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Chicopee 01020
502 Irene St
$249,000
● House - Off Market

502 Irene St

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,860 Ft²
$409,228
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Location and attention to detail describes this newly constructed Custom Colonial style home which features 6 rms 3 bedrooms and 2 full baths. So many great features that other homes in this price range don't have such as hardwood floors on first floor,  upgraded cabinets with soft close drawers, granite counter tops in kitchen and baths, Stainless steel appliances,tile floors in baths,deck off of dining room which extends the entertaining space, tile back splash, 3 good sized bedrooms with lush carpeting, a one car garage, large yard, full basement, efficient gas fired furnace plus central air. The list goes on and on. Did I mention close to many amenties and highway access which make this the perfect home. Call for your appointment now since this beauty won't last long
Unit Size
1,860 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$137
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

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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 months ago (MLSPIN #72134882)

Price History

Date / Event Date Event Price
Mar 12, 2021 Sold
Premium
Sold
Jan 18, 2021 Listed by Gallagher Real Estate $274,900
Listed by Gallagher Real Estate
Jun 14, 2017 Sold
Premium
Sold
Mar 23, 2017 Listed by Gallagher Real Estate $254,900
Listed by Gallagher Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,321
  • Total Building Area: 1,282
  • Gross Building Area: 1,747
  • Building Area: 1,282
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,282
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000191
  • 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: 811301

Zoning

  • Zoning: 7

Geography

  • Account Number: 610-0035A
  • Parcel: CHIC M:0610 P:0035A
  • Municipality: CHICOPEE
  • Latitude: 42.1931
  • Longitude: -72.578

    Address

  • Full Address: 502 Irene St
  • Address - House Number: 502
  • Address - Street Name: Irene
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C052
  • 4-Digit Zip Code: 2246
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $502,000

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 367,793
  • High Value: 434,057
  • Low Value: 301,529

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $340,100
  • Assessed Land Value: $99,800
  • Assessed Improvements Value: $240,300

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 17139
  • Previous Sale Recording Date: Jun 14, 2017
  • Previous Sale Amount: $249,000
  • Previous Sale Document Type: 71
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:

$310,999

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1742 ft²

Average Home Age

84.2 years

Currently For Sale

66 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: 5 months ago
Data Source: MLS PIN, MLS# 72134882

Frequently Asked Questions

When was property at 502 Irene Street built and last sold?
The property at 502 Irene Street was built in 2016 and last sold on Mar 12, 2021 for $297,000.
How much is this home worth?
The estimated value of the home located at 502 Irene Street is $284,693.
What are some comparable homes to 502 Irene Street?
There are currently no comparable homes to 502 Irene Street.
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