Sold
Last Sold Price
6 beds2,496 sqft
509 Springfield St, Chicopee, MA 01013
Multi FamilyProperty Type
0.12 acresLot Size
1924Year Built
$82/sq ftPrice per sq ft
6 carsParking Spaces

Description

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...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.
  • Listed by: The Kevin Moore Group • Keller Williams Realty
Listing closed: 07/24/2017 12:00 AM • Source: MLS PIN, MLS#: 72152054

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Recent comparable sales

Median sold price

$360,000

Avg days on market

25

Sale-to-list ratio

102.8%

Chicopee, MA

9 comparable properties found

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Location

Listing Courtesy of Keller Williams Realty, The Kevin Moore Group

Sold By Berkshire Hathaway HomeServices Realty Professionals, Josue Colon

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Payment Calculator

$1,330 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,094

Property Taxes

$236

HOA Dues

$0

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Property Information for 509 Springfield Street

Property Details
  • Taxes: $2,830 / year
  • MLS Type: Multi-family / 2 Family
  • Town: Chicopee
  • Area: MA-Chicopee
  • Garage Spaces: 2
  • Parking Spaces Total: 6
Building Information
  • Stories: 3
  • Residences: 2
  • Year Built: 1924
  • Lot Size: 0.12 AC / 5,227 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Laundromat
  • Current Financing: Conv. Fixed
  • Living Area: 2496.0
  • Color: Green
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Tankless Water Heater, Utility Connections for Electric Range
  • Basement Features: Full, Concrete Floor
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Features: Unit 1(Pantry, Storage), Unit 2(Pantry, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch, Patio
  • Lot Description: Cleared, Level
  • Patio And Porch Features: Porch, Patio
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(None), Unit 2(None)
  • Cooling: No
  • Electric: 200+ Amp Service, Individually Metered
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:0022 P:00055,2495676
  • Assessments: $163,500
  • Book: 8903
  • Tax Year: 2017
  • Zoning: Res
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $18,000.00
  • NOI: $18,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $1,500.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1.0

Property History for 509 Springfield Street

DateEvent & SourcePriceAppreciation
Jul 24, 2017

Sold

MLS PIN #72152054

$204,900—
May 1, 2017

Under Agreement

MLS PIN #72152054

—
May 1, 2017

Contingent

MLS PIN #72152054

—
DateEvent & SourcePrice
07/24/2017

Sold

MLS PIN #72152054

$204,900
05/01/2017

Under Agreement

MLS PIN #72152054

—
05/01/2017

Contingent

MLS PIN #72152054

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 509 Springfield Street

Taxable ValueLand$76,400Additions$202,300Total$278,700
Tax Record2025$4,225 ($352 / month)
Home Facts
Baths2Total Finished SqFt2,496 SqFtAbove Grade Finished SqFt2,496 SqFtUnfinished Basement SqFt1,248 SqFtStories2Lot Size5,000 SqFtStyleDuplexYear Built1924Year Renovated1924Zoning2CountyHAMPDENAPNCHIC M:0022 P:00055

Schools near 509 Springfield Street

This home is within Chicopee School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Bowe
PublicK to 5

Fairview Middle School
Public6 to 8

Chicopee High School
Public9 to 12

Chicopee Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 509 Springfield Street, Chicopee, MA 01013
$204,900
6
2,496
5,227
$289,900
3
1,113
4,792
$25,000
–
2
3,032
5,273
$183,000
6
2,496
5,227
$122,000
–
3
2,628
5,000
$440,750
6
3,822
0

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, The Kevin Moore Group

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.