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Chicopee 01020
1480 Granby Road
$260,000
● House - Off Market

1480 Granby Road

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,160 Ft²
$258,375
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

WELCOME HOME to this well maintained 3 bedroom, 1 bath ranch with a detached one car garage. It is conveniently located just minutes away from I90 and the Chicopee Marketplace. The porch and patio could be your own little oasis. The freshly painted living room features large triple mulled windows allowing an abundance of natural lighting. An adorable kitchen makes way to the dining area, then down the hall you'll find three newly painted bedrooms and the bathroom. Make your way downstairs and you'll find a wood burning stove and partially finished basement. Brand new central air system will keep you cool when you come take a look and see for yourself just how lovely this home could be for you!
Unit Size
1,160 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$215
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1954

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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 #73004211)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
Jun 25, 2022 Listed by Gallagher Real Estate $249,900
Listed by Gallagher Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 960
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,090
  • Total Building Area: 1,160
  • Gross Building Area: 2,120
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: 811200

Zoning

  • Zoning: 7

Geography

  • Account Number: 453-00010
  • Parcel: CHIC M:0453 P:00010
  • Municipality: CHICOPEE
  • Latitude: 42.1803
  • Longitude: -72.579

    Address

  • Full Address: 1480 Granby Rd
  • Address - House Number: 1480
  • Address - Street Name: Granby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C061
  • 4-Digit Zip Code: 2022
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $349,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 271,799
  • High Value: 325,243
  • Low Value: 218,354

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $236,600
  • Assessed Land Value: $108,600
  • Assessed Improvements Value: $128,000

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 49596
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

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1742 ft²

Average Home Age

84.2 years

Currently For Sale

66 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: 5 months ago
Data Source: MLS PIN, MLS# 73004211

Frequently Asked Questions

When was property at 1480 Granby Road built and last sold?
The property at 1480 Granby Road was built in 1954 and last sold on Aug 16, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 1480 Granby Road is $254,958.
What are some comparable homes to 1480 Granby Road?
There are currently no comparable homes to 1480 Granby Road.
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