1016 Chestnut St, Palmer, MA, 01069
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1904
Materials
- Foundation: Concrete Perimeter,Other
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: First Floor
Bedroom2
- Features: Flooring - Wood
- Level: First
Bedroom3
- Features: Flooring - Wood
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Features: Flooring - Stone/Ceramic Tile
- Level: First
Features
- Flooring: Wood,Tile
- Finished area above ground: 2,616
Heating & Cooling
- Heating features: Forced Air,Oil
- Cooling features: None
Interior Area
- Total structure area: 2,616
- Total interior livable area: 2,616 sqft
Kitchen
- Features: Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Remodeled
- Level: First
Living Room
- Features: Flooring - Wood
- Level: First
Master Bathroom
- Features: No
Master Bedroom
- Features: Flooring - Wood
- Level: First
Property
Details
- Parcel number: 3146920
- Zoning: TR
Features
- Patio & porch: Porch - Enclosed,Deck - Wood
- Exterior features: Porch - Enclosed,Deck - Wood
Lot
- Lot size: 0.42 Acres
Parking
- Total spaces: 12
- Parking features: Detached,Paved Drive,Off Street
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Has uncovered spaces: Yes
- Uncovered spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,274 | $27,288 |
| Home Insurance * | $216 | $2,592 |
| Property Taxes | $668 | $8,016 |
| Electricity | $515 | $6,190 |
| Total | $3,673 | $44,076 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Listed for sale | $474,900 |
| 1998-07-01 | Sold | $83,000 |
View on Zillow