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Westfield 01085
59 Putnam Drive
$300,000
● House - Off Market

59 Putnam Drive

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$306,926
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Great ranch in a desirable neighborhood. Gas heat with Central Air, A bright living room with a bay window, and hardwood floors. A spacious dining room with a bay window open to the kitchen. The kitchen has a breakfast nook with a bay window overlooking a large fenced backyard. Three bedrooms all with hardwood floors. Additional living space in the lower level great bonus room. Built-in storage. Workshop. Bulkhead. Laundry room with sink.  Plenty of cabinets and countertops. Attached garage with a storage area. A large fenced yard is a covered porch and huge storage shed. This home has a lot to offer. Seller to find suitable housing. Presently under contract.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$288
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1955

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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 #72987901)

Price History

Date / Event Date Event Price
Jul 22, 2022 Sold
Premium
Sold
May 31, 2022 Listed by Berkshire Hathaway HomeServices Realty Professionals $300,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
Sep 28, 2020 Sold
Premium
Sold
Aug 9, 2020 Listed by Berkshire Hathaway HomeServices Realty Professionals $238,800
Listed by Berkshire Hathaway HomeServices Realty Professionals
Apr 30, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

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: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,450
  • Total Building Area: 1,040
  • Gross Building Area: 2,450
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000263
  • 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:75 L:29
  • Lot: 29
  • Municipality: WESTFIELD
  • Latitude: 42.1259
  • Longitude: -72.776

    Address

  • Full Address: 59 Putnam Dr
  • Address - House Number: 59
  • Address - Street Name: Putnam
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Westfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 2627
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $416,900

    Appraisal Valuation

  • Standard Deviation: 0.1858
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 310,614
  • High Value: 368,326
  • Low Value: 252,901

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,500
  • Assessed Land Value: $98,500
  • Assessed Improvements Value: $147,000

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 44665
  • Previous Sale Recording Date: Sep 28, 2020
  • Previous Sale Contract Date: Sep 24, 2020
  • Previous Sale Amount: $248,800
  • 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:

$377,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2216 ft²

Average Home Age

66.4 years

Currently For Sale

62 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# 72987901

Frequently Asked Questions

When was property at 59 Putnam Drive built and last sold?
The property at 59 Putnam Drive was built in 1955 and last sold on Jul 22, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 59 Putnam Drive is $296,013.
What are some comparable homes to 59 Putnam Drive?
There are currently no comparable homes to 59 Putnam Drive.
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