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Chicopee 01020
85 Murphy Ln
$342,000
● House - Off Market

85 Murphy Ln

Chicopee, MA 01020
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,052 Ft²
$361,700
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Move right in and make this home yours!  This home has been exceptionally cared for by the same family since built in 1965!  Ready for the next buyer to make it their own!  You will find a large eat in kitchen with plenty of hardwood cabinets, and appliances to remain such as flat top range, dishwasher, and fridge with ice maker.  There are 2 bedrooms on the first level with full bath and large living room with bay window.  Upstairs is another full bath with two large bedrooms.  There is a full basement that has been partially finished on one side and laundry with storage on the other side.  You will find a beautiful large fenced in back yard with an in-ground pool for your enjoyment.
Unit Size
2,052 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$171
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1965

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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 #73053360)

Price History

Date / Event Date Event Price
Mar 16, 2023 Sold
Premium
Sold
Feb 14, 2023 In contract -
In contract
Oct 29, 2022 Listed by Coldwell Banker Realty - Western MA $351,000
Listed by Coldwell Banker Realty - Western MA

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 400
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,080
  • Total Building Area: 1,140
  • Gross Building Area: 3,088
  • Building Area: 1,140
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,140
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • 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: 810602

Zoning

  • Zoning: 12

Geography

  • Account Number: 325-00013
  • Parcel: CHIC M:0325 P:00013
  • Municipality: CHICOPEE
  • Latitude: 42.1734
  • Longitude: -72.5253

    Address

  • Full Address: 85 Murphy Ln
  • Address - House Number: 85
  • Address - Street Name: Murphy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Chicopee
  • Carrier Code: C050
  • 4-Digit Zip Code: 4834
  • Zip Code: 01020

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $440,900

    Appraisal Valuation

  • Standard Deviation: 0.1971
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 328,711
  • High Value: 393,516
  • Low Value: 263,905

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $298,700
  • Assessed Land Value: $130,700
  • Assessed Improvements Value: $168,000

    Sales

  • Current Sale Contract Date: Mar 16, 2023
  • Current Sale Recording Date: Mar 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 233291

    Financing

  • First Mortgage Financing Type: ADJ
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

Unit for rent at 800 6th Ave., AGAWAM, MA, 1001

$8,269 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
800 6th Ave. #27G-1, AGAWAM, MA, 1001 Listing by Leasing Office

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73053360

Frequently Asked Questions

When was property at 85 Murphy Lane built and last sold?
The property at 85 Murphy Lane was built in 1965 and last sold on Mar 16, 2023 for $342,000.
How much is this home worth?
The estimated value of the home located at 85 Murphy Lane is $358,934.
What are some comparable homes to 85 Murphy Lane?
There are currently no comparable homes to 85 Murphy Lane.
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