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Chicopee 01020
24 Wells Avenue
$125,000
● House - Off Market

24 Wells Avenue

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$181,307
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

CONVENIENT and AFFORDABLE!  This home has lots of great features including wood floors; lots of storage in kitchen and other rooms; spacious dining, living and bedrooms; "extra" spaces such as an enclosed front porch, covered deck, and fenced in yard. **Great house for someone who needs more space than a tiny ranch and is willing to come in and clean it up to make it shine again.** Dead end street convenient to all area amenities.* * (Note: House is being priced and sold in as is condition as the seller is unable to make any upgrades or changes.) Hard to find a solid house in Chicopee for this price. Make an appointment to see it soon!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$85
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1910

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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 #72405584)

Price History

Date / Event Date Event Price
May 31, 2019 Sold
Premium
Sold
Oct 4, 2018 Listed by ERA M Connie Laplante Real Estate $122,900
Listed by ERA M Connie Laplante Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,280
  • Total Building Area: 1,440
  • Gross Building Area: 2,356
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • 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: 810601

Zoning

  • Zoning: 4

Geography

  • Account Number: 230-00019
  • Parcel: CHIC M:0230 P:00019
  • Municipality: CHICOPEE
  • Latitude: 42.162
  • Longitude: -72.5831

    Address

  • Full Address: 24 Wells Ave
  • Address - House Number: 24
  • Address - Street Name: Wells
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C054
  • 4-Digit Zip Code: 1432
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $287,400

    Appraisal Valuation

  • Standard Deviation: 0.2151
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 252,465
  • High Value: 306,788
  • Low Value: 198,141

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $194,700
  • Assessed Land Value: $64,300
  • Assessed Improvements Value: $130,400

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28543
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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72405584

Frequently Asked Questions

When was property at 24 Wells Avenue built and last sold?
The property at 24 Wells Avenue was built in 1910 and last sold on May 30, 2019 for $125,000.
How much is this home worth?
The estimated value of the home located at 24 Wells Avenue is $136,167.
What are some comparable homes to 24 Wells Avenue?
There are currently no comparable homes to 24 Wells Avenue.
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