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Chicopee 01020
565 Prospect Street
$118,500
● House - Off Market

565 Prospect Street

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,024 Ft²
$273,126
RealtyHop Estimate
123.87%
Since Nov 1, 2003
National-US
Primary Model

About This Property

FINALLY AN AFFORDABLE 5RM 3 BEDROOM RANCH IN FAIRVIEW, 1 CAR ATTACHED GARAGE,FENCED CORNER LOT. GREAT FOR 1ST TIME BUYER. THIS HOME WON'T LAST LONG.
Unit Size
1,024 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$119
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1952

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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 years ago (MLSPIN #30763036)

Price History

Date / Event Date Event Price
Oct 20, 2003 Sold
Premium
Sold
Aug 29, 2003 Listed by Real Living Realty Professionals, LLC $122,000
Listed by Real Living Realty Professionals, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 1,024
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,190
  • Total Building Area: 1,024
  • Gross Building Area: 2,524
  • Building Area: 1,024
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,024
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000211
  • 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: 811301

Zoning

  • Zoning: 7

Geography

  • Account Number: 669-00061
  • Parcel: CHIC M:0669 P:00061
  • Municipality: CHICOPEE
  • Latitude: 42.2003
  • Longitude: -72.5834

    Address

  • Full Address: 565 Prospect St
  • Address - House Number: 565
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C052
  • 4-Digit Zip Code: 2237
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $362,900

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 278,776
  • High Value: 328,940
  • Low Value: 228,611

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $245,900
  • Assessed Land Value: $104,300
  • Assessed Improvements Value: $141,600

    Sales

  • Current Sale Recording Date: Oct 20, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 9664
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:

$310,500

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1736 ft²

Average Home Age

83.3 years

Currently For Sale

65 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 years ago
Data Source: MLS PIN, MLS# 30763036

Frequently Asked Questions

When was property at 565 Prospect Street built and last sold?
The property at 565 Prospect Street was built in 1952 and last sold on Jan 1, 1970 for $118,500.
How much is this home worth?
The estimated value of the home located at 565 Prospect Street is $0.
What are some comparable homes to 565 Prospect Street?
There are currently no comparable homes to 565 Prospect Street.
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