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Chicopee 01020
81 Summit Ave
$200,000
● House - Off Market

81 Summit Ave

Chicopee, MA 01020
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$263,444
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Affordable, well maintained 4 bedroom home is new to the market.  More spacious than it appears, this home has additional finished space in the basement including some preliminary work done to install another bathroom.  Large fenced yard with above ground pool offers many opportunities to enjoy the out of doors.
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$181
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72679682)

Price History

Date / Event Date Event Price
Jul 31, 2020 Sold
Premium
Sold
Jun 24, 2020 Listed by Real Living Realty Professionals, LLC $190,000
Listed by Real Living Realty Professionals, LLC
Jul 25, 2017 Sold
Premium
Sold
Apr 13, 2017 Listed by Real Living Realty Professionals, LLC $159,900
Listed by Real Living Realty Professionals, LLC
May 15, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 360
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 761
  • Gross Building Area: 2,473
  • Building Area: 761
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 761
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 811200

Zoning

  • Zoning: 6

Geography

  • Account Number: 394-00043
  • Parcel: CHIC M:0394 P:00043
  • Municipality: CHICOPEE
  • Latitude: 42.1755
  • Longitude: -72.5903

    Address

  • Full Address: 81 Summit Ave
  • Address - House Number: 81
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C030
  • 4-Digit Zip Code: 1626
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $372,500

    Appraisal Valuation

  • Standard Deviation: 0.2151
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 267,834
  • High Value: 325,465
  • Low Value: 210,204

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $252,400
  • Assessed Land Value: $108,600
  • Assessed Improvements Value: $143,800

    Sales

  • Current Sale Contract Date: Jul 31, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41626
  • Previous Sale Recording Date: Jul 25, 2017
  • Previous Sale Amount: $155,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72679682

Frequently Asked Questions

When was property at 81 Summit Avenue built and last sold?
The property at 81 Summit Avenue was built in 1960 and last sold on Jul 31, 2020 for $200,000.
How much is this home worth?
The estimated value of the home located at 81 Summit Avenue is $193,945.
What are some comparable homes to 81 Summit Avenue?
There are currently no comparable homes to 81 Summit Avenue.
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