Christina Liberty-Grimm
Lamacchia Realty, Inc.
(508) 770-6735
114 Total Sales
1 in Metro Center
$220,000 Price
202 Pearl St Springfield, MA 01105
Metro Center Neighborhood
53
Beds
46
Baths
45,750
Sq Ft
0.64
Acre Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Balcony
- 0.64 Acre Lot
- Wood Flooring
- Porch
About This Home
As of September 2024Attention Investors! Here is your opportunity to own a 46-unit income producing property in Springfield! This a 3-parcel property consisting of two residential buildings 202-206 Pearl st and 208-212 Pearl st and 1 parking lot featuring 35 parking spaces along with 7 garages with one oversized garage. 202-206 Pearl is a well maintained 21-unit property offering (16) 1 bed and (5) 2 bed apartments, 1 year old hot water condensing boiler, 7-year-old steam boiler, and updated apartments. 208-212 Pearl st is a 25 unit building offering (17) 1 bed, (5) 2 bed and (3) studio apartments, 1 year old hot water condensing boiler, 3-year-old boiler, 7-year-old TPO roof and updated apartments. Currently the property is being offered at 8% cap rate. There is plenty of upside being offered as well! Don’t miss out on this rare opportunity to own a nice income producing property in this growing Springfield market!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $61,395
Year Built
- Built in 1927
Lot Details
- 0.64
Parking
- 7 Car Garage
- Common or Shared Parking
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Brick Foundation
- Slab Foundation
- Rubber Roof
Interior Spaces
- 45,750 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Insulated Doors
- Basement Fills Entire Space Under The House
- Washer and Electric Dryer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 53 Bedrooms
- 46 Full Bathrooms
Outdoor Features
- Balcony
- Porch
Additional Features
- 27,938 Sq Ft Lot
- Property is near public transit and schools
Community Details
- 46 Units
- Medical Services
- Operating Expense $10,140
Listing and Financial Details
- Assessor Parcel Number S:09585 P:0059
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2024
Closed on
Sep 23, 2024
Sold by
Bought by
Seller's Agent
Jim Charles
Lock and Key Realty Inc.
Buyer's Agent
Drew Rodman
Lock and Key Realty Inc.
List Price
$4,525,000
Sold Price
$4,370,000
Premium/Discount to List
-$155,000
-3.43%
Views
101
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,496,000
Outstanding Balance
$3,425,518
Interest Rate
6.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 26, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,240,000
Interest Rate
7.18%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 14, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,346,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 13, 2018
Sold by
Bought by
Purchase Details
Closed on
Aug 26, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Metro Center, MA
-
Christina Liberty-Grimm
-
Joel Almonte
Joel Almonte
Five Stars Realty LLC
(413) 288-5878
21 Total Sales
1 in Metro Center
$57,999 Price
-
Lucy Cordero
Lucy Cordero
KW Legacy Partners
(413) 287-7815
114 Total Sales
1 in Metro Center
$175,000 Price
-
Mela Dieujuste
Mela Dieujuste
IVerty Realty, LLC
(413) 241-7854
87 Total Sales
3 in Metro Center
$65K - $95K Price Range
-
Monique Frigon
Monique Frigon
RE/MAX Generations
(413) 992-3209
153 Total Sales
1 in Metro Center
$175,000 Price
-
Ray Hoess-Brooks
Ray Hoess-Brooks
HB Real Estate, LLC
(860) 356-3690
141 Total Sales
3 in Metro Center
$140K - $215K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,370,000 | None Available | ||
| $6,250,000 | None Available | ||
| -- | None Available | ||
| $1,192,000 | -- | ||
| $1,841,400 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,496,000 | ||
| Previous Owner | $5,240,000 | ||
| Previous Owner | $5,346,000 | ||
| Closed | $125,000 | ||
| Previous Owner | $205,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2024 09/24/24 | Sold | $4,370,000 | -3.4% | $96 / Sq Ft |
| 04/01/2024 04/01/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $4,525,000 | -- | $99 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $26,825 | $1,710,800 | $315,000 | $1,395,800 |
| 2024 | $27,132 | $1,689,400 | $294,000 | $1,395,400 |
| 2023 | $20,329 | $1,192,300 | $191,100 | $1,001,200 |
| 2022 | $21,304 | $1,132,000 | $174,300 | $957,700 |
| 2021 | $22,001 | $1,164,100 | $174,300 | $989,800 |
| 2020 | $21,180 | $1,084,500 | $174,300 | $910,200 |
| 2019 | $18,481 | $939,100 | $136,500 | $802,600 |
| 2018 | $15,280 | $776,400 | $136,500 | $639,900 |
| 2017 | $15,016 | $763,800 | $136,500 | $627,300 |
| 2016 | $14,014 | $712,800 | $136,500 | $576,300 |
| 2015 | $13,519 | $687,300 | $136,500 | $550,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Charles
J
Seller's Agent in 2024
Jim Charles
Lock and Key Realty Inc.
(413) 320-9979
4 in this area
31 Total Sales
-
Drew Rodman
Buyer's Agent in 2024
Drew Rodman
Lock and Key Realty Inc.
(413) 386-3558
3 in this area
111 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73203773
APN: SPRI S:09585 P:0059
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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