NOT LISTED FOR SALE

36-38 Chapel St Springfield, MA 01109

Old Hill Neighborhood

Estimated Value: $355,000 - $391,000

9 Beds
3 Baths
3,294 Sq Ft
$114/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $300,000 $91 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,431/month

5 Days on Market

Highlights

  • Porch
  • Heating Available
  • 3-minute walk to Donna Blake Park

About This Home

As of February 2023

Great opportunity awaiting! This is an opportunity to purchase a 3 family with 3 -bedroom on each floor with good income. These units are spacious and nicely layout It has all the right finishing touches which makes a great rental opportunity for you to just start collecting YOUR RENT! The 1st floor will be delivered vacant Why rent when you can own for cheaper after you collect your rental income.

Last Agent to Sell the Property

Carol Smith

Home Equity Assets Realty, LLC Listed on: 12/07/2022

Last Buyer's Agent

Erik Wolmart

M B C REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,585

Year Built

  • Built in 1908

Lot Details

  • 4,500

Home Design

  • Brick Foundation

Interior Spaces

  • 3,294 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking

Additional Features

  • Porch
  • 4,500 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,650
  • Assessor Parcel Number S:02630 P:0007,2577770

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,585

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1908
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room)
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3294
  • Stories Total: 6
  • MAIN LO: AC1163
  • MAIN SO: M95216

Exterior Features

  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Other, Unit 1(Gas), Unit 2(Electric), Unit 3(Electric)
  • Heating YN: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: S:02630 P:0007,2577770
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4500
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3585

Multi Family

  • Net Operating Income: 31800
  • Number Of Units Total: 3
  • Total Actual Rent: 2650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 3
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Feb 8, 2023
Sold by
Ngendakumana Justin C and Mukobwajana Juayesi
Bought by
Bravo-Soto Ovidio A
Seller's Agent
Carol Smith
Home Equity Assets Realty, LLC
Buyer's Agent
Erik Wolmart
M B C REALTORS®
List Price
$300,000
Sold Price
$300,000
Views
51
Current Estimated Value
$391,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,571
Avg. Annual Appreciation
8.19%
Original Mortgage
$294,566
Outstanding Balance
$284,916
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$91,978

Purchase Details

Closed on
Nov 28, 2018
Sold by
Hatwood Derrick J
Bought by
Ngendakumana Justin C and Mukobwajana Juayesi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 2014
Sold by
Springfield City Of
Bought by
Hatwood Derrick J
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
Bravo-Soto Ovidio A $300,000 None Available
Ngendakumana Justin C $175,000 --
Hatwood Derrick J $28,350 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bravo-Soto Ovidio A $294,566
Previous Owner Ngendakumana Justin C $171,830
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $300,000 0.0% $91 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
12/07/2022 12/07/22 For Sale $300,000 -- $91 / 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 $4,611 $294,100 $24,200 $269,900
2024 $3,660 $227,900 $22,600 $205,300
2023 $3,891 $228,200 $21,500 $206,700
2022 $3,585 $190,500 $19,600 $170,900
2021 $3,408 $180,300 $17,800 $162,500
2020 $3,433 $175,800 $17,800 $158,000
2019 $2,466 $125,300 $17,800 $107,500
2018 $2,511 $135,000 $17,800 $117,200
2017 $2,511 $127,700 $14,300 $113,400
2016 $2,420 $123,100 $14,300 $108,800
2015 -- $77,800 $14,300 $63,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Carol Smith

    Home Equity Assets Realty, LLC

    (413) 433-0252

    1 in this area

    103 Total Sales

    Carol Smith
    Section Image
  • Erik Wolmart

    Buyer's Agent in 2023

    Erik Wolmart

    M B C REALTORS®

    (413) 682-6966

    1 in this area

    21 Total Sales

    Erik Wolmart
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73063347

MLS Property Information Network (MLS PIN)

APN: SPRI-002630-000000-000007

Massachusetts Hampden County Springfield 01109 Old Hill

36-38 Chapel St, Springfield, MA

Not Listed for Sale

MultiFamily

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