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Chicopee 01013
48 Melvin St
$213,000
● House - Off Market

48 Melvin St

Chicopee, MA 01013
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$220,231
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Why rent when you can own this tastefully remodeled home for less? DO NOT miss this opportunity to purchase this meticulously maintained ranch style home that is not only affordable but in move-in ready condition! The interior layout is classic and enhanced with a large eat-in kitchen along with a pass thru to the living room that gives the home the feel of an open floor plan. Both bedrooms are decent-sized with hardwood floors and plenty of closet space. This home is also equipped with an additional 2 rooms of finished space in the basement that the new homeowner can use to whatever suits their needs. Conveniently located next to many area amenities and in an area that qualifies for the $5,000 1st time homebuyer down payment assistance from the City for those eligible, this home won't last.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$231
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1956

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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: 5 years ago (MLSPIN #72911664)

Price History

Date / Event Date Event Price
Dec 10, 2021 Sold
Premium
Sold
Oct 21, 2021 Listed by Executive Real Estate, Inc. $199,900
Listed by Executive Real Estate, Inc.
Mar 12, 2004 Sold
Premium
Sold
Jun 30, 2003 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Total Building Area: 864
  • Gross Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 864
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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: 811101

Zoning

  • Zoning: 5

Geography

  • Account Number: 470-00063
  • Parcel: CHIC M:0470 P:00063
  • Municipality: CHICOPEE
  • Latitude: 42.1795
  • Longitude: -72.6207

    Address

  • Full Address: 48 Melvin St
  • Address - House Number: 48
  • Address - Street Name: Melvin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C017
  • 4-Digit Zip Code: 2010
  • Zip Code: 01013

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $302,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 252,024
  • High Value: 305,132
  • Low Value: 198,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $204,600
  • Assessed Land Value: $71,100
  • Assessed Improvements Value: $133,500

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 88054
  • Previous Sale Recording Date: Mar 12, 2004
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: 27
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

$230

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1737 ft²

Average Home Age

88.3 years

Currently For Sale

86 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 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: 5 years ago
Data Source: MLS PIN, MLS# 72911664

Frequently Asked Questions

When was property at 48 Melvin Street built and last sold?
The property at 48 Melvin Street was built in 1956 and last sold on Dec 10, 2021 for $213,000.
How much is this home worth?
The estimated value of the home located at 48 Melvin Street is $203,903.
What are some comparable homes to 48 Melvin Street?
There are currently no comparable homes to 48 Melvin Street.
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