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Westfield 01085
5 Lathrop
$385,000
● House - Off Market

5 Lathrop

Westfield, MA 01085
bedrooms
6 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,287 Ft²
$637,701
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

"5 Lathrop" is an antique Colonial with an 18th century award-winning addition partially constructed from housing components salvaged when Quabbin Reservoir was built. Positioned on a bluff lot within walking distance to Stanley Park and Westfield State University, it has an updated kitchen with granite counter tops, stainless appliances and dining area open to a sitting room that has large windows and picturesque views. A newer heating system, central air are just some of the many amazing features. There are 6 bedrooms, with 4 full bathrooms and 2 half-baths. This unique and stately home will amaze you with its character, elegance and comfort.
Unit Size
3,287 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$122
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1925

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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: 6 months ago (MLSPIN #72115100)

Price History

Date / Event Date Event Price
Aug 16, 2017 Sold
Premium
Sold
Feb 2, 2017 Listed by Witalisz & Associates, Inc. $399,900
Listed by Witalisz & Associates, Inc.
Sep 11, 2000 Sold
Premium
Sold
Jun 19, 2000 Listed $289,900
Listed
UNIQUE COLONIAL CAPE/AN ADDITION FEATURING MANY 17TH CENTURY MATERIALS. UPDATED KIT/CHERRY CABINETS, SPACIOUS LR & DR. QUIET CUL DE SAC STREET NEAR STANLEY PARK. $300 CREDIT FOR BACK STAIRCASE. KIT FAUCET TO BE REPLACED. NO GAR. REMOTES.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,415
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,407
  • Total Building Area: 3,011
  • Gross Building Area: 5,849
  • Building Area: 3,011
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,011
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUFFIELD STREET COOPER STREET
  • Land Acres: 0000000905
  • 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:46 L:17
  • Lot: 17
  • Municipality: WESTFIELD
  • Latitude: 42.1231
  • Longitude: -72.7736

    Address

  • Full Address: 5 Lathrop Ave
  • Address - House Number: 5
  • Address - Street Name: Lathrop
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 2608
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $876,700

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 573,399
  • High Value: 671,597
  • Low Value: 475,201

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,300
  • Assessed Land Value: $129,600
  • Assessed Improvements Value: $386,700

    Sales

  • Current Sale Recording Date: Aug 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47488
  • Previous Sale Recording Date: Aug 09, 2017
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: 71
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:

$385,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2189 ft²

Average Home Age

74.2 years

Currently For Sale

58 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: 6 months ago
Data Source: MLS PIN, MLS# 72115100

Frequently Asked Questions

When was property at 5 Lathrop Avenue built and last sold?
The property at 5 Lathrop Avenue was built in 1925 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 5 Lathrop Avenue is $402,851.
What are some comparable homes to 5 Lathrop Avenue?
There are currently no comparable homes to 5 Lathrop Avenue.
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