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Chicopee 01013
20 Towne St
$170,000
● House - Off Market

20 Towne St

Chicopee, MA 01013
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,239 Ft²
$1,161
Est. Monthly

About This Property

Bring Your Imagination!!! This Cape is set at the end of a dead end street with an oversized lot, the 1st floor offers a kitchen, dining room, front to back fireplaced living room, half bath and one bedroom, the 2nd level offers 2 bedrooms and a full bath, there is an 8X30 covered front porch with ramp, 1 car garage, full basement, oversized shed!  The home needs work but it'll be well worth the effort, this could be flipped for a profit, or build equity with sweat equity! Although nestled on a side street, the home is convenient to all area shopping, restaurants and major routes including the MA Pike and Route 391!  This home will not qualify for FHA or VA financing due to its condition, renovation loans would help to finance the purchase and renovations, immediate occupancy available!
Unit Size
1,239 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$153
Property Type
House
Property Taxes
$228
HOA Dues
-
Year Built
1945

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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 #73106843)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
May 7, 2023 In contract -
In contract
May 2, 2023 Listed by ERA M Connie Laplante Real Estate $189,900
Listed by ERA M Connie Laplante Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • 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: 18
  • 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: 720
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 1,076
  • Gross Building Area: 2,870
  • Building Area: 1,076
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,076
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 811101

Zoning

  • Zoning: 13

Geography

  • Account Number: 558-00047
  • District: 61
  • Parcel: CHIC M:0558 P:00047
  • Municipality: CHICOPEE
  • Latitude: 42.1882
  • Longitude: -72.5987

    Address

  • Full Address: 20 Towne St
  • Address - House Number: 20
  • Address - Street Name: Towne
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C053
  • 4-Digit Zip Code: 3912
  • Zip Code: 01013

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $280,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0875
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 195,326
  • High Value: 212,420
  • Low Value: 178,232

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $189,800
  • Assessed Land Value: $66,900
  • Assessed Improvements Value: $122,900

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 62109
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

1787 ft²

Average Home Age

81.1 years

Currently For Sale

62 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73106843

Frequently Asked Questions

When was property at 20 Towne Street built and last sold?
The property at 20 Towne Street was built in 1945 and last sold on Dec 28, 2023 for $170,000.
How much is this home worth?
The estimated value of the home located at 20 Towne Street is $196,400.
What are some comparable homes to 20 Towne Street?
There are currently no comparable homes to 20 Towne Street.
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