Seller's Agent in 2024
Chester Ardolino
Berkshire Hathaway HomeServices Realty Professionals
(413) 221-0310
13 in this area
132 Total Sales
57 E Bay Path Terrace Unit 59 Springfield, MA 01109
Pine Point NeighborhoodEstimated Value: $352,000 - $501,000
16
Beds
8
Baths
6,840
Sq Ft
$60/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 0.46 Acre Lot
- Tennis Courts
- Medical Services
- Property is near public transit and schools
- 5-minute walk to Blunt Park
About This Home
As of December 2024Investors take notice of this rare, quality investment opportunity to own 4 Duplexes on the same street for a total of 8 Units. Income producing, revenue generating properties with solid, stable tenancy. The rents are currently below market rate with significant upside when increased. Many improvements to the units. Easy maintenance with the properties being in close proximity to each other. All electric heat provides even more ease for the owner. This is an investment that suites local and out of area investors looking for a simple & sound investment.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Realty Professionals Listed on: 08/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,792
Year Built
- Built in 1969
Lot Details
- 0.46 Acre Lot
- Level Lot
- Cleared Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 6,840 Sq Ft Home
- Window Screens
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Parking
- 16 Car Parking Spaces
- Off-Street Parking
Additional Features
- Rain Gutters
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $9,600
Community Details
Overview
- 8 Units
- Near Conservation Area
- Property has 2 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $72,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 1994
Sold by
Conn River Vly Corp
Bought by
Gellis Constantin S and Gellis Sofia C
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
$40,800
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gellis Constantin S | $204,000 | -- | |
| Gellis Constantin S | $204,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Gellis Constantin S | $40,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2024 12/06/24 | Sold | $1,100,000 | -18.5% | $161 / Sq Ft |
| 08/30/2024 08/30/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | For Sale | $1,350,000 | -- | $197 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $4,339 | $276,700 | $39,000 | $237,700 |
| 2024 | $3,948 | $245,800 | $32,500 | $213,300 |
| 2023 | $3,773 | $221,300 | $29,500 | $191,800 |
| 2022 | $3,568 | $189,600 | $27,600 | $162,000 |
| 2021 | $3,427 | $181,300 | $25,100 | $156,200 |
| 2020 | $3,195 | $163,600 | $25,100 | $138,500 |
| 2019 | $2,950 | $149,900 | $25,100 | $124,800 |
| 2018 | $2,850 | $144,800 | $25,100 | $119,700 |
| 2017 | $2,920 | $148,500 | $23,200 | $125,300 |
| 2016 | $2,678 | $136,200 | $23,200 | $113,000 |
| 2015 | $2,532 | $128,700 | $23,200 | $105,500 |
Source: Public Records
Agents Affiliated with this Home
-
Chester Ardolino
-
Marc Murphy
Buyer's Agent in 2024
Marc Murphy
Lock and Key Realty Inc.
(413) 372-3785
1 in this area
13 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73277022
APN: SPRI-004295-000000-000020
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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