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Westfield 01085
48 Ridgeway St
$208,000
● House - Off Market

48 Ridgeway St

Westfield, MA 01085
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,298 Ft²
$268,155
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Wonderful older colonial home located on a tree lined street in a prime location. 4 bedrooms with natural hardwood flooring with one being on the first floor. Cozy up on a cold winters night in this homes lovely living room.  A spacious eat-in kitchen is ideal when guests come over for Holidays. Large flat yard is ideal for gardening or just playing a game of tag football. Need some extra storage ?  Look no further........... 2 car garage with storage above.
Unit Size
1,298 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$159
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1935

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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 years ago (MLSPIN #72737879)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Oct 5, 2020 Listed by Park Square Realty $206,500
Listed by Park Square Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • 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: 1,298
  • Gross Building Area: 2,073
  • Building Area: 1,298
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 6

    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:68 L:56
  • Lot: 56
  • Municipality: WESTFIELD
  • Latitude: 42.1266
  • Longitude: -72.766

    Address

  • Full Address: 48 Ridgeway St
  • Address - House Number: 48
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: St
  • State: MA
  • City Name: Westfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 2747
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396,300

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 284,664
  • High Value: 345,655
  • Low Value: 223,674

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,400
  • Assessed Land Value: $98,600
  • Assessed Improvements Value: $134,800

    Sales

  • Current Sale Contract Date: Jan 13, 2020
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3570
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72737879

Frequently Asked Questions

When was property at 48 Ridgeway Street built and last sold?
The property at 48 Ridgeway Street was built in 1935 and last sold on Jan 13, 2020 for $208,000.
How much is this home worth?
The estimated value of the home located at 48 Ridgeway Street is $0.
What are some comparable homes to 48 Ridgeway Street?
There are currently no comparable homes to 48 Ridgeway Street.
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