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Westfield 01085
7 Laurel Ter
$179,000
● House - Off Market

7 Laurel Ter

Westfield, MA 01085
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$350,889
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Move right into this well maintained 3 bedroom ranch style home set on landscaped lot w/beautiful perennial gardens/stone walls & private fenced back yard.  It is located on a quiet street & is in the Munger Hill school district. This property has so much to offer: Fireplace w/Vermont Casting wood stove, partially finished basement, lots of hardwood flooring, cathedral ceiling, encl porch, patio, deck w/hot tub/spa, updated bath, shed  & a one car garage.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$164
Property Type
House
Property Taxes
$260
HOA Dues
-
Year Built
1958

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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 #71540837)

Price History

Date / Event Date Event Price
Nov 3, 2020 Sold
Premium
Sold
Sep 9, 2020 Listed by Real Living Realty Professionals, LLC $245,000
Listed by Real Living Realty Professionals, LLC
Nov 15, 2013 Sold
Premium
Sold
Jun 12, 2013 Listed by Real Living Realty Professionals, LLC $179,900
Listed by Real Living Realty Professionals, LLC
Jun 27, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 11
  • Exterior Walls Type: 1
  • 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: 800
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,800
  • Total Building Area: 1,100
  • Gross Building Area: 2,664
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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:122 L:35
  • Lot: 35
  • Municipality: WESTFIELD
  • Latitude: 42.0999
  • Longitude: -72.7223

    Address

  • Full Address: 7 Laurel Ter
  • Address - House Number: 7
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Westfield
  • Carrier Code: C017
  • 4-Digit Zip Code: 4503
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,600

    Appraisal Valuation

  • Standard Deviation: 0.1858
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 333,405
  • High Value: 395,353
  • Low Value: 271,458

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,300
  • Assessed Land Value: $99,800
  • Assessed Improvements Value: $158,500

    Sales

  • Current Sale Contract Date: Nov 03, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 64650
  • Previous Sale Recording Date: Nov 15, 2013
  • Previous Sale Amount: $179,000
  • 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:

$375,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2098 ft²

Average Home Age

64.8 years

Currently For Sale

70 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: 5 months ago
Data Source: MLS PIN, MLS# 71540837

Frequently Asked Questions

When was property at 7 Laurel Terrace built and last sold?
The property at 7 Laurel Terrace was built in 1958 and last sold on Nov 3, 2020 for $259,500.
How much is this home worth?
The estimated value of the home located at 7 Laurel Terrace is $246,839.
What are some comparable homes to 7 Laurel Terrace?
There are currently no comparable homes to 7 Laurel Terrace.
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