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78 Franklin Street

78 Franklin Street, Westfield, MA 01085
Property in Westfield
Local assessors in Westfield, MA have categorized 78 Franklin Street as a commercial type of property. The home was built in 1972 and is 52 years old. The property's lot size has been calculated to be 43,560 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 78 Franklin Street has a total of 15,024 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. The building has a flat style roof that was made of tar and gravel. Lots of a combination of material were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with oil. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 78 Franklin Street was last sold in Oct 26, 2022 for $975,000. According to our calculations, that's $64.90 per sqft. Prior to that sales transaction, the property was sold for $1,400,000 in Jan 1, 1970. Current property owners are expected to pay $22,998 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 78 Franklin Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $686,100. To break that down further, the land itself was valued at $77,500. While improvements to the property were assessed at a total of $608,600. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Construction Type: Masonry
  • Exterior Walls Type: Combination
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 15,024
  • Gross Building Area: 17,344
  • Building Area: 15,024
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 15,024
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 1
  • Standard Land Use Code: Department store (apparel, household goods, furniture)

Ownership

  • Current Owner : AJ CAPITAL RT
  • Previous Owner : BRIARWOOD ELEVEN LLC
  • Owner Before Previous Owner: PLAZA MALL ASSOC
  • Owner Before Previous Owner 2: KAHAN JOEL
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Westfield School District
  • School Tax School District: WESTFIELD SD
  • Census Tract: 812701

Geography

  • Parcel: WFLD M:61 L:47
  • Lot: 47
  • Municipality: WESTFIELD
  • Latitude: 42.1254
  • Longitude: -72.7538

    Address

  • Full Address: 78 Franklin St
  • Address - House Number: 78
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Westfield
  • Carrier Code: C020
  • 4-Digit Zip Code: 2236
  • Zip Code: 01085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,998
  • Intital Tax Deliquent Year: 2023

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $842,640
  • First Open Lien Mortgage Lender: EASTHAMPTON SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Oct 28, 2022
  • First Open Lien Mortgage Loan Amount: $789,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 28, 2052
  • Second Open Lien Mortgage Lender: BANKESB
  • Second Open Lien Mortgage Recording Date: Feb 13, 2024
  • Second Open Lien Mortgage Loan Amount: $53,240
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: Feb 13, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,100
  • Assessed Land Value: $77,500
  • Assessed Improvements Value: $608,600

    Sales

  • Current Sale Contract Date: Oct 26, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Transaction ID: 11898321655
  • Current Sale Price: $975,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 64380
  • Previous Sale Recording Date: Feb 20, 2009
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EASTHAMPTON SAVINGS BANK
  • First Mortgage Transaction Date: Oct 28, 2022
  • First Mortgage Loan Amount: $789,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES BK (HOLYOKE)
  • Previous Mortgage Transaction Date: Feb 20, 2009
  • Previous Mortgage Loan Amount: $1,120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Westfield



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Frequently Asked Questions

What neighborhood is 78 Franklin Street located in?
The 78 Franklin Street is a located in the neighborhood of Westfield in Westfield, Westfield.
What is the average sales price for listings in 78 Franklin Street?
The average sales price for units in 78 Franklin Street is $0 currently.

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