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Chicopee 01020
522 Sheridan St. Lot C-2
$25,000
● Land - Off Market

522 Sheridan St. Lot C-2

Chicopee, MA 01020
bedrooms
Studio
bathrooms
0 Bath
$61,583
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Newly approved building lot one of three at 522 Sheridan St, that can be purchased individually or as a package. City living and nature in your back yard with Beaman Brook abutting the back of the property. Check out the other two lots and see which one might work the best for your new construction. MLS#72477795 and MLS#72494175. The area has some nice stately well maintained older homes as well as newer ones build in recent years. Close to retail and grocery stores and quick access to Mass Pike and 291.
Unit Size
-
Days on Market
-
Land Size
0.84 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1961

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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 #72494176)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Aug 22, 2019 Sold
Premium
Sold
May 29, 2019 Sold
Premium
Sold
May 3, 2019 Listed by Coldwell Banker Residential Brokerage - Chicopee $42,000
Listed by Coldwell Banker Residential Brokerage - Chicopee
Apr 5, 2019 Listed by Coldwell Banker Residential Brokerage - Chicopee $71,900
Listed by Coldwell Banker Residential Brokerage - Chicopee

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,123
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,591
  • Total Building Area: 1,123
  • Gross Building Area: 2,546
  • Building Area: 1,123
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,123
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001138
  • 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: 810602

Zoning

  • Zoning: 8

Geography

  • Account Number: 343-00007
  • Parcel: CHIC M:0343 P:00007
  • Municipality: CHICOPEE
  • Latitude: 42.1726
  • Longitude: -72.5705

    Address

  • Full Address: 522 Sheridan St
  • Address - House Number: 522
  • Address - Street Name: Sheridan
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C028
  • 4-Digit Zip Code: 2815
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $458,700

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 270,801
  • High Value: 326,987
  • Low Value: 214,614

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $310,800
  • Assessed Land Value: $145,100
  • Assessed Improvements Value: $165,700

    Sales

  • Current Sale Contract Date: Feb 24, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10992
  • Previous Sale Recording Date: Aug 22, 2019
  • Previous Sale Contract Date: Aug 19, 2019
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 27
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

1804 ft²

Average Home Age

84.6 years

Currently For Sale

70 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72494176

Frequently Asked Questions

When was property at 522 Sheridan Street built and last sold?
The property at 522 Sheridan Street was built in 1961 and last sold on Feb 24, 2020 for $70,000.
How much is this home worth?
The estimated value of the home located at 522 Sheridan Street is $42,420.
What are some comparable homes to 522 Sheridan Street?
There are currently no comparable homes to 522 Sheridan Street.
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