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Westfield 01085
2 Oak Terrace
$150,000
● House - Off Market

2 Oak Terrace

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,439 Ft²
$301,597
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

This charming cape has gleaming hardwood floors just refinished and most walls newly painted.   An open first floor  has a wood burning fireplace  and crown molding in the  large living room and french doors to the sunroom.  There's a formal dining room and cute kitchen overlooking the back yard.  All appliances and 3 window air conditioners are included.
Unit Size
1,439 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$108
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1931

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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 #71450694)

Price History

Date / Event Date Event Price
Sep 18, 2013 Sold
Premium
Sold
Oct 24, 2012 Listed by Coldwell Banker Residential Brokerage - Westfield $154,900
Listed by Coldwell Banker Residential Brokerage - Westfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,058
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,905
  • Total Building Area: 1,130
  • Gross Building Area: 3,056
  • Building Area: 1,130
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,130
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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: 812701

Geography

  • Parcel: WFLD M:31 L:8
  • Lot: 8
  • Municipality: WESTFIELD
  • Latitude: 42.1162
  • Longitude: -72.7586

    Address

  • Full Address: 2 Oak Ter
  • Address - House Number: 2
  • Address - Street Name: Oak
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Westfield
  • Carrier Code: C019
  • 4-Digit Zip Code: 4332
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $360,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 271,122
  • High Value: 319,909
  • Low Value: 222,334

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,200
  • Assessed Land Value: $97,500
  • Assessed Improvements Value: $114,700

    Sales

  • Current Sale Recording Date: Sep 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60011
  • Previous Sale Recording Date: Sep 18, 2013
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: O
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

$229

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2232 ft²

Average Home Age

65.9 years

Currently For Sale

61 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# 71450694

Frequently Asked Questions

When was property at 2 Oak Terrace built and last sold?
The property at 2 Oak Terrace was built in 1931 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 2 Oak Terrace is $165,574.
What are some comparable homes to 2 Oak Terrace?
There are currently no comparable homes to 2 Oak Terrace.
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