NOT LISTED FOR SALE

Estimated Value: $413,449 - $462,000

9 Beds
3 Baths
3,652 Sq Ft
$120/Sq Ft Est. Value

Last Sold October 30, 2024

Last sale price $425,000 $116 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,892/month

2 Days on Market

Highlights

  • Medical Services
  • Community Pool
  • Jogging Path
  • Property is near public transit
  • Tennis Courts
  • Porch

About This Home

As of October 2024

Cash Cow! With rents on the rise, do not miss this rare opportunity to purchase this income-producing 3 family home located in the Forest Park section of Springfield. Generate immediate cash flow as an investor or potentially live for free in one of the units while your tenant in the other unit pays you rent. Each unit features over 1000 square feet of living space with 3 bedrooms, an eat in kitchen, foyer, laundry room and living room. Tenants each pay for their own utilities. Lead Certificates available. this property is an attractive option for those looking to grow their real estate portfolio or start a new investment journey. Don't miss out on this golden opportunity to secure a steady stream of rental income. Contact us today for a viewing!

Last Listed By

Ed Nunez

NRG Real Estate Services, Inc. Listed on: 09/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,399

Year Built

  • Built in 1909

Lot Details

  • 6,917

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,652 Sq Ft Home
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Kensington Elementary School
  • Forest Park Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Additional Features

  • Porch
  • 6,917 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $5,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number S:01580 P:0077,2574451

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,399

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1909
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 3652
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: M95357
  • LIST PRICE PER Sq Ft: 109.26
  • PRICE PER Sq Ft: 116.37
  • MAIN SO: NB3534

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Heating: Forced Air, Natural Gas, Baseboard
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, Other
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:01580 P:0077,2574451
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6917
  • Lot Size Units: Acres
  • PAGE: 163
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5399
  • Tax Book Number: 21881

Multi Family

  • Gross Income: 60000
  • Net Operating Income: 60000
  • Number Of Units Total: 3
  • Total Actual Rent: 5000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • Elementary School: Kensington
  • Middle Or Junior School: Forest Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 12, 2024
Sold by
Mathur Nishant
Bought by
Bloomfield Street Llc
Seller's Agent
Ed Nunez
NRG Real Estate Services, Inc.
Buyer's Agent
Dennis McClosky
Redfin Corp.
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%
Total Days on Market
2
Views
9
Current Estimated Value
$438,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,362
Avg. Annual Appreciation
6.39%
Original Mortgage
$318,750
Outstanding Balance
$317,175
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$121,187

Purchase Details

Closed on
Sep 29, 2017
Sold by
Slaughter Seneca P
Bought by
Watkins Sheena H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 9, 2010
Sold by
Wachovia Mortgage Corp
Bought by
Slaughter Seneca P

Purchase Details

Closed on
Jul 28, 2010
Sold by
Mathieu Judith and Wachovia Mtg Corp
Bought by
Wachovia Mortgage Corp

Purchase Details

Closed on
Aug 3, 2004
Sold by
Morales Andres E
Bought by
Mathieu Francois and Mathieu Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2002
Sold by
Torres-Rivera Eugenia
Bought by
Morales Andres E

Purchase Details

Closed on
Sep 20, 2000
Sold by
Hernandez Antonio and Hernandez Lizette
Bought by
Torres-Rivera Eugenia

Purchase Details

Closed on
Aug 29, 1997
Sold by
Murray John T
Bought by
Hernandez Antonio and Hernandez Lizette

Purchase Details

Closed on
Jun 24, 1997
Sold by
Damato Anthony S and Damato Barbara A
Bought by
Murray John T

Range of Values:

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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
Bloomfield Street Llc -- None Available
Bloomfield Street Llc -- None Available
Watkins Sheena H $180,000 --
Slaughter Seneca P $50,000 --
Slaughter Seneca P $50,000 --
Wachovia Mortgage Corp $58,650 --
Wachovia Mortgage Corp $58,650 --
Mathieu Francois $170,000 --
Mathieu Francois $170,000 --
Morales Andres E $126,000 --
Morales Andres E $126,000 --
Torres-Rivera Eugenia $105,000 --
Torres-Rivera Eugenia $105,000 --
Hernandez Antonio $95,000 --
Hernandez Antonio $95,000 --
Murray John T $52,000 --
Murray John T $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathur Nishant $318,750
Closed Mathur Nishant $318,750
Previous Owner Watkins Sheena H $50,558
Previous Owner Watkins Sheena H $176,739
Previous Owner Watkins Sheena H $2,500
Previous Owner Slaughter Seneca P $70,000
Previous Owner Mathieu Francois $169,200
Previous Owner Mathieu Francois $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $425,000 +6.5% $116 / Sq Ft
09/08/2024 09/08/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $399,000 -- $109 / 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
2024 $5,399 $336,200 $31,300 $304,900
2023 $4,295 $251,900 $28,500 $223,400
2022 $4,662 $247,700 $26,600 $221,100
2021 $4,313 $228,200 $24,200 $204,000
2020 $4,092 $209,500 $24,200 $185,300
2019 $3,792 $192,700 $24,200 $168,500
2018 $3,503 $178,000 $24,200 $153,800
2017 $3,266 $166,100 $22,700 $143,400
2016 $2,884 $146,700 $22,700 $124,000
2015 $2,939 $149,400 $22,700 $126,700
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286352

MLS Property Information Network (MLS PIN)

APN: SPRI-001580-000000-000077