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Westfield 01085
18 Morgan Ave
$270,000
● House - Off Market

18 Morgan Ave

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$284,222
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

This well loved ranch has been in the same family since it was built in the 1960's.  This home consists of three bedrooms, two full baths, rooms are all good size, first floor laundry, hardwood flooring, unique built ins, and storage space. Some updates in the past few years include new water meter installation, gutters and gutter guards installed in 2021, Roof is less than ten years old, water heater and insulated windows in the living room and bedrooms. The property also includes an attached garage, storage sheds, a large backyard, perfect for outdoor entertaining or gardening.  This is an estate sale and the house is being sold "As-Is"  With some sweat equity and a little vision, this property has the potential to become your dream home.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$196
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1961

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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: 5 months ago (MLSPIN #73097912)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
May 3, 2023 In contract -
In contract
Apr 12, 2023 Listed by William Raveis R.E. & Home Services $285,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,456
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,500
  • Total Building Area: 1,456
  • Gross Building Area: 3,294
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000264
  • 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: 812500

Geography

  • Parcel: WFLD M:223 L:57
  • Lot: 57
  • Municipality: WESTFIELD
  • Latitude: 42.1322
  • Longitude: -72.7358

    Address

  • Full Address: 18 Morgan Ave
  • Address - House Number: 18
  • Address - Street Name: Morgan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westfield
  • Carrier Code: C030
  • 4-Digit Zip Code: 1920
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $417,400

    Appraisal Valuation

  • Standard Deviation: 0.2059
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 303,025
  • High Value: 365,445
  • Low Value: 240,605

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,800
  • Assessed Land Value: $84,900
  • Assessed Improvements Value: $160,900

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 31184
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:

$379,950

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2121 ft²

Average Home Age

70.9 years

Currently For Sale

60 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: 5 months ago
Data Source: MLS PIN, MLS# 73097912

Frequently Asked Questions

When was property at 18 Morgan Avenue built and last sold?
The property at 18 Morgan Avenue was built in 1961 and last sold on Jul 7, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 18 Morgan Avenue is $289,888.
What are some comparable homes to 18 Morgan Avenue?
There are currently no comparable homes to 18 Morgan Avenue.
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