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Westfield 01085
314 Russell Rd
$287,138
● House - Off Market

314 Russell Rd

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,350 Ft²
$281,348
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Lovely Farmhouse/Colonial within walking distance to WSU, Stanley Park and Downtown! Large, fully-fenced 0.53 acre level lot gives you tons of space for creating or entertaining - complete with fenced garden, fire pit area and chicken coop! Enjoy one of the 2 country covered porches sipping your morning coffee or relaxing at night watching the sun set. Interior has all the right updates throughout including kitchen, bath, and newer gas heating system (2006). Fresh paint and hardwoods throughout most, just enough original woodwork to keep its classic charm. Full walk-up attic could be an amazing bonus space and provide instant equity! Move right in and start living the good life! Showings begin at Public open house Saturday 6/4 from 12-2.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$204
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1928

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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 #72990124)

Price History

Date / Event Date Event Price
Jul 6, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by Park Square Realty $275,000
Listed by Park Square Realty
Sep 30, 2016 Sold
Premium
Sold
Jul 26, 2016 Listed by Park Square Realty $194,900
Listed by Park Square Realty
Feb 19, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,166
  • Total Building Area: 1,350
  • Gross Building Area: 2,946
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000532
  • 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: 812902

Geography

  • Parcel: WFLD M:53 L:17
  • Lot: 17
  • Municipality: WESTFIELD
  • Latitude: 42.1274
  • Longitude: -72.778

    Address

  • Full Address: 314 Russell Rd
  • Address - House Number: 314
  • Address - Street Name: Russell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 2159
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 297,501
  • High Value: 356,736
  • Low Value: 238,266

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $218,000
  • Assessed Land Value: $88,700
  • Assessed Improvements Value: $129,300

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40859
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Amount: $177,000
  • 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

52

Average Home Size

2131 ft²

Average Home Age

65.5 years

Currently For Sale

68 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72990124

Frequently Asked Questions

When was property at 314 Russell Road built and last sold?
The property at 314 Russell Road was built in 1928 and last sold on Jul 6, 2022 for $287,138.
How much is this home worth?
The estimated value of the home located at 314 Russell Road is $273,054.
What are some comparable homes to 314 Russell Road?
There are currently no comparable homes to 314 Russell Road.
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