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Westfield 01085
31 Ridgeway St
$147,000
● House - Off Market

31 Ridgeway St

Westfield, MA 01085
bedrooms
2 Beds
bathrooms
1 Bath
square feet
948 Ft²
$229,929
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

A wonderful spot for this cozy 2 bedroom home.  Located just a few minutes from downtown yet feel like your way out!  A large semi private yard with fenced areas, a storage shed and a 12' x 21' deck give plenty of space to spread out. The home is small but efficient with high efficiency, natural gas FWA heating (2008), natural gas Hot Water and Central Air (unit replaced 2017)!  All triple pane windows except the bathroom bay window.  The furnace and a/c unit have been on a maintenance program since new. The roof was reshingled in 2015.  A 20' x 20' metal garage built in 2011 gives extra storage and work space.   Priced competitively below the assessed value so act fast!
Unit Size
948 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$160
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1926

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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 #72377587)

Price History

Date / Event Date Event Price
Nov 30, 2018 Sold
Premium
Sold
Aug 11, 2018 Listed by Maak Real Estate $151,500
Listed by Maak Real Estate
Oct 7, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,800
  • Total Building Area: 948
  • Gross Building Area: 1,252
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 948
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000661
  • 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:72 L:7
  • Lot: 7
  • Municipality: WESTFIELD
  • Latitude: 42.1269
  • Longitude: -72.7665

    Address

  • Full Address: 31 Ridgeway St
  • Address - House Number: 31
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: St
  • State: MA
  • City Name: Westfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 2744
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $342,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 260,506
  • High Value: 316,321
  • Low Value: 204,692

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,900
  • Assessed Land Value: $104,800
  • Assessed Improvements Value: $97,100

    Sales

  • Current Sale Recording Date: Nov 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 71637
  • Previous Sale Recording Date: Oct 07, 1994
  • Previous Sale Amount: $112,500
  • 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:

$385,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2192 ft²

Average Home Age

73.7 years

Currently For Sale

55 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# 72377587

Frequently Asked Questions

When was property at 31 Ridgeway Street built and last sold?
The property at 31 Ridgeway Street was built in 1926 and last sold on Jan 1, 1970 for $147,000.
How much is this home worth?
The estimated value of the home located at 31 Ridgeway Street is $157,297.
What are some comparable homes to 31 Ridgeway Street?
There are currently no comparable homes to 31 Ridgeway Street.
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