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Chicopee 01020
56 Ludlow Rd
$303,000
● House - Off Market

56 Ludlow Rd

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,840 Ft²
$410,647
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Easy living, move right in! Plenty of living area in this fully renovated ranch with large lot on a quiet street. Kitchen with stunning maple cabinets, granite countertops and pendant lighting. All stainless steel appliances. Kitchen is open to the living room. Custom blinds. Refinished hardwood floors. First floor laundry. Basement has three finished rooms and a bathroom. Two rooms in basement currently being used as bedrooms with full sized windows. Have your morning coffee on your deck, just off the kitchen. Walk out to your enclosed patio from the basement. Updated electrical (200AMP), garage door, and new roof (2017). Replacement windows, central air, and new furnace (2018). Fully fenced back yard (2020). All APO.
Unit Size
1,840 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$163
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1975

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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 #72685962)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Jul 7, 2020 Listed by Landmark, REALTORS® $299,800
Listed by Landmark, REALTORS®
Oct 6, 2017 Sold
Premium
Sold
Apr 29, 2017 Listed by Landmark, REALTORS® $159,900
Listed by Landmark, REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • 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: 662
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,050
  • Total Building Area: 1,128
  • Gross Building Area: 2,974
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000323
  • 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: 811302

Zoning

  • Zoning: 7

Geography

  • Account Number: 761-00002
  • Parcel: CHIC M:0761 P:00002
  • Municipality: CHICOPEE
  • Latitude: 42.2132
  • Longitude: -72.5609

    Address

  • Full Address: 56 Ludlow Rd
  • Address - House Number: 56
  • Address - Street Name: Ludlow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C044
  • 4-Digit Zip Code: 4466
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,000

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 389,186
  • High Value: 459,305
  • Low Value: 319,068

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $360,400
  • Assessed Land Value: $110,800
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45171
  • Previous Sale Recording Date: Oct 06, 2017
  • Previous Sale Amount: $159,000
  • 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 Chicopee

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1833 ft²

Average Home Age

81.2 years

Currently For Sale

59 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: 4 months ago
Data Source: MLS PIN, MLS# 72685962

Frequently Asked Questions

When was property at 56 Ludlow Road built and last sold?
The property at 56 Ludlow Road was built in 1975 and last sold on Aug 13, 2020 for $303,000.
How much is this home worth?
The estimated value of the home located at 56 Ludlow Road is $309,637.
What are some comparable homes to 56 Ludlow Road?
There are currently no comparable homes to 56 Ludlow Road.
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