48 Pinecrest Dr. #48
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Listed | $295,000 | |
| Listed | |||
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Easy ONE LEVEL living in a prime Chicopee location! Welcome to this charming 2-bedroom, 1-bath condo offering comfortable, low-maintenance living in a fantastic location! Situated near major highways & shopping, this home provides easy access to everything you need while still offering a peaceful & private setting. Step inside to find beautiful hardwood floors throughout & a bright, open living room with vaulted ceilings & dining area - creating an airy and inviting space. The fully applianced kitchen with plenty of counter space & the 1st floor laundry add to the ease of living, while the sliders to a private deck offer the perfect spot to unwind & enjoy the outdoors. Need extra space? The full, unfinished basement is perfect for storage or future expansion! Plus, the attached one-car garage is an added convenience and with the low monthly condo fees, this condo is quite affordable. An excellent option for first-time buyers, downsizers, or anyone looking for easy, single-level living.
| |||
| Aug 26, 2005 | Sold | ||
| Sold | |||
| Jul 12, 2004 | Listed by Coldwell Banker Realty - Chicopee | $159,900 | |
| Listed by Coldwell Banker Realty - Chicopee | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/05/2025
|
2 Bed
|
1 Bath
|
1020 ft²
|
$295,000
2 Bed
1 Bath
1020 ft²
|
$290,000
-1.69%
03/31/2025
|
Leslie Brunelle
NRG Real Estate Services, Inc.
| |
|
07/12/2004
|
2 Bed
|
1 Bath
|
1050 ft²
|
$159,900
2 Bed
1 Bath
1050 ft²
|
$154,900
-3.13%
08/26/2005
|
Raymond Authier
Realty World Authier
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017