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Chicopee 01020
283 Mandalay Rd
$270,000
● House - Off Market

283 Mandalay Rd

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,592 Ft²
$424,432
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Definitely the one you have been waiting for. Pride of ownership throughout this meticulous 3 bedroom, two full bath ranch. Gas fireplace in the formal living room, stunning wood floors and rooms freshly painted.  Huge finished basement currently provides a living area, office space, laundry room, lots of storage, and a cedar closet. Gorgeous family room boasts cathedral ceiling, and beautiful Andersen sliders to the deck. 18x36 (APO) in ground pool, a fully fenced yard and the property abuts the woods. A perfect home for entertaining. Prepare to be impressed.
Unit Size
1,592 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$176
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1958

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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 #72311363)

Price History

Date / Event Date Event Price
Jun 22, 2018 Sold
Premium
Sold
Apr 19, 2018 Listed by Coldwell Banker Residential Brokerage - Chicopee $279,999
Listed by Coldwell Banker Residential Brokerage - Chicopee

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 524
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 11,200
  • Total Building Area: 1,592
  • Gross Building Area: 3,328
  • Building Area: 1,592
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONGWOOD PARK SEC B
  • Land Acres: 0000000257
  • 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: 811302

Zoning

  • Zoning: 7

Geography

  • Account Number: 634-00024
  • Parcel: CHIC M:0634 P:00024
  • Municipality: CHICOPEE
  • Latitude: 42.1977
  • Longitude: -72.5677

    Address

  • Full Address: 283 Mandalay Rd
  • Address - House Number: 283
  • Address - Street Name: Mandalay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C020
  • 4-Digit Zip Code: 3927
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $563,400

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 398,695
  • High Value: 471,745
  • Low Value: 325,646

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $381,700
  • Assessed Land Value: $109,200
  • Assessed Improvements Value: $272,500

    Sales

  • Current Sale Recording Date: Jun 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 35104
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72311363

Frequently Asked Questions

When was property at 283 Mandalay Road built and last sold?
The property at 283 Mandalay Road was built in 1958 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 283 Mandalay Road is $287,891.
What are some comparable homes to 283 Mandalay Road?
There are currently no comparable homes to 283 Mandalay Road.
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