NOT LISTED FOR SALE

57-59 Michigan St Springfield, MA 01151

Estimated Value: $327,000 - $453,000

4 Beds
2 Baths
1,904 Sq Ft
$203/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $360,000 $189 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,496/month

About This Home

As of February 2024

Welcome to 57-59 Michigan St., a charming and versatile property nestled near the serene Lake Lorraine. This well-maintained residence features two separate units, each offering two bedrooms and 1 bathroom, providing a perfect blend of comfort and functionality along with a 2-car garage. Do not miss the opportunity to make 57-59 Michigan St. your new home this property presents a rare and enticing opportunity for both investors and those seeking a comfortable and inviting living space. Schedule a showing today and discover the potential that awaits in this lovely property.

Last Agent to Sell the Property

Omar Argueta

Berkshire Hathaway HomeServices Realty Professionals Listed on: 01/10/2024

Berkshire Hathaway HomeServices Realty Professionals

Last Buyer's Agent

Aydin Kayabay

Realty ONE Group Cosmopolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,450

Year Built

  • Built in 1968

Lot Details

  • 7,501

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 1,904 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 7,501 Sq Ft Lot
  • 100 Amp Service

Community Details

  • 2 Units
  • Net Operating Income $17,400

Listing and Financial Details

  • Total Actual Rent $1,450
  • Assessor Parcel Number S:08605 P:0028,2595773

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,450

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1968
  • Buyer Agency: 2.5
  • Transaction Broker: 2.5
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Hardwood
  • Fireplace YN: No
  • Appliances: Utility Connections for Electric Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 1904
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN7274
  • LIST PRICE PER Sq Ft: 178.05
  • PRICE PER Sq Ft: 189.08
  • MAIN SO: AN6811

Exterior Features

  • Construction Materials: Frame, Stone
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Electric: 100 Amp Service
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: S:08605 P:0028,2595773
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7501
  • Lot Size Units: Acres
  • PAGE: 431
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4450
  • Tax Book Number: 10357

Multi Family

  • Gross Income: 17400
  • Net Operating Income: 17400
  • Number Of Units Total: 2
  • Total Actual Rent: 1450
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Feb 5, 2024
Sold by
Salem Annie
Bought by
Gunaydin Mert and Gunaydin Muharrem
Seller's Agent
Omar Argueta
Berkshire Hathaway HomeServices Realty Professionals
Buyer's Agent
Aydin Kayabay
Realty ONE Group Cosmopolitan
List Price
$339,000
Sold Price
$360,000
Premium/Discount to List
$21,000
6.19%
Views
30
Current Estimated Value
$377,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,893
Avg. Annual Appreciation
3.81%
Original Mortgage
$353,479
Outstanding Balance
$348,602
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$32,457
Source: Public Records

Range of Values:

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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
Gunaydin Mert $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gunaydin Mert $353,479
Closed Gunaydin Mert $353,479
Previous Owner Salem Annie $284,747
Previous Owner Michigan St Mtg T $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2024 02/06/24 Sold $360,000 +6.2% $189 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $339,000 +16.9% $178 / Sq Ft
09/17/2021 09/17/21 Sold $290,000 +7.4% $152 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $269,900 -- $142 / 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 $5,243 $334,400 $45,000 $289,400
2024 $4,706 $293,000 $42,100 $250,900
2023 $4,450 $261,000 $34,500 $226,500
2022 $3,926 $208,600 $32,300 $176,300
2021 $3,814 $201,800 $29,300 $172,500
2020 $3,547 $181,600 $29,300 $152,300
2019 $3,413 $158,500 $30,400 $128,100
2018 $2,973 $154,300 $30,400 $123,900
2017 $2,973 $151,200 $25,800 $125,400
2016 $2,566 $130,500 $25,800 $104,700
2015 $2,482 $126,200 $25,800 $100,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73192404

MLS Property Information Network (MLS PIN)

APN: SPRI-008605-000000-000028