Cheryl Malandrinos
HB Real Estate, LLC
(413) 314-2727
80 Total Sales
1 in Pine Point
$257,000 Price
57 E Bay Path Terrace Unit 59 Springfield, MA 01109
Pine Point NeighborhoodEstimated Value: $394,333
16
Beds
8
Baths
6,840
Sq Ft
$58/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near golf course, public transit, and schools
- Jogging Path
- 0.46 Acre Lot
- Tennis Courts
- 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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,792
Year Built
- Built in 1969
Lot Details
- 20,000 Sq Ft 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 golf course, 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
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $72,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2024
Closed on
Dec 5, 2024
Sold by
Gellis Constantin S and Gellis Sofia C
Bought by
Seller's Agent
Chester Ardolino
Berkshire Hathaway HomeServices Realty Professionals
Buyer's Agent
Marc Murphy
Lock and Key Realty Inc.
List Price
$1,350,000
Sold Price
$1,100,000
Premium/Discount to List
-$250,000
-18.52%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$705,667
Avg. Annual Appreciation
-43.62%
Original Mortgage
$855,000
Outstanding Balance
$838,840
Interest Rate
6.54%
Mortgage Type
Commercial
Estimated Equity
-$444,507
Purchase Details
Closed on
Mar 21, 1994
Sold by
Conn River Vly Corp
Bought by
Gellis Constantin S and Gellis Sofia C
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pine Point, MA
-
Cheryl Malandrinos
-
Team Tom Truong
Team Tom Truong
eXp Realty LLC
(781) 430-4830
39 Total Sales
1 in Pine Point
$284,000 Price
-
Karen Kopeski
Karen Kopeski
Today Real Estate, Inc.
(413) 420-5422
80 Total Sales
1 in Pine Point
$235,000 Price
-
Mela Dieujuste
Mela Dieujuste
IVerty Realty, LLC
(413) 241-7854
86 Total Sales
6 in Pine Point
$233K - $380K Price Range
-
Sadie Camilo-Perdomo
Sadie Camilo-Perdomo
Team Zingales Realty LLC
(351) 208-1301
37 Total Sales
1 in Pine Point
$290,000 Price
-
Monique Frigon
Monique Frigon
RE/MAX Generations
(413) 992-3209
156 Total Sales
2 in Pine Point
$246K - $260K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,100,000 | None Available | ||
| Gellis Constantin S | $204,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $855,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
9 in this area
132 Total Sales
-
Marc Murphy
Buyer's Agent in 2024
Marc Murphy
Lock and Key Realty Inc.
(413) 372-3785
1 in this area
9 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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