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Westfield 01085
2 Western Ave
$275,000
● House - Off Market

2 Western Ave

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,499 Ft²
$273,284
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Don't judge this book by it's cover - construction out front will give new curb appeal with new sidewalk and roadway that will lead to the center of town and Rail Trail bike trail just to the southeast or head west to Stanley Park and Westfield State University. Inside you'll love the space in the large living room with hardwood floors that opens to the dining room. Butler pantry between kitchen and dining room has a built-in hutch and access to the fenced backyard with perennial gardens. Option to have laundry on second floor. Wood floors throughout.
Unit Size
1,499 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$183
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1930

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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 #73127131)

Price History

Date / Event Date Event Price
Sep 20, 2023 Sold
Premium
Sold
Aug 15, 2023 In contract -
In contract
Jul 30, 2023 Relisted $175,000
Relisted
Jul 21, 2023 In contract -
In contract
Jul 10, 2023 Relisted $175,000
Relisted
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 754
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,575
  • Total Building Area: 1,499
  • Gross Building Area: 2,262
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000381
  • 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: 812901

Geography

  • Parcel: WFLD M:35 L:6
  • Lot: 6
  • Municipality: WESTFIELD
  • Latitude: 42.1193
  • Longitude: -72.7647

    Address

  • Full Address: 2 Western Ave
  • Address - House Number: 2
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 2602
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $437,100

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 307,326
  • High Value: 373,172
  • Low Value: 241,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,400
  • Assessed Land Value: $109,400
  • Assessed Improvements Value: $148,000

    Sales

  • Current Sale Contract Date: Sep 20, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 44524
  • Previous Sale Recording Date: Nov 06, 2015
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71
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

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2116 ft²

Average Home Age

65.3 years

Currently For Sale

69 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# 73127131

Frequently Asked Questions

When was property at 2 Western Avenue built and last sold?
The property at 2 Western Avenue was built in 1930 and last sold on Sep 20, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 2 Western Avenue is $278,174.
What are some comparable homes to 2 Western Avenue?
There are currently no comparable homes to 2 Western Avenue.
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