Active Under Contract
15 Days on market
317 Paper Mill Rd Westfield — Photo 1 of 25

317 Paper Mill Rd Westfield — Photo 1 of 25

$389,900

Investment Analysis — 317 Paper Mill Rd

Westfield, MA 01085

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01085 carries an estimated $2,010/mo in gross rent — about a 3.56% cap rate and $13,873/yr in estimated NOI at the $389,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,428

Style

Single Family

Built

1967

Move-in ready and beautifully maintained! This inviting 3-bedroom ranch offers easy living with a host of updates and a warm, welcoming feel. Gleaming pristine wood floors and new laminate flooring complement the renovated kitchen and updated bath, creating a fresh, modern interior. The spacious backyard is enhanced by privacy fencing, lovely perennial gardens, and a large double-tier deck—perfect for relaxing, entertaining, or enjoying outdoor gatherings. Mini-split heating/cooling systems provide added comfort and efficiency alongside the existing oil heat. The partially finished basement expands the living space with a comfortable family room plus a workshop area for hobbies, projects, or storage. Appliances are included for added convenience. Well cared for and ready for its next owner—just unpack and enjoy! New irrigation system (APO) Close to school and Little League fields.

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: 714 sq ft (the lesser of 900 sq ft or half the 1,428 sq ft principal dwelling). Lot size: 22,651 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.

Property Details

Financials

Original Price$389,900
Annual Taxes$4,458

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Laminate
BasementPartially Finished, Interior Entry, Garage Access

Climate & Utilities

HeatingBaseboard, Oil, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.52
SqFt Lot22,651
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Basement
Family Room
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl Basement
Master Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: The Poissant & Neveu Team

Listing Office: RE/MAX Compass

MLS® Number: 73569605

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