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Westfield 01085
385 Root Rd
$45,000
● House - Off Market

385 Root Rd

Westfield, MA 01085
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,788 Ft²
$121,995
RealtyHop Estimate
103.66%
Since Dec 1, 2008
National-US
Primary Model

About This Property

PROPERTY IS IN NEED OF MAJOR RENOVATIONS! Roof is leaking causing water to go into property and down to the first floor. Use caution when looking at property due to missing stairs and holes in floor. House has much POTENTIAL for the right Buyer. Located on Beautiful 1 acre lot.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$34
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1893

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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 years ago (MLSPIN #70702920)

Price History

Date / Event Date Event Price
Dec 5, 2008 Sold
Premium
Sold
Jan 25, 2008 Listed by Keller Williams Realty $59,900
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 831
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,914
  • Gross Building Area: 3,462
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:69-R L:2
  • Lot: 2
  • Municipality: WESTFIELD
  • Latitude: 42.1855
  • Longitude: -72.7492

    Address

  • Full Address: 385 Root Rd
  • Address - House Number: 385
  • Address - Street Name: Root
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 9829
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $450,000

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 313,486
  • High Value: 364,332
  • Low Value: 262,639

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,000
  • Assessed Land Value: $120,700
  • Assessed Improvements Value: $144,300

    Sales

  • Current Sale Recording Date: Dec 05, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 77615
  • Previous Sale Recording Date: Nov 13, 2008
  • Previous Sale Amount: $45,000
  • 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:

$375,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2203 ft²

Average Home Age

66 years

Currently For Sale

67 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 years ago
Data Source: MLS PIN, MLS# 70702920

Frequently Asked Questions

When was property at 385 Root Road built and last sold?
The property at 385 Root Road was built in 1893 and last sold on Jan 1, 1970 for $70,000.
How much is this home worth?
The estimated value of the home located at 385 Root Road is $75,569.
What are some comparable homes to 385 Root Road?
There are currently no comparable homes to 385 Root Road.
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