T
Seller's Agent in 2023
The Generation Group
Coldwell Banker Realty - Western MA
5 in this area
154 Total Sales
438 Belmont Ave Springfield, MA 01108
Forest Park NeighborhoodEstimated Value: $413,321 - $457,000
8
Beds
4
Baths
3,869
Sq Ft
$113/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Property is near public transit
- 1 Fireplace
- Medical Services
- Wood Flooring
- 1-minute walk to Forest Park
About This Home
As of October 2023This incredible cash-flowing triplex on Belmont Ave in Springfield is close to everything, and is a great opportunity for a buy-and-hold investor, or an owner-occupant! First floor, which is a three-bedroom, two-bathroom unit, will be vacant at closing, and with several updates, a large backyard, a great garage for the new owner, and paying tenants, this is the property for you. Second floor is three-bedroom, two-bathroom unit, rented at $1875/month. Third floor is two-bedroom, one-bathroom unit, rented out for $825/month. Owner pays electric & electric heat for whole building ($750/month in summer months, $1800/month in winter months), for personal reasons. Age of the systems is mostly unknown, but all operational, and no systems need to be updated immediately (APO). Property will likely pass FHA & VA Financing Options.
Last Agent to Sell the Property
Coldwell Banker Realty - Western MA Listed on: 08/22/2023
Co-Listed By
Jack Watson
Coldwell Banker Realty - Western MA
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,200
Year Built
- Built in 1909
Lot Details
- 6,434 Sq Ft Lot
- Fenced
- Level Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Brick Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,869 Sq Ft Home
- 1 Fireplace
- Microwave
- Washer
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
Listing and Financial Details
- Total Actual Rent $2,800
- Rent includes unit 1(electric), unit 2(electric), unit 3(electric)
- Assessor Parcel Number S:01235 P:0089,2573323
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $5,200
- Operating Expense $5,200
- Net Operating Income $27,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 27, 2020
Sold by
Emtay Inc
Bought by
Smith Shaynah M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,558
Interest Rate
3.3%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 27, 2019
Sold by
Lu Hai P and Deutsche Bank Natl T Co
Bought by
Emtay Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 5, 2005
Sold by
Powers-Lowe Penney E
Bought by
Lu Hai Phuong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 8, 2000
Sold by
Gluck Sylvia and Altman Margaret
Bought by
Barry-Campbell Robert and Powers-Lowe Penney
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
8.1%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Shaynah M | $190,000 | None Available | |
| Emtay Inc | $116,000 | -- | |
| Lu Hai Phuong | $116,500 | -- | |
| Barry-Campbell Robert | $89,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aguasvivas Yulaska G | $368,207 | |
| Closed | Smith Shaynah M | $186,558 | |
| Previous Owner | Emtay Inc | $105,000 | |
| Previous Owner | Lu Hai P | $152,000 | |
| Previous Owner | Lu Hai Phuong | $90,000 | |
| Previous Owner | Barry-Campbell Robert | $85,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $375,000 | +25.0% | $97 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/22/2023 08/22/23 | For Sale | $300,000 | -- | $78 / 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 | $6,537 | $416,900 | $25,500 | $391,400 |
| 2024 | $4,502 | $280,300 | $23,900 | $256,400 |
| 2023 | $3,200 | $187,700 | $22,700 | $165,000 |
| 2022 | $3,764 | $200,000 | $20,700 | $179,300 |
| 2021 | $3,506 | $185,500 | $18,800 | $166,700 |
| 2020 | $3,869 | $198,100 | $18,800 | $179,300 |
| 2019 | $3,733 | $189,700 | $18,800 | $170,900 |
| 2018 | $3,802 | $193,200 | $18,800 | $174,400 |
| 2017 | $2,558 | $130,100 | $15,100 | $115,000 |
| 2016 | $2,402 | $122,200 | $15,100 | $107,100 |
| 2015 | $2,571 | $130,700 | $15,100 | $115,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2023
Jack Watson
Coldwell Banker Realty - Western MA
-
Buyer's Agent in 2023
Silverio Estates Group
Century 21 North East
(978) 775-8200
2 in this area
21 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73151180
APN: SPRI-001235-000000-000089
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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