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Chicopee 01020
107 Old Farm Rd
$285,000
● House - Off Market

107 Old Farm Rd

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,438 Ft²
$284,123
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Finally, A home of your own. Lovingly maintained, spacious bright and airy, living room/family room flows into a large 3 season room, a nice quiet space to enjoy your morning coffee or evening wine, while enjoying the view of the back yard. The kitchen is open to the dining room, great for larger family or entertaining. Partially finished and walk-out basement is perfect for additional living space. Ready and waiting for your next chapter.
Unit Size
1,438 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$198
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1962

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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 #73107459)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jun 15, 2023 In contract -
In contract
May 4, 2023 Listed by HB Real Estate, LLC $284,900
Listed by HB Real Estate, LLC
Jul 13, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 345
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,964
  • Total Building Area: 1,438
  • Gross Building Area: 3,076
  • Building Area: 1,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,438
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chicopee School District
  • School Tax School District: CHICOPEE SD
  • Census Tract: 811301

Zoning

  • Zoning: 7

Geography

  • Account Number: 631-00003
  • Parcel: CHIC M:0631 P:00003
  • Municipality: CHICOPEE
  • Latitude: 42.1964
  • Longitude: -72.5793

    Address

  • Full Address: 107 Old Farm Rd
  • Address - House Number: 107
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C020
  • 4-Digit Zip Code: 3060
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,900

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 324,696
  • High Value: 383,124
  • Low Value: 266,268

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $292,600
  • Assessed Land Value: $110,100
  • Assessed Improvements Value: $182,500

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 234293
  • Previous Sale Recording Date: Feb 26, 2010
  • Previous Sale Document Type: 48
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 Chicopee

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1833 ft²

Average Home Age

81.2 years

Currently For Sale

59 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# 73107459

Frequently Asked Questions

When was property at 107 Old Farm Road built and last sold?
The property at 107 Old Farm Road was built in 1962 and last sold on Jul 21, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 107 Old Farm Road is $291,403.
What are some comparable homes to 107 Old Farm Road?
There are currently no comparable homes to 107 Old Farm Road.
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