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Westfield 01085
116 Falley Dr
$400,000
● House - Off Market

116 Falley Dr

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,045 Ft²
$364,072
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Lovingly cared for Shaker Heights Ranch with unique floor plan.   Kitchen/granite counters, CT flooring, skylights and center island. Beautiful hardwood floors throughout. Living room with built in bookcases. Music room/study with hardwood floors. Den/cathedral ceilings, skylights, propane fireplace and CT flooring. Large MBR with cathedral ceilings and skylights .MBR bath has double vanity sinks with  corian countertops. Large hall closet adjacent to the plumbing  could possibly be a great place for a washer/dryer..Nicely finished, heated  room in basement for a fourth bedroom or rec room. Private, partially fenced yard with IG sprinklers.  Dont be deceived'''''its bigger than you think!!!   2000+ SQUARE FEET
Unit Size
2,045 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$176
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72963889)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Park Square Realty $359,900
Listed by Park Square Realty
Jun 15, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,292
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,500
  • Total Building Area: 2,045
  • Gross Building Area: 3,687
  • Building Area: 2,045
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,045
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000517
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westfield School District
  • School Tax School District: WESTFIELD SD
  • Census Tract: 812600

Geography

  • Parcel: WFLD M:126 L:6
  • Lot: 6
  • Municipality: WESTFIELD
  • Latitude: 42.0945
  • Longitude: -72.7256

    Address

  • Full Address: 116 Falley Dr
  • Address - House Number: 116
  • Address - Street Name: Falley
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Westfield
  • Carrier Code: C024
  • 4-Digit Zip Code: 4912
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 413,194
  • High Value: 493,262
  • Low Value: 333,127

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $313,600
  • Assessed Land Value: $121,500
  • Assessed Improvements Value: $192,100

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38500
  • Previous Sale Recording Date: Jun 15, 2000
  • Previous Sale Amount: $131,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Westfield

Stats & Trends

Median Asking:

$377,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2216 ft²

Average Home Age

66.4 years

Currently For Sale

62 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72963889

Frequently Asked Questions

When was property at 116 Falley Drive built and last sold?
The property at 116 Falley Drive was built in 1962 and last sold on Jun 27, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 116 Falley Drive is $373,298.
What are some comparable homes to 116 Falley Drive?
There are currently no comparable homes to 116 Falley Drive.
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