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Chicopee 01020
270 Murphy Ln
$205,000
● House - Off Market

270 Murphy Ln

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,568 Ft²
$343,519
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Location and value! Amazing 3 bedroom, 1.5 bath ranch completely updated at the end of cul de sac in highly desired Burnett Rd neighborhood.  The living room, kitchen, and dining room have beautiful laminate wood with open floor plan and cathedral ceiling. The kitchen has stainless steel appliances, kitchen island, and custom cabinets.  The two bedrooms on first floor also laminate wood with a master bath. The basement has a legal third bedroom, office, family room, laundry room and workshop.  Absolutely everything is new!  The back yard is very private on a .43 acre lot with many perennials and shrubs. This one won't last! Note-this property is NOT FOR RENT!
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$137
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1967

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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 #72169206)

Price History

Date / Event Date Event Price
Jul 28, 2017 Sold
Premium
Sold
May 22, 2017 Listed by Property One $214,900
Listed by Property One

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • 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: 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,630
  • Total Building Area: 1,008
  • Gross Building Area: 2,088
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000428
  • 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: 810602

Zoning

  • Zoning: 12

Geography

  • Account Number: 298-00031
  • Parcel: CHIC M:0298 P:00031
  • Municipality: CHICOPEE
  • Latitude: 42.1695
  • Longitude: -72.5267

    Address

  • Full Address: 270 Murphy Ln
  • Address - House Number: 270
  • Address - Street Name: Murphy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C050
  • 4-Digit Zip Code: 4837
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $392,600

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 291,055
  • High Value: 349,246
  • Low Value: 232,864

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $266,000
  • Assessed Land Value: $133,000
  • Assessed Improvements Value: $133,000

    Sales

  • Current Sale Contract Date: Jul 24, 2017
  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 211486
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

$227

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 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72169206

Frequently Asked Questions

When was property at 270 Murphy Lane built and last sold?
The property at 270 Murphy Lane was built in 1967 and last sold on Jul 24, 2017 for $205,000.
How much is this home worth?
The estimated value of the home located at 270 Murphy Lane is $225,079.
What are some comparable homes to 270 Murphy Lane?
There are currently no comparable homes to 270 Murphy Lane.
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