57 E Bay Path Terrace Unit 59 Springfield, MA 01109
Pine Point Neighborhood
16
Beds
8
Baths
6,840
Sq Ft
0.46
Acres
Highlights
- Golf Course Community
- 0.46 Acre Lot
- Tennis Courts
- Medical Services
- Property is near public transit
- 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
- Near Conservation Area
- 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
Outdoor Features
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Total Actual Rent $9,600
Community Details
Overview
- 8 Units
- 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
Similar Homes in Springfield, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $204,000 | -- | |
| Deed | $204,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $855,000 | Commercial | |
| Closed | $855,000 | Commercial | |
| Closed | $40,800 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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
Seller's Agent in 2024
Chester Ardolino
Berkshire Hathaway HomeServices Realty Professionals
(413) 221-0310
14 in this area
141 Total Sales
-
Marc Murphy
Buyer's Agent in 2024
Marc Murphy
Lock and Key Realty Inc.
(413) 372-3785
1 in this area
20 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73277022
APN: SPRI-004295-000000-000020
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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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