57 E Bay Path Terrace Unit 59 Springfield, MA 01109
Pine Point NeighborhoodHighlights
- 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
Chester Ardolino
Berkshire Hathaway HomeServices Realty Professionals
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
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
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 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $855,000 | Commercial | |
| Closed | $855,000 | Commercial | |
| Closed | $40,800 | Purchase Money Mortgage |
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 |
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 |
|---|---|---|---|---|
| 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: MLS Property Information Network (MLS PIN)
MLS Number: 73277022
APN: SPRI-004295-000000-000020
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