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Chicopee 01020
505 Irene St
$170,000
● House - Off Market

505 Irene St

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,048 Ft²
$263,493
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Great 3 bedroom, 1 1/2 bath ranch with newer roof (2012), vinyl siding, replacement windows, gas heat and 2-car garage. This home features a large living room with hardwood floors, ceiling fan and bay window. Kitchen has granite counters, tile backsplash, gas cooking and nice size dining area. Three good-sized bedrooms all with hardwood floors and a full bath with walk-in shower, granite counter and tile floors. The basement is partially finished with a half bath and laundry room (washer and dryer to remain) and walks out to a well-kept fenced in yard with newer above ground pool. Great deck area for relaxing has an electronic retractable awning to stay cool. This home is close to shopping, restaurants and highways.
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$172
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #72563591)

Price History

Date / Event Date Event Price
Oct 31, 2019 Sold
Premium
Sold
Sep 12, 2019 Listed by Keller Williams Realty $179,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 750
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,800
  • Total Building Area: 1,048
  • Gross Building Area: 2,788
  • Building Area: 1,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHICOPEE
  • Land Acres: 0000000202
  • 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: 610-00029
  • Parcel: CHIC M:0610 P:00029
  • Municipality: CHICOPEE
  • Latitude: 42.1927
  • Longitude: -72.5779

    Address

  • Full Address: 505 Irene St
  • Address - House Number: 505
  • Address - Street Name: Irene
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C052
  • 4-Digit Zip Code: 2265
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $387,200

    Appraisal Valuation

  • Standard Deviation: 0.2151
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 278,666
  • High Value: 338,627
  • Low Value: 218,705

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $262,300
  • Assessed Land Value: $102,300
  • Assessed Improvements Value: $160,000

    Sales

  • Current Sale Contract Date: Oct 20, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63752
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

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1741 ft²

Average Home Age

84.9 years

Currently For Sale

69 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72563591

Frequently Asked Questions

When was property at 505 Irene Street built and last sold?
The property at 505 Irene Street was built in 1957 and last sold on Oct 20, 2019 for $170,000.
How much is this home worth?
The estimated value of the home located at 505 Irene Street is $185,043.
What are some comparable homes to 505 Irene Street?
There are currently no comparable homes to 505 Irene Street.
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