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Chicopee 01013
51 Lorimer St.
$260,000
● House - Off Market

51 Lorimer St.

Chicopee, MA 01013
bedrooms
3 Beds
bathrooms
1 Bath
square feet
942 Ft²
$257,874
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

The Buyer has cancelled the Agreement due to personal reasons. Is this the house you were looking for? There is only one way to find out. Located on Sandy Hill section of Chicopee, this ranch house offers everything you need and more. Close proximity to I-391 and all amenities modern living requires. Located on side street this three Bdms Ranch house offers1 Bath, large LR, kitchen with eat in area, and 2 car garage can accommodate anyone. HW floors under the carpet (APO).Three years old furnace easily heats up the house in the winter and AC cools you down in the summer. Nice size yard with sprinkler system will accommodate any entertaining needs and is easy to maintain. Retro finished basement has additional storage space. Schedule your showing today, this house will not last long. Easy to show.
Unit Size
942 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$260
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1954

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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 #72929580)

Price History

Date / Event Date Event Price
Feb 11, 2022 Sold
Premium
Sold
Dec 27, 2021 Listed by Keller Williams Realty $244,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • 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: 430
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,761
  • Total Building Area: 942
  • Gross Building Area: 2,634
  • Building Area: 942
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 942
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 811000

Zoning

  • Zoning: 3

Geography

  • Account Number: 122-00051
  • Parcel: CHIC M:0122 P:00051
  • Municipality: CHICOPEE
  • Latitude: 42.1531
  • Longitude: -72.5945

    Address

  • Full Address: 51 Lorimer St
  • Address - House Number: 51
  • Address - Street Name: Lorimer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C010
  • 4-Digit Zip Code: 3507
  • Zip Code: 01013

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $374,500

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 285,544
  • High Value: 345,715
  • Low Value: 225,372

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $253,700
  • Assessed Land Value: $102,100
  • Assessed Improvements Value: $151,600

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9092
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

1746 ft²

Average Home Age

86.5 years

Currently For Sale

79 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 144 Cabot St, MA, 01013

$1,174 /mo

  • 1 Bed
  • 1 Bath
144 Cabot St, MA, 01013 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72929580

Frequently Asked Questions

When was property at 51 Lorimer Street built and last sold?
The property at 51 Lorimer Street was built in 1954 and last sold on Feb 11, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 51 Lorimer Street is $248,184.
What are some comparable homes to 51 Lorimer Street?
There are currently no comparable homes to 51 Lorimer Street.
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