
297 Falley Dr Westfield — Photo 1 of 41
Recent Drop: $10,000
$474,900
Investment Analysis — 297 Falley Dr
Westfield, MA 01085
Based on HUD Small Area Fair Market Rent, a 3-bedroom in 01085 carries an estimated $3,300/mo in gross rent — about a 4.90% cap rate and $23,288/yr in estimated NOI at the $474,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,444
Style
Single Family
Built
1968
Located in Westfield’s sought-after Shaker Heights neighborhood, this lovingly maintained ranch sits on a beautiful 0.62-acre lot and offers the ease of one-level living with three bedrooms and two full baths. The inviting floor plan is designed for everyday comfort, featuring a spacious eat-in kitchen with ample cabinet and counter space, a charming brick fireplace that creates a warm gathering space for meals and conversation, and a welcoming living room highlighted by a beautiful built-in cabinet. Hardwood flooring adds warmth and character to many of the home’s living spaces. The expansive unfinished basement offers outstanding potential to nearly double your usable living area. Whether you envision a recreation room, home office, guest suite, workshop, or fitness space, the possibilities are endless. A true highlight of the home is the thoughtfully designed backyard retreat. The spacious enclosed porch/sunroom seamlessly extends the living space, while the above-ground lap pool, hot tub, and screened gazebo create the perfect setting for entertaining, relaxing, or enjoying the beauty of every season. Multiple outbuildings provide exceptional storage and flexible space for gardening, hobbies, a workshop, or recreational equipment. Conveniently located just minutes from shopping, restaurants, schools, Stanley Park, Shaker Farms Country Club, and major commuter routes, this home offers the perfect balance of accessibility and the quiet charm of an established neighborhood. Homes that combine this location, space, and potential don’t come along often. Whether you’re searching for your first home, looking to downsize, or simply seeking a property with room to grow, this well-maintained ranch is ready to welcome its next owners.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 722 sq ft (the lesser of 900 sq ft or half the 1,444 sq ft principal dwelling). Lot size: 27,000 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Amenities & Appliances
Water Heater • Oven • Dishwasher • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Stable(s) • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Laminate
Master Bedroom
Lvl FirstBathroom - 3/4, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstFlooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstFlooring - Stone/Ceramic Tile
Property History
$474,900
Was $484,900
Sep 9, 2026
MLS® 73559854
$484,900
Aug 5, 2026
MLS® 73559854
Listing Agent: Donald Mailloux
Listing Office: Coldwell Banker Community REALTORS®
MLS® Number: 73559854
