NOT LISTED FOR SALE

49 Fairview Ave West Springfield, MA 01089

Estimated Value: $302,598 - $401,000

5 Beds
3 Baths
2,890 Sq Ft
$125/Sq Ft Est. Value

Last Sold June 26, 2014

Last sale price $150,000 $52 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,246/month

76 Days on Market

About This Home

As of June 2014

ATTENTION INVESTORS: IMMEDIATE POSITIVE CASH FLOW. Lowest priced 3 family in town and highest incoming rents. Prime West Springfield location. Fully rented 3 family with 2 car garage, back yard, screened/enclosed porches. Solid tenants, 20 year tenant on 3rd floor. Updates include replacement windows on 1st floor (2014). Replaced entire bulkhead 2013. New hot water tanks installed 2012, 2010 and 2009. 2nd floor new steam boiler 2007. 1st and 2nd floors painted 2012, 3rd floor painted 2014. Exterior needs cosmetic TLC. BRING OFFERS. Being sold "as is".

Last Agent to Sell the Property

John Heenan

EXIT Realty Beatrice Associates License #448501296 Listed on: 03/12/2014

EXIT Realty Beatrice Associates

Last Buyer's Agent

Kelley And Katzer Team

Kelley & Katzer Real Estate, LLC

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Listing Details

  • Lot Description: Level
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1905

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Electric: 110 Volts
  • Flooring: Wood, Vinyl, Wall to Wall Carpet
  • Basement: Full, Bulkhead

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Features: Porch, Porch - Enclosed, Porch - Screened
  • Foundation: Concrete Block, Irregular

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2014
Closed on
Jun 27, 2014
Sold by
Arsenault Kim M
Bought by
Battista & Sons Prop Mgm
Seller's Agent
John Heenan
EXIT Realty Beatrice Associates
Buyer's Agent
Kelley And Katzer Team
Kelley & Katzer Real Estate, LLC
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%
Current Estimated Value
$359,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,900
Avg. Annual Appreciation
7.85%
Original Mortgage
$120,000
Outstanding Balance
$91,507
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$268,393

Purchase Details

Closed on
Nov 5, 2004
Sold by
Jarrett Theodore C
Bought by
Arsenault Kim M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 1992
Sold by
Heritage Bk Svgs
Bought by
Jarrett Theodore C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,900
Interest Rate
8.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 1992
Sold by
Yazel John E
Bought by
Heritage Bk Svgs
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Battista & Sons Prop Mgm $150,000 --
Arsenault Kim M $174,000 --
Jarrett Theodore C $71,000 --
Heritage Bk Svgs $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Battista & Sons Prop Mgm $120,000
Previous Owner Arsenault Kim M $129,600
Previous Owner Heritage Bk Svgs $73,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2014 06/26/14 Sold $150,000 -16.6% $52 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $179,900 -- $62 / 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 $4,593 $308,900 $94,900 $214,000
2024 $4,575 $308,900 $94,900 $214,000
2023 $3,891 $250,400 $85,300 $165,100
2022 $3,822 $242,500 $77,400 $165,100
2021 $3,529 $208,800 $70,700 $138,100
2020 $3,548 $208,800 $70,700 $138,100
2019 $3,541 $208,800 $70,700 $138,100
2018 $3,560 $208,800 $70,700 $138,100
2017 $3,560 $208,800 $70,700 $138,100
2016 $3,502 $206,100 $68,000 $138,100
2015 $3,215 $189,200 $66,700 $122,500
2014 $3,105 $189,200 $66,700 $122,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71644277

MLS Property Information Network (MLS PIN)

APN: WSPR-000253-001250-000024