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Chicopee 01013
224 School St
$265,000
● House - Off Market

224 School St

Chicopee, MA 01013
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,228 Ft²
$260,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Hola! Nicely updated home ready for you to move in. Enter into a bright large living room. Eat-in kitchen with stainless steel appliances and granite counter. First floor bedroom with double closets. Also beautiful wood floors. Good size bathroom. Now exit to large deck to relax in and fenced in yard. Second floor offers three good size bedrooms with plenty of closet space and brand new rugs. Clean walk-out basement. Updated gas heat system and water tank. Circuit breakers. Look out window brings in light. Washer hook-ups. Close to growing downtown, restaurants, coffee shop, and major highway.
Unit Size
1,228 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$212
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1900

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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 #73169056)

Price History

Date / Event Date Event Price
Nov 9, 2023 Sold
Premium
Sold
Oct 14, 2023 In contract -
In contract
Oct 11, 2023 Listed by Acuna Real Estate $260,000
Listed by Acuna Real Estate
Jun 5, 2023 Sold
Premium
Sold
Jan 24, 1992 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,325
  • Total Building Area: 1,228
  • Gross Building Area: 2,342
  • Building Area: 1,228
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,228
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • 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: 810901

Zoning

  • Zoning: 1

Geography

  • Account Number: 78-00061
  • Parcel: CHIC M:0078 P:00061
  • Municipality: CHICOPEE
  • Latitude: 42.1456
  • Longitude: -72.6064

    Address

  • Full Address: 224 School St
  • Address - House Number: 224
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C003
  • 4-Digit Zip Code: 2425
  • Zip Code: 01013

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $254,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 68
  • Final Value: 252,364
  • High Value: 309,534
  • Low Value: 195,194

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $172,300
  • Assessed Land Value: $50,200
  • Assessed Improvements Value: $122,100

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53536
  • Previous Sale Recording Date: Jun 05, 2023
  • Previous Sale Contract Date: Jun 02, 2023
  • Previous Sale Amount: $133,755
  • Previous Sale Document Type: O
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

1782 ft²

Average Home Age

81.8 years

Currently For Sale

61 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

Unit for rent at 144 Cabot St, MA, 01013

$1,174 /mo

  • 1 Bed
  • 1 Bath
144 Cabot St, MA, 01013 Listing by Rick Rivera
Unit for rent at 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73169056

Frequently Asked Questions

When was property at 224 School Street built and last sold?
The property at 224 School Street was built in 1900 and last sold on Nov 6, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 224 School Street is $263,761.
What are some comparable homes to 224 School Street?
There are currently no comparable homes to 224 School Street.
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