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Westfield 01085
45 Old Farm Road
$235,000
● House - Off Market

45 Old Farm Road

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,428 Ft²
$348,569
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

This 3 bedroom home has so much potential.  Second floor has 2 partially finished bedrooms and studded for a full bath.  Bedrooms just need carpeting to make it complete.  New boiler installed December 2018.  New oil tank recently installed.  Title V passed and certificate on file.  House has been freshly painted this past December.  This home is ready for your personal touches.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$165
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1973

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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 #72436765)

Price History

Date / Event Date Event Price
Apr 12, 2019 Sold
Premium
Sold
Jan 3, 2019 Listed by Witalisz & Associates, Inc. $234,900
Listed by Witalisz & Associates, Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 816
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,250
  • Total Building Area: 1,428
  • Gross Building Area: 2,608
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000557
  • 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: 812600

Geography

  • Parcel: WFLD M:145 L:29
  • Lot: 29
  • Municipality: WESTFIELD
  • Latitude: 42.0923
  • Longitude: -72.7493

    Address

  • Full Address: 45 Old Farm Rd
  • Address - House Number: 45
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westfield
  • Carrier Code: C024
  • 4-Digit Zip Code: 5017
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,300

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 337,592
  • High Value: 403,827
  • Low Value: 271,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,100
  • Assessed Land Value: $112,800
  • Assessed Improvements Value: $145,300

    Sales

  • Current Sale Contract Date: Apr 05, 2019
  • Current Sale Recording Date: Apr 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18462
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

2116 ft²

Average Home Age

65.3 years

Currently For Sale

69 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# 72436765

Frequently Asked Questions

When was property at 45 Old Farm Road built and last sold?
The property at 45 Old Farm Road was built in 1973 and last sold on Apr 5, 2019 for $233,000.
How much is this home worth?
The estimated value of the home located at 45 Old Farm Road is $242,812.
What are some comparable homes to 45 Old Farm Road?
There are currently no comparable homes to 45 Old Farm Road.
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