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Chicopee 01020
50 Wallace Ave
$190,000
● House - Off Market

50 Wallace Ave

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,310 Ft²
$293,901
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Light, Bright, & Airy! Open Floor Plan! Totally Remodeled! All the work is done! Move in & Enjoy! Gourmet Kitchen w All Appliances! New Hardwood & Tile Floors! Finished Basement! Fenced Back Yard! Every shopping and dining experience minutes away! Enjoy this newly remodeled easy living three bedroom ranch! Finished Lower Level w Home Office, Hobby Room, & Library! Make this your NEW HOME!!
Unit Size
1,310 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$141
Property Type
House
Property Taxes
$235
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 #72229827)

Price History

Date / Event Date Event Price
Oct 26, 2017 Sold
Premium
Sold
Sep 15, 2017 Listed by Murphy Realty $184,900
Listed by Murphy Realty
May 25, 2017 Sold
Premium
Sold
Jun 29, 2007 Sold
Premium
Sold
Mar 28, 2007 Listed by Coldwell Banker Realty - Chicopee $189,900
Listed by Coldwell Banker Realty - Chicopee
FIVE ROOM RANCH WITH THREE SEASON ROOM AND TWO FINISHED ROOMS IN THE CELLAR AND TWO CAR GARAGE. Vinyl sided home on a low-traveled street in Fairview.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 960
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 960
  • Gross Building Area: 2,475
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 691-00033
  • Parcel: CHIC M:0691 P:00033
  • Municipality: CHICOPEE
  • Latitude: 42.2039
  • Longitude: -72.5689

    Address

  • Full Address: 50 Wallace Ave
  • Address - House Number: 50
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C047
  • 4-Digit Zip Code: 4212
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $359,800

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 282,354
  • High Value: 338,806
  • Low Value: 225,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $243,800
  • Assessed Land Value: $95,500
  • Assessed Improvements Value: $148,300

    Sales

  • Current Sale Recording Date: Oct 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63214
  • Previous Sale Recording Date: May 25, 2017
  • Previous Sale Amount: $76,000
  • Previous Sale Document Type: 34
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

1833 ft²

Average Home Age

81.2 years

Currently For Sale

59 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72229827

Frequently Asked Questions

When was property at 50 Wallace Avenue built and last sold?
The property at 50 Wallace Avenue was built in 1955 and last sold on Jan 1, 1970 for $190,000.
How much is this home worth?
The estimated value of the home located at 50 Wallace Avenue is $194,574.
What are some comparable homes to 50 Wallace Avenue?
There are currently no comparable homes to 50 Wallace Avenue.
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