Jul 13, 2026
MLS® 73456744
$499,900
Was $494,900
Apr 9, 2026
MLS® 73456744
$494,900
Was $499,900
Feb 26, 2026
MLS® 73456744
$499,900
Nov 20, 2025
MLS® 73456744
$499,000
Nov 15, 2024
MLS® 73185084
$499,000
Dec 5, 2023
MLS® 73185084
Listing Agent: Nina Ferraro Sweares
Listing Office: RE/MAX Prof Associates
MLS® Number: 73456744