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Chicopee 01020
79 Wallace Ave
$325,000
● House - Off Market

79 Wallace Ave

Chicopee, MA 01020
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,100 Ft²
$329,652
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This updated 2-3 ranch is perfect, whether you are just starting out or looking for a one level home for ease of maintenance. Enter through the heated breezeway which would make a great sitting room or office. Inside you will find the spaces are bright and fresh, with hardwood floors and newer windows.  The kitchen has plenty of cabinets, and an eat-in area, or you can use the adjacent room as a dining room. Or, if you need a third bedroom, the seller can close the doorway to become the extra bedroom. There are partially finished spaces in the basement for more living apace if needed. The 2nd bathroom in the basement is so handy! The 2 car garage will give you peace of mind during inclement weather. Showings start at the open house weekend of 2/18 - 2/19.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$291
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1955

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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 #73078200)

Price History

Date / Event Date Event Price
Mar 30, 2023 Sold
Premium
Sold
Feb 25, 2023 In contract -
In contract
Feb 10, 2023 Listed by Kempf-Vanderburgh Realty Consultants, Inc. $319,900
Listed by Kempf-Vanderburgh Realty Consultants, Inc.
Sep 8, 2022 Sold
Premium
Sold
Jul 9, 2004 Sold
Premium
Sold
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Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 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: 966
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,180
  • Total Building Area: 966
  • Gross Building Area: 2,629
  • Building Area: 966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 966
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000188
  • 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: 691-00056
  • Parcel: CHIC M:0691 P:00056
  • Municipality: CHICOPEE
  • Latitude: 42.2029
  • Longitude: -72.5689

    Address

  • Full Address: 79 Wallace Ave
  • Address - House Number: 79
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C047
  • 4-Digit Zip Code: 4266
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $365,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 285,123
  • High Value: 336,430
  • Low Value: 233,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $247,800
  • Assessed Land Value: $99,000
  • Assessed Improvements Value: $148,800

    Sales

  • Current Sale Contract Date: Mar 30, 2023
  • Current Sale Recording Date: Mar 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14359
  • Previous Sale Recording Date: Sep 08, 2022
  • Previous Sale Contract Date: Sep 08, 2022
  • Previous Sale Amount: $187,000
  • Previous Sale Document Type: 34
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73078200

Frequently Asked Questions

When was property at 79 Wallace Avenue built and last sold?
The property at 79 Wallace Avenue was built in 1955 and last sold on Mar 30, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 79 Wallace Avenue is $315,227.
What are some comparable homes to 79 Wallace Avenue?
There are currently no comparable homes to 79 Wallace Avenue.
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