NOT LISTED FOR SALE

509 Springfield St Chicopee, MA 01013

Chicopee Center Neighborhood

Estimated Value: $315,938 - $407,000

6 Beds
2 Baths
2,496 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 24, 2017

Last sale price $204,900 $82 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,258/month

24 Days on Market

About This Home

As of July 2017

Chicopee income producer. Updates by the current owner are as follows. New electrical service panels (2002), New Weil McClain Boilers (2003), Replaced oil burners with high efficiency natural gas burners for both boilers (2015), Removed old roof and replaced with new 30 year architectural shingles (2003), New replacement windows (2005), and blown in insulation in all exterior walls (1996). Currently both units are rented out below value and that is showing a capitalization rate of over 9%. When the rents are adjusted to where they should be the capitalization rate will be over 12%. This will be an awesome income producer. The building is in very good shape and has been well maintained throughout the current ownership.

Last Agent to Sell the Property

Kevin Moore

Executive Real Estate, Inc. Listed on: 04/23/2017

Executive Real Estate, Inc.

Last Buyer's Agent

Josh Colon

Berkshire Hathaway HomeServices Realty Professionals

Berkshire Hathaway HomeServices Realty Professionals

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Cleared, Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1924

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Park, Laundromat
  • Electric: 200 Amps, Individually Metered
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Vinyl, Hardwood
  • Basement: Full, Concrete Floor
  • Full Bathrooms: 2
  • Total Levels: 2
  • Main Lo: M95273
  • Main So: M95209
  • Estimated Sq Ft: 2496.00

Exterior Features

  • Construction: Frame
  • Exterior: Composite
  • Exterior Features: Porch, Patio, Gutters
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Electric Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:0022 P:00055
  • Zoning: Res
  • Acre: 0.12
  • Lot Size: 5227.00

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 12
  • Total Rent_1: 1500
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2017
Closed on
Jul 17, 2017
Sold by
Brunette Douglas P and Brunette Jennifer A
Bought by
Vazquez Brian
Seller's Agent
Kevin Moore
Executive Real Estate, Inc.
Buyer's Agent
Josh Colon
Berkshire Hathaway HomeServices Realty Professionals
List Price
$199,900
Sold Price
$204,900
Premium/Discount to List
$5,000
2.5%
Current Estimated Value
$363,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,585
Avg. Annual Appreciation
7.08%
Original Mortgage
$194,655
Outstanding Balance
$161,947
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$201,538

Purchase Details

Closed on
Oct 9, 2012
Sold by
Brunette Jennifer A
Bought by
Jankowski Jennifer A and Brunette Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1994
Sold by
Racine Philip R and Racine Martha T
Bought by
Jankowski Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,200
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Vazquez Brian $204,900 --
Jankowski Jennifer A -- --
Jankowski Jennifer A $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Brian $194,655
Previous Owner Jankowski Jennifer A $115,500
Previous Owner Jankowski Jennifer A $84,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2017 07/24/17 Sold $204,900 +2.5% $82 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
04/23/2017 04/23/17 For Sale $199,900 -- $80 / 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 $4,225 $278,700 $76,400 $202,300
2024 $3,997 $270,800 $74,900 $195,900
2023 $3,731 $246,300 $68,100 $178,200
2022 $3,651 $214,900 $59,200 $155,700
2021 $4,360 $196,600 $53,800 $142,800
2020 $3,291 $188,500 $53,800 $134,700
2019 $3,211 $178,800 $53,800 $125,000
2018 $4,058 $171,500 $51,300 $120,200
2017 $2,830 $163,500 $51,300 $112,200
2016 $2,672 $158,000 $51,300 $106,700
2015 $2,857 $162,900 $51,300 $111,600
2014 $1,429 $162,900 $51,300 $111,600
Source: Public Records

Agents Affiliated with this Home

  • Kevin Moore

    Seller's Agent in 2017

    Kevin Moore

    Executive Real Estate, Inc.

    (413) 668-5374

    2 in this area

    118 Total Sales

    Kevin Moore
    Section Image
  • Josh Colon

    Buyer's Agent in 2017

    Josh Colon

    Berkshire Hathaway HomeServices Realty Professionals

    (413) 246-1398

    4 Total Sales

    Josh Colon
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72152054

MLS Property Information Network (MLS PIN)

APN: CHIC-000022-000000-000055

Massachusetts Hampden County Chicopee 01013 Chicopee Center

509 Springfield St, Chicopee, MA

Not Listed for Sale

MultiFamily

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