NOT LISTED FOR SALE

345-347 Bay St Springfield, MA 01109

McKnight Neighborhood
10 Beds
6 Baths
7,736 Sq Ft
0.26 Acres

Last Sold September 12, 2022

Last sale price $535,000 $69 Per Sq Ft

83 Days on Market

Highlights

  • Medical Services
  • 2 Fireplaces
  • Shops
  • Property is near public transit

About This Home

As of September 2022

Investors Take Notice! This 6 family home has been totally remodeled in 2016, as per previous owner, with newer roof, heating systems, kitchens, baths, plumbing, electricity, rear porch and decking, large parking lot in rear of home for tenants convenience. All the units have been lead certified. Tenants pay separate utilities. One unit is left vacant for showings for the sale all other units will be available for interested parties. Convenient location makes this a great rental or owner occupied property!

Last Agent to Sell the Property

Bette Lord-Hess

ERA M Connie Laplante Real Estate Listed on: 02/10/2022

ERA M Connie Laplante Real Estate

Last Buyer's Agent

Maddy Ceruti

Century 21 AllPoints Realty

Century 21 AllPoints Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,146

Year Built

  • Built in 1895

Lot Details

  • 0.26

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 7,736 Sq Ft Home
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Bulkhead
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $4,970

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Building Details

  • Electric Expense $1,200
  • Insurance Expense $3,100
  • Water Sewer Expense $2,500
  • Operating Expense $18,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,146

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1895
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Interior Amenities: Unit 1(Lead Certification Available), Unit 2(Lead Certification Available), Unit 3(Lead Certification Available), Unit 4(Lead Certification Available)
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Electric Water Heater
  • Total Bedrooms: 10
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Bulkhead
  • Living Area: 7736
  • Stories Total: 7
  • MAIN LO: J02000
  • MAIN SO: AN0689

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School

Fee Information

  • Water Sewer Expenses: 2500

Lot Info

  • Zoning: Multi BI
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 0.26
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6146.28

Multi Family

  • Electric Expense: 1200
  • Insurance Expense: 3100
  • Net Operating Income: 42000
  • Number Of Units Total: 6
  • Operating Expense: 18000
  • Total Actual Rent: 4970
  • LEVELS 1: 1
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2022 09/12/22 Sold $535,000 -0.9% $69 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
04/09/2022 04/09/22 Price Changed $539,900 -3.4% $70 / Sq Ft
03/08/2022 03/08/22 For Sale $559,000 0.0% $72 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $559,000 +53.2% $72 / Sq Ft
09/18/2019 09/18/19 Sold $365,000 -2.6% $47 / Sq Ft View Prior Sale
07/02/2019 07/02/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $374,900 0.0% $48 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $374,900 -- $48 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bette Lord-Hess

    ERA M Connie Laplante Real Estate

    (413) 536-9111

    1 in this area

    18 Total Sales

    Bette Lord-Hess
    Section Image
  • Maddy Ceruti

    Buyer's Agent in 2022

    Maddy Ceruti

    Century 21 AllPoints Realty

    (860) 559-0978

    1 in this area

    143 Total Sales

    Maddy Ceruti
    Section Image

  • P

    Seller's Agent in 2019

    Peter Houser

    Houser Metro Realty

    (413) 241-3298

    21 Total Sales

    Peter Houser
    Section Image
  • Lien Vuong

    Buyer's Agent in 2019

    Lien Vuong

    Berkshire Hathaway HomeServices Commonwealth Real Estate

    (781) 244-2669

    185 Total Sales

    Lien Vuong
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72941489

MLS Property Information Network (MLS PIN)

APN: SPRI S:01085 P:0394

Massachusetts Hampden County Springfield 01109 McKnight

345-347 Bay St, Springfield, MA

Not Listed for Sale

MultiFamily

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