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Westfield 01085
28 Root Rd
$180,000
● House - Off Market

28 Root Rd

Westfield, MA 01085
bedrooms
2 Beds
bathrooms
1 Bath
square feet
990 Ft²
$156,006
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Cape style home with 7 rooms and 2 bedrooms and one bath. Garage has been converted into 2 additional rooms and rooms in garage ( 22x24) are not heated. Enclosed porch between house and garage. Large lot of 4.25 acres. Buyer responsible for smoke/co cert. Buyer responsible for final water bill. Buyer responsible for $5,000 negotiation fee at closing. Sold "AS IS" where is. Subject to 3rd party short sale approval. Buyer to verify all information in listing and verify usage with City of Westfield. Best and final offers due Monday 7/18/22 at noon.
Unit Size
990 Ft²
Days on Market
-
Land Size
4.25 acres
Price per sqft
$152
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1941

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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 #73009358)

Price History

Date / Event Date Event Price
Mar 29, 2023 Sold
Premium
Sold
Sep 15, 2022 Sold
Premium
Sold
Jul 8, 2022 Listed by Skye Mountain Realty, Inc. $150,000
Listed by Skye Mountain Realty, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 185,130
  • Total Building Area: 990
  • Gross Building Area: 2,961
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 990
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004250
  • 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:55-R L:31
  • Lot: 31
  • Municipality: WESTFIELD
  • Latitude: 42.162
  • Longitude: -72.7507

    Address

  • Full Address: 28 Root Rd
  • Address - House Number: 28
  • Address - Street Name: Root
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 9830
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $408,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 228,933
  • High Value: 277,404
  • Low Value: 180,461

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,600
  • Assessed Land Value: $103,900
  • Assessed Improvements Value: $136,700

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14011
  • Previous Sale Recording Date: Sep 15, 2022
  • Previous Sale Contract Date: Sep 09, 2022
  • Previous Sale Amount: $180,000
  • 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:

$375,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2273 ft²

Average Home Age

65.2 years

Currently For Sale

63 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73009358

Frequently Asked Questions

When was property at 28 Root Road built and last sold?
The property at 28 Root Road was built in 1941 and last sold on Mar 24, 2023 for $65,000.
How much is this home worth?
The estimated value of the home located at 28 Root Road is $159,410.
What are some comparable homes to 28 Root Road?
There are currently no comparable homes to 28 Root Road.
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