Seller's Agent in 2025
Paul Gallagher
Gallagher Real Estate
(413) 218-4899
19 in this area
416 Total Sales
38-40 Forest Park Ave Springfield, MA 01108
Forest Park NeighborhoodEstimated Value: $386,000 - $522,000
8
Beds
2
Baths
3,900
Sq Ft
$113/Sq Ft
Est. Value
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
Co-Listed By
Brian Aguasvivas
Gallagher Real Estate
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
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
Apr 14, 2025
Closed on
Jul 25, 2025
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,194
Avg. Annual Appreciation
-16.80%
Original Mortgage
$508,617
Outstanding Balance
$505,106
Interest Rate
6.84%
Mortgage Type
FHA
Estimated Equity
-$65,300
Purchase Details
Closed on
Nov 14, 2024
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
$331,250
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 2007
Sold by
Bought by
Purchase Details
Closed on
Oct 12, 2004
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
$148,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 28, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $518,000 | -- | ||
| $518,000 | -- | ||
| $250,000 | None Available | ||
| $250,000 | None Available | ||
| $250,000 | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $185,000 | -- | ||
| $185,000 | -- | ||
| $185,000 | -- | ||
| $142,500 | -- | ||
| $142,500 | -- | ||
| $142,500 | -- | ||
| $68,500 | -- | ||
| $68,500 | -- |
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 | $508,617 | ||
| Closed | $508,617 | ||
| Previous Owner | $331,250 | ||
| Previous Owner | $148,000 | ||
| Previous Owner | $37,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
-
B
Seller Co-Listing Agent in 2025
Brian Aguasvivas
Gallagher Real Estate
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73359669
APN: SPRI-005280-000000-000009
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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