NOT LISTED FOR SALE

Estimated Value: $361,000 - $421,000

5 Beds
3 Baths
2,137 Sq Ft
$185/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $350,000 $164 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,564/month

3 Days on Market

Highlights

  • 0.68 Acre Lot
  • Community Pool
  • Park
  • Property is near public transit
  • Enclosed patio or porch
  • Shops

About This Home

As of June 2023

ATTENTION INVESTORS – great opportunity to own this legal 3 unit investment property. The building is fully occupied and will be sold with tenants in place. Tenants pay all of their own utilities except water/sewer. All tenants have month-to-month rental agreements. 1 – 3bedroom unit and 2 – 1bedroom units. Letters of Lead Inspections Compliance for each unit. Low maintenance building. Updated electrical, with 4 panels – 3 tenant and one owner. Updated plumbing. Reinforced basement walls. Newer basement windows. There is a long paved driveway for off street parking for all tenants. The 2 car garage is also rented for an additional $300/month income. Although the Seller has never occupied the property, this property is nicely maintained. Zoned Res. C. Great location with access to major highways.

Last Agent to Sell the Property

Leslie Brunelle

NRG Real Estate Services, Inc. Listed on: 05/11/2023

Last Buyer's Agent

Jennilee Madison

Lock and Key Realty Inc.

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,280

Year Built

  • Built in 1907

Lot Details

  • 0.68 Acre Lot
  • Level Lot
  • Cleared Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,137 Sq Ft Home
  • Property has 1 Level
  • Insulated Doors
  • Basement Fills Entire Space Under The House
  • Storm Doors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Bulkhead
  • Enclosed patio or porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • John J Stefanik Elementary School
  • Bellamy Middle School
  • Chicopee High School

Utilities

  • No Cooling
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $3,400
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0357 P:00002,2505329

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Community Pool
  • Park

Building Details

  • Insurance Expense $1,534
  • Water Sewer Expense $2,435
  • Operating Expense $7,266
  • Net Operating Income $33,534

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,280

Year Built

Built in 1907

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1907
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Lead Certification Available,Bathroom With Tub & Shower), Unit 2(Lead Certification Available), Unit 3(Lead Certification Available), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Mudroom), Unit 3 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Electric Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Bulkhead
  • Living Area: 2137
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: M95357
  • LIST PRICE PER Sq Ft: 152.08
  • PRICE PER Sq Ft: 163.78
  • MAIN SO: AN1364

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Block
  • Frontage Length: 120
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Electric), Unit 2(Electric), Unit 3(Electric)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2435

Lot Info

  • Parcel Number: M:0357 P:00002,2505329
  • Zoning: 5
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.68
  • Lot Size Area: 0.68
  • Lot Size Sq Ft: 29580
  • Lot Size Units: Acres
  • PAGE: 261
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4280
  • Tax Book Number: 3969

Multi Family

  • Gross Income: 40800
  • Insurance Expense: 1534
  • Net Operating Income: 33534
  • Number Of Units Total: 3
  • Operating Expense: 7266
  • Total Actual Rent: 3400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Chicopee High
  • Elementary School: John J Stefanik
  • Middle Or Junior School: Bellamy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 20, 2023
Sold by
Tergan Nt and Dossantos
Bought by
Ayala Rolando S
Seller's Agent
Leslie Brunelle
NRG Real Estate Services, Inc.
Buyer's Agent
Jennilee Madison
Lock and Key Realty Inc.
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%
Views
98
Current Estimated Value
$395,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,025
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
May 8, 1974
Bought by
Tergan Nt
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ayala Rolando S $350,000 None Available
Tergan Nt -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $350,000 +7.7% $164 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $325,000 +242.1% $152 / Sq Ft
01/04/2013 01/04/13 Sold $95,000 -23.9% $38 / Sq Ft
12/13/2012 12/13/12 Pending -- -- --
11/16/2012 11/16/12 Price Changed $124,900 -16.2% $50 / Sq Ft
10/15/2012 10/15/12 For Sale $149,000 -- $60 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,816 $317,700 $110,500 $207,200
2024 $4,567 $309,400 $108,400 $201,000
2023 $4,280 $282,500 $98,500 $184,000
2022 $4,081 $240,200 $85,600 $154,600
2021 $3,850 $218,600 $77,900 $140,700
2020 $3,654 $209,300 $77,900 $131,400
2019 $1,776 $98,900 $77,900 $21,000
2018 $1,727 $94,300 $74,300 $20,000
2017 $1,605 $92,700 $74,400 $18,300
2016 $1,451 $85,800 $74,400 $11,400
2015 $1,556 $88,700 $74,400 $14,300
2014 $778 $88,700 $74,400 $14,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73110379

MLS Property Information Network (MLS PIN)

APN: CHIC-000357-000000-000002