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Chicopee 01020
58 Reed Street
$225,000
● House - Off Market

58 Reed Street

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,346 Ft²
$247,774
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

This is the most beautiful doll house, inside and out.  Newer furnace, oil tank and hot water heater.  Drive by this home and you can see the love and detail that has been lavished upon the yard, and the charm of the style of this home will make you fall in love.  Huge eat in kitchen, 1st floor master bedroom, full bathrooms on both first and second floor, along with a very useable large walk out basement.  Ready for immediate occupancy, nothing really to do but move your belongings in...
Unit Size
1,346 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$167
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1976

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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 years ago (MLSPIN #72907784)

Price History

Date / Event Date Event Price
Dec 7, 2021 Sold
Premium
Sold
Oct 12, 2021 Listed by Neilsen Realty LLC $224,900
Listed by Neilsen Realty LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,346
  • Gross Building Area: 2,448
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 649-00032
  • Parcel: CHIC M:0649 P:00032
  • Municipality: CHICOPEE
  • Latitude: 42.1964
  • Longitude: -72.5864

    Address

  • Full Address: 58 Reed St
  • Address - House Number: 58
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C052
  • 4-Digit Zip Code: 2268
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $383,900

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 281,793
  • High Value: 340,260
  • Low Value: 223,325

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $260,100
  • Assessed Land Value: $82,400
  • Assessed Improvements Value: $177,700

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 228705
  • Previous Sale Recording Date: Aug 25, 2016
  • Previous Sale Contract Date: Aug 24, 2016
  • 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

$227

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1787 ft²

Average Home Age

81.1 years

Currently For Sale

62 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 years ago
Data Source: MLS PIN, MLS# 72907784

Frequently Asked Questions

When was property at 58 Reed Street built and last sold?
The property at 58 Reed Street was built in 1976 and last sold on Dec 7, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 58 Reed Street is $0.
What are some comparable homes to 58 Reed Street?
There are currently no comparable homes to 58 Reed Street.
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