NOT LISTED FOR SALE

74 E Silver St Westfield, MA 01085

Estimated Value: $323,302 - $404,000

5 Beds
2.5 Baths
2,250 Sq Ft
$157/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $308,000 $137 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,174/month

130 Days on Market

Highlights

  • Medical Services
  • Porch
  • Park
  • Deck
  • Cooling Available
  • Shops

About This Home

As of February 2023

Check out this two-family home, centrally located in Westfield! Perfect for owner occupied or an investment opportunity. First floor unit offers 2 beds and 1 bath, and is currently rented to a long term tenant. Second floor unit occupies the second and third floor. Second floor offers 1 bed and 1 full bath, kitchen, and living room and third floor offers 2 beds and a half bath. Second floor unit kitchen has recently been updated with stainless steal appliances, and will be vacant at closing. Laundry for both units are located in the basement.

Last Agent to Sell the Property

WayLynn Garcia

Lock and Key Realty Inc. Listed on: 09/12/2022

Lock and Key Realty Inc.

Co-Listed By

Erica Rindels

Lock and Key Realty Inc.

Last Buyer's Agent

Nick Blais

Lock and Key Realty Inc.

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1906

Lot Details

  • 7,238

Home Design

  • Brick Foundation
  • Frame Construction
  • Wood Roof

Interior Spaces

  • 2,250 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Utilities

  • Cooling Available
  • 1 Heating Zone
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • 7,238 Sq Ft Lot
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $800
  • Rent includes unit 1(heat water)
  • Assessor Parcel Number M:18 L:16,2634060

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1906
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Carpet,Laminate
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 2250
  • Stories Total: 3
  • MAIN LO: AN5521
  • MAIN SO: AN5521

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch, Deck - Roof
  • Road Frontage Type: Public
  • Roof: Wood
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Oil), Unit 2(Oil)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Community Features: Shopping, Park, Medical Facility, Highway Access, Public School, University
  • Rent Includes: Unit 1(Heat,Water)

Lot Info

  • Parcel Number: M:18 L:16,2634060
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7238
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3411

Multi Family

  • Net Operating Income: 9600
  • Number Of Units Total: 2
  • Total Actual Rent: 800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Feb 28, 2023
Sold by
Spear Johnathan
Bought by
Lewis Cariel
Seller's Agent
WayLynn Garcia
Lock and Key Realty Inc.
Buyer's Agent
Nick Blais
Lock and Key Realty Inc.
List Price
$324,999
Sold Price
$308,000
Premium/Discount to List
-$16,999
-5.23%
Views
149
Current Estimated Value
$354,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,326
Avg. Annual Appreciation
4.95%
Original Mortgage
$302,421
Outstanding Balance
$293,263
Interest Rate
6.33%
Mortgage Type
FHA
Estimated Equity
$61,063

Purchase Details

Listed on
Dec 9, 2020
Closed on
Mar 19, 2021
Sold by
Maslar Gertrude J
Bought by
Spear Johnathan
Seller's Agent
Eve Crampton
Berkshire Hathaway HomeServices Realty Professionals
Buyer's Agent
Eve Crampton
Berkshire Hathaway HomeServices Realty Professionals
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$244,489
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 24, 2014
Sold by
Forte Donna J
Bought by
Maslar Joseph J and Maslar Gertrude J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lewis Cariel $308,000 None Available
Spear Johnathan $249,000 None Available
Maslar Joseph J $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Cariel $302,421
Previous Owner Spear Johnathan $244,489
Previous Owner Maslar Joseph J $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2023 02/28/23 Sold $308,000 -2.2% $137 / Sq Ft
01/21/2023 01/21/23 Pending -- -- --
11/29/2022 11/29/22 Price Changed $315,000 -3.1% $140 / Sq Ft
11/04/2022 11/04/22 Price Changed $324,999 0.0% $144 / Sq Ft
11/04/2022 11/04/22 For Sale $324,999 -1.5% $144 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/03/2022 10/03/22 Price Changed $329,999 -2.9% $147 / Sq Ft
09/12/2022 09/12/22 For Sale $339,999 +36.5% $151 / Sq Ft
03/19/2021 03/19/21 Sold $249,000 0.0% $111 / Sq Ft View Prior Sale
12/12/2020 12/12/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $249,000 -- $111 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,083 $269,000 $96,300 $172,700
2024 $3,938 $246,600 $87,700 $158,900
2023 $3,793 $223,400 $83,500 $139,900
2022 $3,411 $184,500 $74,600 $109,900
2021 $1,601 $174,000 $70,300 $103,700
2020 $3,201 $166,300 $70,300 $96,000
2019 $3,116 $158,400 $67,000 $91,400
2018 $3,067 $158,400 $67,000 $91,400
2017 $3,035 $156,300 $68,000 $88,300
2016 $3,038 $156,300 $68,000 $88,300
2015 $2,898 $156,300 $68,000 $88,300
2014 $2,165 $156,300 $68,000 $88,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73035252

MLS Property Information Network (MLS PIN)

APN: WFLD-000018-000000-000016