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Westfield 01085
41 Prospect St
$318,000
● House - Off Market

41 Prospect St

Westfield, MA 01085
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,738 Ft²
$1,837
Est. Monthly

About This Property

Everything has been done, all that's left is to move in! So many updates, where to begin. This fully updated kitchen features brand new stainless steel appliances, cabinets, granite counter tops and recessed lighting. Brand new vinyl flooring and carpeting throughout. This property features two updated full baths, one on each floor. A newer heating system recently installed (APO). The basement has been sealed with Drylok. Electrical components have been updated throughout. All this on .21 acres of land! Come see for yourself!     No showings prior to Open House!
Unit Size
1,738 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$178
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1911

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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 #73149186)

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold
Premium
Sold
Nov 22, 2023 In contract -
In contract
Oct 30, 2023 Price Decreased $309,900
↓ $5K (1.6%)
Price Decreased
Aug 31, 2023 Price Increased $314,900
↑ $5K (1.6%)
Price Increased
Aug 16, 2023 Listed by Homes Logic Real Estate, LLC $309,900
Listed by Homes Logic Real Estate, LLC
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • 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: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 1,012
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,976
  • Total Building Area: 1,738
  • Gross Building Area: 3,469
  • Building Area: 1,738
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,738
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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:203 L:46
  • Lot: 46
  • Municipality: WESTFIELD
  • Latitude: 42.136
  • Longitude: -72.7501

    Address

  • Full Address: 41 Prospect St
  • Address - House Number: 41
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Westfield
  • Carrier Code: C007
  • 4-Digit Zip Code: 1554
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $378,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 306,569
  • High Value: 333,231
  • Low Value: 279,907

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $222,700
  • Assessed Land Value: $84,000
  • Assessed Improvements Value: $138,700

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60922
  • Previous Sale Recording Date: May 06, 2022
  • Previous Sale Contract Date: May 05, 2022
  • Previous Sale Amount: $200,000
  • 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

$230

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2203 ft²

Average Home Age

67.3 years

Currently For Sale

65 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# 73149186

Frequently Asked Questions

When was property at 41 Prospect Street built and last sold?
The property at 41 Prospect Street was built in 1911 and last sold on Dec 21, 2023 for $318,000.
How much is this home worth?
The estimated value of the home located at 41 Prospect Street is $317,257.
What are some comparable homes to 41 Prospect Street?
There are currently no comparable homes to 41 Prospect Street.
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