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Chicopee 01013
553 Chicopee St
$269,000
● House - Off Market

553 Chicopee St

Chicopee, MA 01013
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,422 Ft²
$1,570
Est. Monthly

About This Property

Great opportunity to own this well-loved and beautifully maintained Colonial. Centrally located in a desirable neighborhood with quick access to the highway, this home offers 3 bedrooms, a large living room, sitting room, 2 full baths and an updated eat-in kitchen. Enjoy a cozy front porch and long and wide driveway leads to a fenced in backyard with a carport and storage. Don't miss out. Call for a showing today!
Unit Size
1,422 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$190
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1929

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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: 4 months ago (MLSPIN #73179968)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 11, 2023 In contract -
In contract
Nov 13, 2023 Listed by Executive Real Estate, Inc. $269,900
Listed by Executive Real Estate, Inc.
Apr 15, 2021 Sold
Premium
Sold
Mar 26, 2021 Listed by Executive Real Estate, Inc. $200,000
Listed by Executive Real Estate, Inc.
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • 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: 16
  • 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: 2
  • Basement Area: 648
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,133
  • Total Building Area: 1,422
  • Gross Building Area: 2,238
  • Building Area: 1,422
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,422
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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: 811101

Zoning

  • Zoning: 5

Geography

  • Account Number: 500-00038
  • District: 61
  • Parcel: CHIC M:0500 P:00038
  • Municipality: CHICOPEE
  • Latitude: 42.1812
  • Longitude: -72.6154

    Address

  • Full Address: 553 Chicopee St
  • Address - House Number: 553
  • Address - Street Name: Chicopee
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C017
  • 4-Digit Zip Code: 2151
  • Zip Code: 01013

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $313,200

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 270,215
  • High Value: 293,819
  • Low Value: 246,611

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $212,200
  • Assessed Land Value: $80,300
  • Assessed Improvements Value: $131,900

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4333
  • Previous Sale Recording Date: Apr 15, 2021
  • Previous Sale Contract Date: Apr 15, 2021
  • Previous Sale Amount: $200,000
  • 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:

$310,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1782 ft²

Average Home Age

81.8 years

Currently For Sale

61 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 360 1/2 Tokeneke Rd, MA, 01040

$1,309 /mo

  • 2 Beds
  • 1 Bath
360 1/2 Tokeneke Rd, MA, 01040 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73179968

Frequently Asked Questions

When was property at 553 Chicopee Street built and last sold?
The property at 553 Chicopee Street was built in 1929 and last sold on Jan 31, 2024 for $269,000.
How much is this home worth?
The estimated value of the home located at 553 Chicopee Street is $274,155.
What are some comparable homes to 553 Chicopee Street?
There are currently no comparable homes to 553 Chicopee Street.
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