Fantastic opportunity for income producing or multi generational living! This single-family home is currently being utilized as a two-family, offering flexible living arrangements for today’s needs. Live in one unit while generating rental income from the other potentially offsetting your mortgage. The home has been remodeled and features 5 bedrooms (3bedrooms on one level and. 2 on the second) updated kitchens and bathrooms, enclosed porches, lots of wood floors throughout and much more! Also included is a large 40 ft Lx26 ft wide and 12 foot walls workshop-style garage, ideal for a tradesperson working from home or for additional rental income. A versatile property with strong income potential, buyer to perform due diligence regarding use.
For sale
Price cut: $25K (6/8)
$449,900
1016 Chestnut St, Palmer, MA 01069
5beds
2,616sqft
Single Family Residence
Built in 1904
0.42 Acres Lot
$445,000 Zestimate®
$172/sqft
$-- HOA
What's special
Enclosed porchesUpdated kitchens and bathrooms
- 76 days |
- 249 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Gwendolyn Levine 413-427-3735,
Executive Real Estate, Inc. 413-596-2212
Source: MLS PIN,MLS#: 73502679
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Flooring - Wood
- Level: First
Bedroom 2
- Features: Flooring - Wood
- Level: First
Bedroom 3
- Features: Flooring - Wood
- Level: First
Primary bathroom
- Features: No
Dining room
- Features: Flooring - Stone/Ceramic Tile
- Level: First
Kitchen
- Features: Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Remodeled
- Level: First
Living room
- Features: Flooring - Wood
- Level: First
Heating
- Forced Air, Oil
Cooling
- None
Appliances
- Laundry: First Floor
Features
- Flooring: Wood, Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,616
- Total interior livable area: 2,616 sqft
- Finished area above ground: 2,616
Property
Parking
- Total spaces: 12
- Parking features: Detached, Paved Drive, Off Street
- Garage spaces: 4
- Uncovered spaces: 8
Features
- Patio & porch: Porch - Enclosed, Deck - Wood
- Exterior features: Porch - Enclosed, Deck - Wood
Lot
- Size: 0.42 Acres
Details
- Parcel number: 3146920
- Zoning: TR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter, Other
Condition
- Year built: 1904
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Medical Facility, Laundromat, Highway Access, Public School
HOA
- Has HOA: No
Location
- Region: Palmer
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $328,200
- Annual tax amount: $5,957
- Date on market: 4/16/2026
Estimated market value
$445,000
$423,000 - $467,000
$2,961/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $449,900-5.3%$172/sqft |
Source: MLS PIN #73509485 Report a problem | ||
| 4/16/2026 | Listed for sale | $474,900+472.2%$182/sqft |
Source: MLS PIN #73502679 Report a problem | ||
| 7/1/1998 | Sold | $83,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,957 +22.3% | $328,200 +25.8% |
| 2024 | $4,871 +3.5% | $260,900 +7.7% |
| 2023 | $4,708 +0.7% | $242,200 +10.9% |
| 2022 | $4,674 +5% | $218,400 +11% |
| 2021 | $4,451 +34.8% | $196,700 +4.2% |
| 2020 | $3,301 -21% | $188,700 |
| 2019 | $4,178 +3.2% | $188,700 +2.9% |
| 2018 | $4,049 +2.4% | $183,400 |
| 2017 | $3,956 +8.1% | $183,400 +6.6% |
| 2016 | $3,661 | $172,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 01069
Nearby schools
GreatSchools rating
- 3/10Old Mill Pond Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 5/10Palmer High SchoolGrades: 7-12Distance: 2.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Massachusetts
- Hampden County
- Palmer
- 01069
- 1016 Chestnut St
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