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Chicopee 01020
47 Royal St
$372,500
● House - Off Market

47 Royal St

Chicopee, MA 01020
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,426 Ft²
$2,285
Est. Monthly

About This Property

Come see this charming and well-maintained house with many upgrades. Hardwood flooring and granite countertops for the first floor.  Wall-to-wall carpeting and brand-new laminate flooring for the second-floor bedrooms.  Newer gas-fired, hot air heating system with 2-stage high-efficiency Carrier unit, central A/C, on-demand tank-less hot water heater, insulated windows, and vinyl siding.  A huge, insulated, and upgraded 2-story garage with 960 SqFt on each floor.  This garage building is more like a second good-sized house ready for the new owner's final touch.  The garage has electricity, water, and sewer connections, and the second floor above the garage is ready for a workshop, a small business, or other uses suited to the new owner.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$279
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1955

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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 #73193578)

Price History

Date / Event Date Event Price
Apr 3, 2024 Sold
Premium
Sold
Mar 5, 2024 In contract -
In contract
Jan 15, 2024 Listed by Coldwell Banker Community REALTORS® $397,990
Listed by Coldwell Banker Community REALTORS®
Sep 26, 2019 Sold
Premium
Sold
May 6, 2019 Listed by Coldwell Banker Community REALTORS® $264,900
Listed by Coldwell Banker Community REALTORS®
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Total Building Area: 1,426
  • Gross Building Area: 2,664
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 742-00004
  • Parcel: CHIC M:0742 P:00004
  • Municipality: CHICOPEE
  • Latitude: 42.2096
  • Longitude: -72.5679

    Address

  • Full Address: 47 Royal St
  • Address - House Number: 47
  • Address - Street Name: Royal
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C042
  • 4-Digit Zip Code: 4405
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $414,000

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 335,873
  • High Value: 403,025
  • Low Value: 268,721

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $280,500
  • Assessed Land Value: $108,800
  • Assessed Improvements Value: $171,700

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55616
  • Previous Sale Recording Date: Aug 18, 2006
  • Previous Sale Amount: $202,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73193578

Frequently Asked Questions

When was property at 47 Royal Street built and last sold?
The property at 47 Royal Street was built in 1955 and last sold on Sep 24, 2019 for $260,000.
How much is this home worth?
The estimated value of the home located at 47 Royal Street is $393,298.
What are some comparable homes to 47 Royal Street?
There are currently no comparable homes to 47 Royal Street.
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