NOT LISTED FOR SALE

40 Baldwin St West Springfield, MA 01089

Estimated Value: $307,000 - $356,000

5 Beds
2 Baths
1,933 Sq Ft
$174/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $275,000 $142 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,085/month

About This Home

As of November 2021

Turnkey investment property. This home has been maintained and everything is up to date. Home features 1st floor 4 room apartment w/ living room, kitchen, 2 bedrooms, full bath, and in-unit laundry. The second floor also has 4 rooms and a 3rd-floor bedroom w/ electric heat. Newer gas warm air furnaces, hot water tanks, siding, windows, updated electrical, and more. Property has extra income potential from parking cars during the Big E which generates an additional $9,000.00 per year Total revenue is $30.400.00 which makes this a home run.

Last Agent to Sell the Property

Peter Marino

LAER Realty Partners Listed on: 09/23/2021

LAER Realty Partners

Last Buyer's Agent

Peter Marino

LAER Realty Partners Listed on: 09/23/2021

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,645

Year Built

  • 1910

Lot Details

  • 7,841

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,645

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Memorial Ave to Baldwin Street right behind the Dante Club
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Appliances: Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Has Basement: Full, Interior Entry, Unfinished
  • Total Bathrooms: 2
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 142.27
  • PRICE PER Sq Ft: 142.27
  • MAIN SO: AN1199
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace: No
  • Flooring: Tile,Vinyl,Carpet,Varies Per Unit,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 2(Lead Certification Available,Storage,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Stories: 3
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Storage
  • Foundation Details: Brick/Mortar
  • Construction Type: Frame
  • Disclosures: 2nd Floor And Common Areas Have Lead Certification Only
  • Fencing: Fenced/Enclosed, Fenced
  • Home Warranty: No
  • Lot Features: Level
  • Patio And Porch Features: Enclosed
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas,Electric)
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 1(Washer & Dryer Hookup)
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Golf, Highway Access, House of Worship, Private School, Public School, Sidewalks
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 900

Lot Info

  • LOT SIZE: 7748
  • PAGE: 404
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7840.799999
  • Zoning: B

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 26400
  • Insurance Expense: 1145
  • Property Net Operating Income: 23652
  • Number Of Units Total: 2
  • Annual Operating Expense: 2748
  • Total Actual Rent: 22000

Tax Info

  • Tax Annual Amount: 2662
  • Tax Book Number: 15230
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Lavoie Janet P and Lamica Mary M
Bought by
Litwin Nicole L and Lavigne David C
Current Estimated Value
$335,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Outstanding Balance
$305,589
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$30,261

Purchase Details

Closed on
Aug 5, 2005
Sold by
40-42 Baldwin St Rt and Scully
Bought by
Canuel Gail L and Gonyea Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,900
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2004
Sold by
Scully Cheryl M
Bought by
40-42 Baldwin Street R

Purchase Details

Closed on
Sep 5, 2003
Sold by
Fmz Realty Inc
Bought by
Scully Cheryl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Litwin Nicole L $325,000 None Available
Litwin Nicole L $325,000 None Available
Canuel Gail L $181,000 --
Canuel Gail L $181,000 --
40-42 Baldwin Street R -- --
40-42 Baldwin Street R -- --
Scully Cheryl M $157,000 --
Scully Cheryl M $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Litwin Nicole L $308,750
Closed Litwin Nicole L $308,750
Previous Owner Canuel Gail L $162,900
Previous Owner Scully Cheryl M $117,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2021 11/23/21 Sold $275,000 0.0% $142 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $275,000 -- $142 / 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 $3,645 $245,100 $85,800 $159,300
2024 $3,630 $245,100 $85,800 $159,300
2023 $3,422 $220,200 $85,800 $134,400
2022 $3,346 $212,300 $77,900 $134,400
2021 $2,662 $157,500 $62,600 $94,900
2020 $2,673 $157,300 $62,600 $94,700
2019 $2,668 $157,300 $62,600 $94,700
2018 $2,682 $157,300 $62,600 $94,700
2017 $2,682 $157,300 $62,600 $94,700
2016 $2,632 $154,900 $60,200 $94,700
2015 $2,650 $156,000 $59,000 $97,000
2014 $2,545 $155,100 $59,000 $96,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72899316

MLS Property Information Network (MLS PIN)

APN: WSPR-000124-000800-000009