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Westfield 01085
L 129 Prospect Street
$175,000
● Land - Off Market

L 129 Prospect Street

Springfield, MA 01107
bedrooms
Studio
bathrooms
0 Bath
$408,071
RealtyHop Estimate
133.18%
Since Jun 1, 2003
National-US
Primary Model

About This Property

POSSIBLE SUB-DIVISION IN AREA OF NEW HOME SUBDIVISIONS. BUYER TO OBTAIN ALL NECESSARY PERMITS AND PERKS AT BUYERS EXPENSE. BEAUTIFUL TRACT OF LAND. GREAT OPPORTUNITY.  CALL LISTING AGENT FOR MORE DETAILS.
Unit Size
-
Days on Market
-
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1950

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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 years ago (MLSPIN #30618486)

Price History

Date / Event Date Event Price
Jun 28, 2019 Sold
Premium
Sold
Apr 24, 2019 Listed by Beltrandi & Company $194,000
Listed by Beltrandi & Company
Feb 23, 2010 Sold
Premium
Sold
May 1, 2003 Sold
Premium
Sold
Jun 18, 2002 Listed by Beltrandi & Company $175,000
Listed by Beltrandi & Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 592
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 592
  • Gross Building Area: 3,108
  • Building Area: 592
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 592
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 812800

Geography

  • Parcel: WFLD M:40-R L:20
  • Lot: 20
  • Municipality: WESTFIELD
  • Latitude: 42.1381
  • Longitude: -72.7615

    Address

  • Full Address: 129 Prospect Street Ext
  • Address - House Number: 129
  • Address - Street Name: Prospect Street
  • Address - Suffix Type: Ext
  • State: MA
  • City Name: Westfield
  • Carrier Code: C007
  • 4-Digit Zip Code: 1535
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,700

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 287,261
  • High Value: 343,423
  • Low Value: 231,098

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,200
  • Assessed Land Value: $95,400
  • Assessed Improvements Value: $118,800

    Sales

  • Current Sale Contract Date: Jun 21, 2019
  • Current Sale Recording Date: Jun 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35637
  • Previous Sale Recording Date: Feb 23, 2010
  • Previous Sale Amount: $115,000
  • 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:

$375,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2210 ft²

Average Home Age

66.6 years

Currently For Sale

64 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30618486

Frequently Asked Questions

When was property at 129 Prospect Street built and last sold?
The property at 129 Prospect Street was built in 1950 and last sold on Jun 21, 2019 for $194,000.
How much is this home worth?
The estimated value of the home located at 129 Prospect Street is $0.
What are some comparable homes to 129 Prospect Street?
There are currently no comparable homes to 129 Prospect Street.
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