NOT LISTED FOR SALE

Estimated Value: $435,000 - $530,000

6 Beds
3 Baths
3,813 Sq Ft
$131/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $476,000 $125 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,081/month

5 Days on Market

Highlights

  • Property is near public transit and schools
  • Jogging Path
  • Living Room
  • Wood Flooring
  • Window Unit Cooling System
  • Park

About This Home

As of October 2024

H&B offers by Tuesday 12pm - Attention owner occupants & mufti-family enthusiasts - YOU MUST come see this 3 family home in a prime location! 450 Broadway St. is a beautifully maintained, income-generating three family home in a sought-after neighborhood in the fabulous city of Chicopee, MA. This impressive residence offers three mirroring units, each featuring spacious layouts, hardwood floors & clean finishes. To add on to this properties glorious presence, it features a two-car garage for extra comfort or income. Don't miss your chance to own this exceptional multi-family home. The 3 family right next door sold for $455k - Whether you're looking to expand your portfolio or find a place that pays for itself, this is the opportunity you've been waiting for! Come on out & Let's Real Estate, together!

Last Agent to Sell the Property

Armando Olivares

Coldwell Banker Realty - Western MA Listed on: 08/22/2024

Coldwell Banker Realty - Western MA

Last Buyer's Agent

Liani De La Rosa

RE/MAX IGNITE

RE/MAX IGNITE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,351

Year Built

  • Built in 1917

Lot Details

  • 6,250

Parking

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

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,813 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Storage
  • Unfinished Basement

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil

Additional Features

  • 6,250 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,100
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:0068 P:00047,2497698

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park
  • Jogging Path

Additional Features

  • Shops
  • Net Operating Income $49,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,351

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1917
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Vinyl, Hardwood
  • Interior Amenities: Ceiling Fan(s), Storage, Living Room, Dining Room, Kitchen, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 3813
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN4072
  • MAIN SO: AN2829

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • 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: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Oil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Oil, Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0068 P:00047,2497698
  • Zoning: 2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6250
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5351

Multi Family

  • Net Operating Income: 49200
  • Number Of Units Total: 3
  • Total Actual Rent: 4100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 15, 2024
Sold by
Maldonado Mark
Bought by
Luna Fani
Seller's Agent
Armando Olivares
Coldwell Banker Realty - Western MA
Buyer's Agent
Liani De La Rosa
RE/MAX IGNITE
List Price
$455,000
Sold Price
$476,000
Premium/Discount to List
$21,000
4.62%
Views
20
Current Estimated Value
$497,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,677
Avg. Annual Appreciation
3.72%
Original Mortgage
$380,800
Outstanding Balance
$376,044
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$121,633

Purchase Details

Listed on
Aug 26, 2021
Closed on
Oct 26, 2021
Sold by
Halama Maria
Bought by
Maldonado Mark
Seller's Agent
Grace Goddard
Keller Williams Realty
Buyer's Agent
Lisa Luciano
Fathom Realty
List Price
$329,900
Sold Price
$345,000
Premium/Discount to List
$15,100
4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.41%
Original Mortgage
$327,750
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2001
Sold by
Twining James L
Bought by
Halama Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1998
Sold by
Bankboston
Bought by
Twining James L

Purchase Details

Closed on
Dec 2, 1997
Sold by
Downie James W and Downie Linda G
Bought by
Bankboston
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Luna Fani $476,000 None Available
Luna Fani $476,000 None Available
Maldonado Mark $345,000 None Available
Maldonado Mark $345,000 None Available
Halama Maria $155,000 --
Halama Maria $155,000 --
Twining James L $65,000 --
Twining James L $65,000 --
Bankboston $69,906 --
Bankboston $69,906 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Fani $380,800
Closed Luna Fani $380,800
Previous Owner Maldonado Mark $327,750
Previous Owner Bankboston $99,000
Previous Owner Bankboston $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $476,000 +4.6% $125 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $455,000 +31.9% $119 / Sq Ft
10/26/2021 10/26/21 Sold $345,000 +4.6% $90 / Sq Ft View Prior Sale
09/02/2021 09/02/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $329,900 -- $87 / 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 $5,770 $380,600 $82,500 $298,100
2024 $5,351 $362,500 $80,800 $281,700
2023 $4,956 $327,100 $73,500 $253,600
2022 $4,519 $266,000 $63,900 $202,100
2021 $4,288 $243,500 $58,100 $185,400
2020 $3,948 $226,100 $58,100 $168,000
2019 $3,912 $217,800 $58,100 $159,700
2018 $3,821 $208,700 $55,300 $153,400
2017 $3,772 $217,900 $55,300 $162,600
2016 $3,132 $185,200 $55,300 $129,900
2015 $3,233 $184,300 $55,300 $129,000
2014 $3,043 $184,300 $55,300 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73278563

MLS Property Information Network (MLS PIN)

APN: CHIC-000068-000000-000047