NOT LISTED FOR SALE

423 Eastern Ave Unit 425 Springfield, MA 01109

Old Hill Neighborhood

Estimated Value: $337,000 - $390,000

6 Beds
2 Baths
2,430 Sq Ft
$145/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $296,000 $122 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,228/month

19 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Coin Laundry
  • Wood Flooring
  • Shops
  • Fenced

About This Home

As of June 2023

A rare find... Investors or first time buyers take notice!!! Great opportunity to own this hard to find brick 2 unit property. Featuring 5 rooms and 3 bedrooms per unit with lots of hardwood floors. Freshly painted vacant second floor unit ready for immediate occupancy. New carpets in 2 of the second floor bedrooms and hallway. Newer roof, furnaces and first floor hot water heater. Replacement windows, laundry area in basement, fenced back yard with the convenience of off street parking. Schedule your private viewing before is too late.

Last Agent to Sell the Property

Jose Rodriguez

Berkshire Hathaway HomeServices Realty Professionals Listed on: 04/29/2023

Berkshire Hathaway HomeServices Realty Professionals

Last Buyer's Agent

Yadira Pacheco

Lock and Key Realty Inc.

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,088

Year Built

  • Built in 1936

Lot Details

  • 5,001 Sq Ft Lot
  • Fenced

Home Design

  • Brick Foundation

Interior Spaces

  • 2,430 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,000
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2582680

Community Details

Amenities

  • Shops
  • Coin Laundry

Additional Features

  • 2 Units
  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,088

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1936
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Vinyl,Varies Per Unit,Laminate,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(None), Unit 2(None), Gas Water Heater,Tank Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2430
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN7274
  • MAIN SO: AN5521

Exterior Features

  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2582680
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5001
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3088

Multi Family

  • Net Operating Income: 12000
  • Number Of Units Total: 2
  • Total Actual Rent: 1000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
Jun 16, 2023
Sold by
Rivera Herminia and Rivera Edwin
Bought by
Gonzalez Brenda L
Seller's Agent
Jose Rodriguez
Berkshire Hathaway HomeServices Realty Professionals
Buyer's Agent
Yadira Pacheco
Lock and Key Realty Inc.
List Price
$299,900
Sold Price
$296,000
Premium/Discount to List
-$3,900
-1.3%
Views
170
Current Estimated Value
$352,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,629
Avg. Annual Appreciation
7.14%
Original Mortgage
$272,760
Outstanding Balance
$265,466
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$87,163

Purchase Details

Closed on
Aug 15, 2003
Sold by
Perez Aida and Dejesus Ana L
Bought by
Rivera Edwin and Rivera Herminia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,400
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 1997
Sold by
Norstar Capital Inv
Bought by
Bermudez Eugenio and Perez Aida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 1997
Sold by
Reddick Hope
Bought by
Norstar Capital Inv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1992
Sold by
Springfield College
Bought by
Reddick Major

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gonzalez Brenda L $296,000 None Available
Rivera Edwin $96,000 --
Bermudez Eugenio $72,500 --
Norstar Capital Inv $19,000 --
Reddick Major $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Brenda L $272,760
Previous Owner Rivera Edwin $85,400
Previous Owner Reddick Major $58,000
Previous Owner Reddick Major $8,000
Previous Owner Reddick Major $57,000
Closed Reddick Major $7,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $296,000 -1.3% $122 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $299,900 0.0% $123 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $299,900 -- $123 / 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 $4,577 $291,900 $24,600 $267,300
2024 $3,673 $228,700 $23,000 $205,700
2023 $3,088 $181,100 $21,900 $159,200
2022 $2,716 $144,300 $19,900 $124,400
2021 $2,640 $139,700 $18,100 $121,600
2020 $2,383 $122,000 $18,100 $103,900
2019 $2,240 $113,800 $18,100 $95,700
2018 $2,281 $111,200 $18,100 $93,100
2017 $2,281 $116,000 $14,500 $101,500
2016 $1,866 $94,900 $14,500 $80,400
2015 $1,810 $92,000 $14,500 $77,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73104823

MLS Property Information Network (MLS PIN)

APN: SPRI-004325-000000-000095