Active
38 Days on market
297 Falley Dr Westfield — Photo 1 of 41

297 Falley Dr Westfield — Photo 1 of 41

Recent Drop: $10,000

$484,900
$474,900

$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.

View Standard Listing

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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$484,900
Annual Taxes$6,808

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Laminate, Hardwood
BasementFull, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.62
SqFt Lot27,000
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Oven • Dishwasher • Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Stable(s) • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Laminate

Master Bedroom
Lvl First

Bathroom - 3/4, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Flooring - Stone/Ceramic Tile

Property History

Price Drop
$474,900

Was $484,900

Sep 9, 2026

MLS® 73559854

Listed
$484,900

Aug 5, 2026

MLS® 73559854

Listing Provided By

Listing Agent: Donald Mailloux

Listing Office: Coldwell Banker Community REALTORS®

MLS® Number: 73559854