Seller's Agent in 2025
Paul Gallagher
Gallagher Real Estate
(413) 218-4899
19 in this area
471 Total Sales
38-40 Forest Park Ave Springfield, MA 01108
Forest Park Neighborhood
8
Beds
2
Baths
3,900
Sq Ft
8,438
Sq Ft Lot
About This Home
As of July 2025The Best 2-family home available in Springfield is finally here! This beautifully remodeled property features two spacious apartments, each thoughtfully updated with modern finishes. Both units boast stunning kitchens with quartz countertops and quartz waterfall island, fully renovated bathrooms with custom-tiled baths, and elegant formal dining rooms. The first-floor unit offers an additional bonus family room, providing extra living space next to the main living room. A new roof and replacement windows throughout most of the home enhance durability and energy efficiency. The property also includes an unfinished attic and basement, offering potential for expansion or extra storage. With two driveways for ample off-street parking, this home is perfect for owner-occupants looking for rental income or investors seeking a turnkey property Perfect for AirBNB or Long Term Rental, Located Near Basketball Hall Of Fame, MGM Casino, Schools And Major Parks Schedule your showing today
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,662
Year Built
- Built in 1923
Lot Details
- 8,438 Sq Ft Lot
- Level Lot
Parking
- 8 Car Parking Spaces
Home Design
- Block Foundation
Interior Spaces
- 3,900 Sq Ft Home
- Property has 1 Level
- 2 Fireplaces
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Utilities
- 110 Volts
- 100 Amp Service
Community Details
- 2 Units
- Net Operating Income $60,000
Listing and Financial Details
- Total Actual Rent $5,000
- Assessor Parcel Number S:05280 P:0009,2584917
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2025
Closed on
Jul 25, 2025
Sold by
Livingwater Capital Llc
Bought by
Peralta Kimberly
Seller's Agent
Paul Gallagher
Gallagher Real Estate
Buyer's Agent
Paul Gallagher
Gallagher Real Estate
List Price
$499,992
Sold Price
$518,000
Premium/Discount to List
$18,008
3.6%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-78.18%
Original Mortgage
$508,617
Outstanding Balance
$508,187
Interest Rate
6.84%
Mortgage Type
FHA
Estimated Equity
-$83,201
Purchase Details
Closed on
Nov 14, 2024
Sold by
Ikewibe Ojey and Us Bank Na Tr
Bought by
Livingwater Capital Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,250
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 2007
Sold by
Ikewibe Okey
Bought by
Ikewibe Ifeoma and Ikewibe Okey
Purchase Details
Closed on
Oct 12, 2004
Sold by
Desir Marie and Louis Saint Serge
Bought by
Ikewibe Okey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 2003
Sold by
Cook Cynthia M
Bought by
Desir Marie and Louis Saint Serge
Purchase Details
Closed on
Aug 28, 1997
Sold by
Sadowsky Mark and Bald Mary B
Bought by
Cook Cynthia M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $518,000 | -- | |
| Foreclosure Deed | $250,000 | None Available | |
| Foreclosure Deed | $250,000 | None Available | |
| Foreclosure Deed | $250,000 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $185,000 | -- | |
| Deed | $185,000 | -- | |
| Deed | $142,500 | -- | |
| Deed | $142,500 | -- | |
| Deed | $68,500 | -- | |
| Deed | $68,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $508,617 | FHA | |
| Closed | $508,617 | FHA | |
| Previous Owner | $331,250 | Purchase Money Mortgage | |
| Previous Owner | $49,856 | No Value Available | |
| Previous Owner | $148,000 | Purchase Money Mortgage | |
| Previous Owner | $37,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $518,000 | +3.6% | $133 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/14/2025 04/14/25 | For Sale | $499,992 | -- | $128 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,074 | $323,600 | $38,900 | $284,700 |
| 2024 | $4,662 | $290,300 | $38,900 | $251,400 |
| 2023 | $4,382 | $257,000 | $36,600 | $220,400 |
| 2022 | $4,161 | $221,100 | $34,300 | $186,800 |
| 2021 | $3,884 | $205,500 | $31,100 | $174,400 |
| 2020 | $3,697 | $189,300 | $31,100 | $158,200 |
| 2019 | $3,052 | $155,100 | $32,100 | $123,000 |
| 2018 | $3,100 | $157,500 | $32,100 | $125,400 |
| 2017 | $3,358 | $170,800 | $32,100 | $138,700 |
| 2016 | $3,136 | $159,500 | $32,100 | $127,400 |
| 2015 | $3,090 | $157,100 | $32,100 | $125,000 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Gallagher
-
Brian Aguasvivas
B
Seller Co-Listing Agent in 2025
Brian Aguasvivas
Gallagher Real Estate
1 in this area
4 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73359669
APN: SPRI-005280-000000-000009
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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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