NOT LISTED FOR SALE

340 Eastern Ave Unit 342 Springfield, MA 01109

Old Hill Neighborhood

Estimated Value: $389,000 - $484,000

9 Beds
3 Baths
3,300 Sq Ft
$130/Sq Ft Est. Value

Last Sold August 15, 2021

Last sale price $320,000 $97 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,720/month

5 Days on Market

Highlights

  • 0.25 Acre Lot
  • 1 Fireplace
  • Level Lot

About This Home

As of August 2021

This Is The One!!!!Absolutely Beautiful 2 Family Home Near Springfield College, First Floor Is Currently Owners Unit And Will Be Vacant At Closing. First Floor Features New Kitchen With Quartz Waterfall Edge Island, Stainless Steel Appliances, Finished Basement With Laundry Room,Home Gym, Additional Guest Room And Full Bathroom, Everything Has Been Thought Of, One Of The Most Luxurious Apartments In Springfield!!!Smart Home Alexa Light Switches, Custom Built In Music/Entertainment System In Living Room Which Will Remain For New Owners Enjoyment, Energy Efficient Heating System Just Installed. Second Floor Currently Rented Out To Super Great Long Term Tenants Who Keep Their Unit In Immaculate Condition.House Sits On Huge Double Lot With Fenced In Backyard And Driveway Perfect For Entertaining During Summer Months, Don't Let This Multi Family Pass You By, It Will Be Hard To Find Another One Like It!!

Last Agent to Sell the Property

Paul Gallagher

Gallagher Real Estate Listed on: 05/29/2021

Gallagher Real Estate

Last Buyer's Agent

Paul Gallagher

Gallagher Real Estate Listed on: 05/29/2021

Gallagher Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1898

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Parking

  • 6 Car Parking Spaces

Home Design

  • Brick Foundation

Interior Spaces

  • 3,300 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $36,000

Listing and Financial Details

  • Total Actual Rent $3,000
  • Assessor Parcel Number S:04325 P:0071,2582667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,880

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1898
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Finished, Walk-Out Access
  • Living Area: 3300
  • Stories Total: 4
  • MAIN LO: AN1364
  • MAIN SO: AN1364

Exterior Features

  • Foundation Details: Brick/Mortar
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: S:04325 P:0071,2582667
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres
  • LOT SIZE: 10999

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2880

Multi Family

  • Net Operating Income: 36000
  • Number Of Units Total: 2
  • Total Actual Rent: 3000
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEASE 2: Y
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2021
Closed on
Aug 5, 2021
Sold by
Reyes Rafael A
Bought by
Torres Amanda
Seller's Agent
Paul Gallagher
Gallagher Real Estate
Buyer's Agent
Paul Gallagher
Gallagher Real Estate
List Price
$309,700
Sold Price
$320,000
Premium/Discount to List
$10,300
3.33%
Current Estimated Value
$427,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,872
Avg. Annual Appreciation
6.89%
Original Mortgage
$322,245
Outstanding Balance
$293,457
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$134,415

Purchase Details

Closed on
Nov 6, 2017
Sold by
Leith Gifford B Est
Bought by
Reyes Rafael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,850
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Torres Amanda $315,000 None Available
Reyes Rafael A $101,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Amanda $322,245
Previous Owner Reyes Rafael A $85,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2021 08/15/21 Sold $320,000 +3.3% $97 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $309,700 -- $94 / 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 $5,737 $365,900 $26,500 $339,400
2024 $5,184 $322,800 $24,800 $298,000
2023 $4,499 $263,900 $23,600 $240,300
2022 $3,122 $165,900 $21,500 $144,400
2021 $2,880 $152,400 $19,500 $132,900
2020 $2,756 $141,100 $19,500 $121,600
2019 $2,724 $138,400 $19,500 $118,900
2018 $2,216 $114,400 $19,500 $94,900
2017 $2,216 $112,700 $15,700 $97,000
2016 $1,856 $94,400 $15,700 $78,700
2015 $1,800 $91,500 $15,700 $75,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72839436

MLS Property Information Network (MLS PIN)

APN: SPRI-004325-000000-000071