For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Palmer Town 01069
55 Olney Rd
$316,000
● House - Off Market

55 Olney Rd

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,148 Ft²
$476,604
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Gorgeous Move In Ready Colonial with Sunset Views That Make You Never Want To Leave The House. Its Got It All. Brand New Kitchen Cabinets with Granite Counters and Stainless Steel Appliances. Huge Kitchen Island Great for Entertaining. Massive Living/Family Room Set Up with Wood Fireplace. From There Sliders That Led Out To Your Amazing Deck. New Hickory Hardwoods Throughout the First Floor. Open Floor Plan. All New Modern Lighting. 4 Bedrooms 2.5 Baths. Everything Has Been Done For You. Large Master Bedroom with Walk In Closet and Private Master Bath. All Bathrooms Are Updated. Brand New Carpeting on Second Floor. Crown Moulding. Plumbing/Heating System is Brand New. Huge 2 Car Garage Plenty of Storage. You Feel Right at Home the Second You Walk In.
Unit Size
2,148 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$147
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1994

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72289874)

Price History

Date / Event Date Event Price
Jul 23, 2018 Sold
Premium
Sold
Mar 6, 2018 Listed by The Greene Realty Group $315,000
Listed by The Greene Realty Group
Jun 1, 2017 Sold
Premium
Sold
Nov 10, 2016 Listed by The Greene Realty Group $172,000
Listed by The Greene Realty Group
Feb 27, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,148
  • Total Building Area: 2,148
  • Gross Building Area: 4,124
  • Building Area: 2,148
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,148
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000945
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810100

Geography

  • Parcel: PALM M:37 B:49
  • Block: 49
  • Municipality: PALMER
  • Latitude: 42.2081
  • Longitude: -72.2928

    Address

  • Full Address: 55 Olney Rd
  • Address - House Number: 55
  • Address - Street Name: Olney
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Palmer
  • Carrier Code: R002
  • 4-Digit Zip Code: 9877
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $823,100

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 480,727
  • High Value: 569,292
  • Low Value: 392,162

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,400
  • Assessed Land Value: $71,600
  • Assessed Improvements Value: $351,800

    Sales

  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42584
  • Previous Sale Recording Date: Jun 01, 2017
  • Previous Sale Amount: $178,994
  • Previous Sale Document Type: O
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 Palmer Town

Stats & Trends

Median Asking:

$339,950

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2317 ft²

Average Home Age

74.9 years

Currently For Sale

27 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: 4 months ago
Data Source: MLS PIN, MLS# 72289874

Frequently Asked Questions

When was property at 55 Olney Road built and last sold?
The property at 55 Olney Road was built in 1994 and last sold on Jan 1, 1970 for $316,000.
How much is this home worth?
The estimated value of the home located at 55 Olney Road is $319,033.
What are some comparable homes to 55 Olney Road?
There are currently no comparable homes to 55 Olney Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Palmer Town Homes for Sale
Palmer Town Houses for Sale
Palmer Town Condos for Sale
Palmer Town Multifamily for Sale
Palmer Town Land for Sale
Palmer Town Commercial for Sale
Palmer Town Homes with Basements
Palmer Town Homes with Pools
Nearby Cities
Springfield Homes for Sale
Chicopee Homes for Sale
Longmeadow Homes for Sale
Ware Homes for Sale
Wilbraham Homes for Sale
Belchertown Homes for Sale
Fiskdale Homes for Sale
Sturbridge Homes for Sale
Nearby Property Records
Hampden County, MA Property Records
Hampshire County, MA Property Records
Tolland County, CT Property Records
Worcester County, MA Property Records
Franklin County, MA Property Records
Windham County, CT Property Records
Hartford County, CT Property Records
Berkshire County, MA Property Records
Neighborhoods
Forest Park Real Estate
Sixteen Acres Real Estate
East Forest Park Real Estate
Pine Point Real Estate
East Springfield Real Estate
Indian Orchard Real Estate
Boston Road Real Estate
Upper Hill Real Estate
Nearby Counties
Springfield Homes for Sale
Chicopee Homes for Sale
Longmeadow Homes for Sale
Ludlow Homes for Sale
East Longmeadow Homes for Sale
Belchertown Homes for Sale
Wilbraham Homes for Sale
Sturbridge Homes for Sale
Top Real Estate Agents
Top Agents in Palmer Town
Top Agents in Springfield
Top Agents in Springfield
Top Agents in Chicopee
Top Agents in Chicopee
Top Agents in 01108
Top Agents in Forest Park
Top Agents in Sixteen Acres