NOT LISTED FOR SALE

Estimated Value: $458,000 - $549,000

9 Beds
3 Baths
4,602 Sq Ft
$107/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $460,000 $100 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,114/month

40 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Park
  • Jogging Path
  • Living Room
  • 4-minute walk to Cottage Hill Park

About This Home

As of April 2024

ATTENTION INVESTORS: Take advantage of this amazing opportunity in the Springfield neighborhood of Indian Orchard! Located in a corner, this 3-unit building has plenty off-street parking and a great size side yard for families to enjoy. Currently is fully rented with long term great paying tenants. Each apartment is over 1,100 sqft with great layout including 3 bedrooms, separate dining and living rooms, ample kitchen area. Laundry hook ups available in the basement separate for each unit. Currently only the first floor tenant uses it. Hot water tanks have been replaced in the last 5 years. Roof is flat/rubber and is about 17 years old. There hasn't been any issues with the roof APO. New heating systems installed in 2020-2021 for first and second floor units. All units are occupied, 2nd and 3rd floor are month-to-month and 1st floor is yearly.

Last Agent to Sell the Property

Veronique Leroy

Gallagher Real Estate Listed on: 01/08/2024

Gallagher Real Estate

Last Buyer's Agent

Mario Pleitez

United Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,660

Year Built

  • Built in 1912

Lot Details

  • 5,175 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,602 Sq Ft Home
  • Living Room
  • Dining Room
  • Washer and Electric Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

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

Outdoor Features

  • Bulkhead
  • Shed
  • Porch

Location

  • Property is near schools

Utilities

  • Forced Air Heating System
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • 110 Volts

Listing and Financial Details

  • Total Actual Rent $3,910
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 2573929

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Operating Expense $12,000
  • Net Operating Income $41,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,660

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1912
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Laundry Room, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Bulkhead, Concrete
  • Living Area: 4602
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN5468
  • MAIN SO: BB9067

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
  • Heating: Hot Water, Steam, Natural Gas, Forced Air
  • Electric: 110 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Laundromat, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2573929
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5175
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4660

Multi Family

  • Net Operating Income: 41160
  • Number Of Units Total: 3
  • Operating Expense: 12000
  • Total Actual Rent: 3910
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Apr 16, 2024
Sold by
Buitrago & Ballesteros Ll
Bought by
Rodriguez Nery G and Deleon Adela E
Seller's Agent
Veronique Leroy
Gallagher Real Estate
Buyer's Agent
Mario Pleitez
United Brokers
List Price
$449,900
Sold Price
$460,000
Premium/Discount to List
$10,100
2.24%
Views
130
Current Estimated Value
$493,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,895
Avg. Annual Appreciation
4.46%
Original Mortgage
$414,000
Outstanding Balance
$407,046
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$86,849

Purchase Details

Closed on
Feb 24, 2023
Sold by
Buitrago Ivan and Ballesteros Paola
Bought by
Buitrago and Buitrago Ballesteros

Purchase Details

Listed on
Jun 8, 2022
Closed on
Aug 24, 2022
Sold by
Prime Living Prop Llc
Bought by
Buitrago Ivan and Ballesteros Paola
Seller's Agent
Veronique Leroy
Gallagher Real Estate
Buyer's Agent
Veronique Leroy
Gallagher Real Estate
List Price
$370,900
Sold Price
$365,000
Premium/Discount to List
-$5,900
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$273,750
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2019
Sold by
Gonzalez Juan
Bought by
Prime Living Properties

Purchase Details

Listed on
Aug 21, 2017
Closed on
Oct 30, 2017
Sold by
Crane Daniel C
Bought by
Gonzalez Juan
Seller's Agent
Authier LaDuke Team
Coldwell Banker Realty - Western MA
Buyer's Agent
Marisol Franco
Coldwell Banker Realty - Western MA
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$168,750
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2003
Sold by
Crane Andrew J
Bought by
Crane Daniel C and Crane Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,902
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 1997
Sold by
Polish Natl Cu
Bought by
Crane Andrew J
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
Rodriguez Nery G $460,000 None Available
Buitrago -- None Available
Buitrago -- None Available
Buitrago Ivan $365,000 None Available
Prime Living Properties -- --
Prime Living Properties -- --
Gonzalez Juan $225,000 --
Crane Daniel C $140,000 --
Crane Daniel C $140,000 --
Crane Daniel C $140,000 --
Crane Andrew J $38,600 --
Crane Andrew J $38,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Nery G $414,000
Previous Owner Buitrago Ivan $273,750
Previous Owner Gonzalez Juan $168,750
Previous Owner Crane Daniel C $138,902
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2024 04/16/24 Sold $460,000 +2.2% $100 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $449,900 +23.3% $98 / Sq Ft
08/25/2022 08/25/22 Sold $365,000 -1.3% $79 / Sq Ft View Prior Sale
06/10/2022 06/10/22 Pending -- -- --
06/09/2022 06/09/22 Price Changed $369,900 -0.3% $80 / Sq Ft
06/08/2022 06/08/22 For Sale $370,900 +64.8% $81 / Sq Ft
10/30/2017 10/30/17 Sold $225,000 -2.2% $53 / Sq Ft View Prior Sale
09/08/2017 09/08/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $230,000 0.0% $54 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $230,000 -- $54 / 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 $6,150 $392,200 $43,200 $349,000
2024 $5,412 $337,000 $40,400 $296,600
2023 $4,660 $273,300 $33,100 $240,200
2022 $4,332 $230,200 $31,000 $199,200
2021 $4,315 $228,300 $28,200 $200,100
2020 $4,342 $222,300 $28,200 $194,100
2019 $3,737 $189,900 $29,200 $160,700
2018 $3,578 $181,800 $29,200 $152,600
2017 $3,411 $173,500 $24,800 $148,700
2016 $3,442 $175,100 $24,800 $150,300
2015 $3,334 $169,500 $24,800 $144,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73191772

MLS Property Information Network (MLS PIN)

APN: SPRI-001342-000000-000012