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Westfield 01085
40 Phillip Ave
$196,000
● House - Off Market

40 Phillip Ave

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$355,891
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

This impeccable home that has been well maintained is awaiting someone that would like to just pack their bags and move right in.  Almost all parts of this home has been renovated. Hardwood floors in all rooms except kitchen and bath. Huge rec-room in basement that is well designed for lots of future fun activities. Laundry and bathroom are in the basement as well. Two vehicle carport adds another real benefit to this exceptional value as well as the maintenance free vinyl siding. In-ground sprinklers and economical gas heat are also additional  benefits. This home will not last long on the market!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$189
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71818678)

Price History

Date / Event Date Event Price
Jun 12, 2015 Sold
Premium
Sold
Apr 15, 2015 Listed by William Raveis R.E. & Home Services $199,900
Listed by William Raveis R.E. & Home Services
Dec 28, 2001 Sold
Premium
Sold
Aug 14, 2001 Listed by William Raveis R.E. & Home Services $133,900
Listed by William Raveis R.E. & Home Services
Jul 29, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 2
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 1,056
  • Gross Building Area: 2,784
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • 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:95 L:3
  • Lot: 3
  • Municipality: WESTFIELD
  • Latitude: 42.1031
  • Longitude: -72.7663

    Address

  • Full Address: 40 Phillip Ave
  • Address - House Number: 40
  • Address - Street Name: Phillip
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westfield
  • Carrier Code: C023
  • 4-Digit Zip Code: 4724
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $416,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 301,455
  • High Value: 361,478
  • Low Value: 241,433

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,100
  • Assessed Land Value: $98,600
  • Assessed Improvements Value: $146,500

    Sales

  • Current Sale Recording Date: Jun 12, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30613
  • Previous Sale Recording Date: Dec 28, 2001
  • Previous Sale Amount: $133,000
  • 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

$229

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2142 ft²

Average Home Age

68.7 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: 4 months ago
Data Source: MLS PIN, MLS# 71818678

Frequently Asked Questions

When was property at 40 Phillip Avenue built and last sold?
The property at 40 Phillip Avenue was built in 1955 and last sold on Jan 1, 1970 for $196,000.
How much is this home worth?
The estimated value of the home located at 40 Phillip Avenue is $201,678.
What are some comparable homes to 40 Phillip Avenue?
There are currently no comparable homes to 40 Phillip Avenue.
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