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Chicopee 01020
2040 Memorial Drive
$197,000
● House - Off Market

2040 Memorial Drive

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,140 Ft²
$294,900
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

A bright and cheery kitchen you'll want to come home to. A cozy fireplace you'll want to curl up in front of....This newly remodeled home has new windows; newer roof and furnace; new paint, fixtures, and flooring throughout. Updates in every room means you can move right in and not do a thing if you don't want to.   *** Access the home via the back from Loretta, or the front on Memorial Drive via the long, convenient driveway that connects to both.  *** The yard is large and mostly fenced. *** The location is super convenient to all area cities and towns via nearby highway access. ***  Make your appointment soon!
Unit Size
1,140 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$175
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1950

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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 #72476094)

Price History

Date / Event Date Event Price
May 17, 2019 Sold
Premium
Sold
Apr 3, 2019 Listed by ERA M Connie Laplante Real Estate $199,900
Listed by ERA M Connie Laplante Real Estate
Dec 19, 2018 Sold
Premium
Sold
Sep 25, 2018 Listed by ERA M Connie Laplante Real Estate $199,900
Listed by ERA M Connie Laplante Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Total Building Area: 768
  • Gross Building Area: 2,304
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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: 759-00014
  • Parcel: CHIC M:0759 P:00014
  • Municipality: CHICOPEE
  • Latitude: 42.2129
  • Longitude: -72.5725

    Address

  • Full Address: 2040 Memorial Dr
  • Address - House Number: 2040
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C048
  • 4-Digit Zip Code: 4307
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $396,600

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 300,035
  • High Value: 359,031
  • Low Value: 241,038

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $268,700
  • Assessed Land Value: $107,300
  • Assessed Improvements Value: $161,400

    Sales

  • Current Sale Contract Date: May 17, 2019
  • Current Sale Recording Date: May 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25606
  • Previous Sale Recording Date: Dec 19, 2018
  • Previous Sale Contract Date: Dec 18, 2018
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 54
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

53

Average Home Size

1736 ft²

Average Home Age

83.3 years

Currently For Sale

65 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# 72476094

Frequently Asked Questions

When was property at 2040 Memorial Drive built and last sold?
The property at 2040 Memorial Drive was built in 1950 and last sold on May 17, 2019 for $197,000.
How much is this home worth?
The estimated value of the home located at 2040 Memorial Drive is $203,880.
What are some comparable homes to 2040 Memorial Drive?
There are currently no comparable homes to 2040 Memorial Drive.
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