NOT LISTED FOR SALE

38 Rutledge Ave Springfield, MA 01105

South End Neighborhood

Estimated Value: $397,000 - $455,624

8 Beds
3 Baths
3,041 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $410,000 $135 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,670/month

2 Days on Market

Highlights

  • 2 Car Garage
  • Heating Available
  • 2-minute walk to Emerson Wight Park

About This Home

As of October 2023

Come check out this great professionally managed investment opportunity! This 3 family which is fully occupied and has many updates including a newer roof. Short distance to Starbucks, McDonalds, MGM Casino, and major highway. This property also has its own driveway with a two-car garage and small backyard. Tenants pay their own utilities. Each unit has its own newer gas force hot air heating. Lead Certs for all 3 units. This property produces over $53,700 in revenue! Schedule a showing today!

Last Agent to Sell the Property

Heung Poon

MP Signature Realty LLC Listed on: 10/02/2023

Last Buyer's Agent

Richard Machado

Fidelis, The Buyer's Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,652

Year Built

  • Built in 1897

Lot Details

  • 4,430 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Brick Foundation

Interior Spaces

  • 3,041 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected

Community Details

  • 3 Units
  • Net Operating Income $53,700

Listing and Financial Details

  • Total Actual Rent $4,475
  • Assessor Parcel Number S:10485 P:0008,2604495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,652

Year Built

Built in 1897

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1897
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3041
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4267
  • MAIN SO: FR0128

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: S:10485 P:0008,2604495
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4430
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3652

Multi Family

  • Net Operating Income: 53700
  • Number Of Units Total: 3
  • Total Actual Rent: 4475
  • Basement Included Sq Ft: No
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jul 23, 2021
Sold by
Wing-Poon Heung
Bought by
Hwpml Properties Llc
Seller's Agent
Cindy Gaynor-Harper
Homes Logic Real Estate, LLC
Buyer's Agent
Heung Poon
MP Signature Realty LLC
List Price
$209,900
Sold Price
$220,000
Premium/Discount to List
$10,100
4.81%
Current Estimated Value
$433,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,406
Avg. Annual Appreciation
15.81%
Original Mortgage
$165,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 3, 2021
Sold by
Extremely Clean 2 Llc
Bought by
Poon Heung W
Seller's Agent
Cindy Gaynor-Harper
Homes Logic Real Estate, LLC
Buyer's Agent
Heung Poon
MP Signature Realty LLC
List Price
$209,900
Sold Price
$220,000
Premium/Discount to List
$10,100
4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2019
Sold by
Redd Jynette M
Bought by
Extremely Clean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1995
Sold by
Colapietro Agnes C
Bought by
Redd Carl A and Redd Jynette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,100
Interest Rate
7.58%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hwpml Properties Llc -- None Available
Poon Heung W $220,000 None Available
Extremely Clean Llc $90,000 --
Redd Carl A $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Poon Heung W $165,000
Previous Owner Extremely Clean Llc $72,000
Previous Owner Redd Carl A $58,100
Previous Owner Redd Carl A $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2023 10/27/23 Sold $410,000 +13.9% $135 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $360,000 +63.6% $118 / Sq Ft
06/04/2021 06/04/21 Sold $220,000 +4.8% $72 / Sq Ft View Prior Sale
04/16/2021 04/16/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $209,900 0.0% $69 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $209,900 -- $69 / 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 $5,116 $326,300 $24,100 $302,200
2024 $4,283 $266,700 $22,500 $244,200
2023 $3,652 $214,200 $21,500 $192,700
2022 $3,719 $197,600 $19,500 $178,100
2021 $3,421 $181,000 $17,800 $163,200
2020 $3,691 $189,000 $17,800 $171,200
2019 $3,432 $174,400 $17,800 $156,600
2018 $3,096 $157,300 $17,800 $139,500
2017 $2,969 $151,000 $15,600 $135,400
2016 $2,719 $138,300 $15,600 $122,700
2015 $2,447 $124,400 $15,600 $108,800
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2023

    Heung Poon

    MP Signature Realty LLC

    (781) 816-7183

    2 in this area

    15 Total Sales

    Heung Poon
    Section Image
  • Richard Machado

    Buyer's Agent in 2023

    Richard Machado

    Fidelis, The Buyer's Agent

    (508) 965-4570

    1 in this area

    43 Total Sales

    Richard Machado
    Section Image
  • Cindy Gaynor-Harper

    Seller's Agent in 2021

    Cindy Gaynor-Harper

    Homes Logic Real Estate, LLC

    (413) 885-3963

    1 in this area

    53 Total Sales

    Cindy Gaynor-Harper
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73165503

MLS Property Information Network (MLS PIN)

APN: SPRI-010485-000000-000008

Massachusetts Hampden County Springfield 01105 South End

38 Rutledge Ave, Springfield, MA

Not Listed for Sale

MultiFamily

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.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes