NOT LISTED FOR SALE

61-63 Draper St Springfield, MA 01108

Forest Park Neighborhood

Estimated Value: $259,000 - $364,880

6 Beds
2 Baths
2,418 Sq Ft
$133/Sq Ft Est. Value

Last Sold October 11, 2022

Last sale price $200,000 $83 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,070/month

58 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • No Heating

About This Home

As of October 2022

Opportunity awaits! This multi-family is waiting for its new owner. Located in the Forest Park section of Springfield. This property features two units both with 3 bedrooms, a formal living room and dining room, and a large kitchen with pantry area. The second floor has recently seen some updates and is currently rented. The exterior is vinyl sided with vinyl replacement windows on the second floor unit. Property is tenant occupied and an appointment is required for access.

Last Agent to Sell the Property

James Coombs

Coldwell Banker Realty - Western MA Listed on: 06/24/2022

Coldwell Banker Realty - Western MA

Last Buyer's Agent

Susan Williams

Thompson Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,356

Year Built

  • Built in 1906

Lot Details

  • 5,001 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,418 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • No Heating
  • Water Heater

Community Details

  • 2 Units
  • Net Operating Income $6,000

Listing and Financial Details

  • Total Actual Rent $500
  • Assessor Parcel Number S:04080 P:0100,2581701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,356

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1906
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Laminate,Hardwood, Unit 1(undefined), Unit 2(Wood Flooring)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub & Shower), Unit 2(Pantry,Upgraded Cabinets,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Tank Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Unfinished
  • Living Area: 2418
  • Stories Total: 3
  • MAIN LO: AN6181
  • MAIN SO: AN3192

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(None), Unit 2(Steam,Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: S:04080 P:0100,2581701
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5001
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3356

Multi Family

  • Net Operating Income: 6000
  • Number Of Units Total: 2
  • Total Actual Rent: 500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Per Board Of Ed
  • Elementary School: Per Board Of Ed
  • Middle Or Junior School: Per Board Of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Oct 7, 2022
Sold by
Nunnally Zachary P
Bought by
Buy & Develop Inc
Seller's Agent
James Coombs
Coldwell Banker Realty - Western MA
Buyer's Agent
Susan Williams
Thompson Real Estate Group
List Price
$235,000
Sold Price
$200,000
Premium/Discount to List
-$35,000
-14.89%
Views
13
Current Estimated Value
$320,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,470
Avg. Annual Appreciation
15.51%
Original Mortgage
$222,000
Outstanding Balance
$212,310
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$108,160

Purchase Details

Listed on
Jun 24, 2022
Closed on
Sep 13, 2022
Sold by
Fnma
Bought by
Nunnally Zachary P
Seller's Agent
James Coombs
Coldwell Banker Realty - Western MA
Buyer's Agent
Susan Williams
Thompson Real Estate Group
List Price
$235,000
Sold Price
$200,000
Premium/Discount to List
-$35,000
-14.89%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Outstanding Balance
$212,310
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$108,160

Purchase Details

Closed on
Dec 4, 2018
Sold by
Murgolo James P and Nationstar Mortgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 6, 2004
Sold by
Murgolo Colleen F
Bought by
Murgolo Colleen F and Murgolo James P

Purchase Details

Closed on
Sep 4, 1997
Sold by
Faherty Jay M and Faherty Gail P
Bought by
Murgolo Colleen F

Purchase Details

Closed on
Aug 21, 1987
Sold by
Jerome Scarlett I
Bought by
Faherty Jay M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Buy & Develop Inc -- None Available
Buy & Develop Inc -- None Available
Nunnally Zachary P $200,000 None Available
Federal National Mortgage Association $102,716 --
Federal National Mortgage Association $102,716 --
Murgolo Colleen F -- --
Murgolo Colleen F -- --
Murgolo Colleen F $54,000 --
Murgolo Colleen F $54,000 --
Faherty Jay M $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buy & Develop Inc $222,000
Closed Buy & Develop Inc $222,000
Closed Nunnally Zachary P $222,000
Previous Owner Faherty Jay M $54,092
Previous Owner Faherty Jay M $26,661
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2022 10/11/22 Sold $200,000 -4.8% $83 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $210,000 -10.6% $87 / Sq Ft
06/24/2022 06/24/22 For Sale $235,000 -- $97 / 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 $4,728 $301,500 $36,800 $264,700
2024 $4,466 $278,100 $36,800 $241,300
2023 $3,130 $183,600 $35,100 $148,500
2022 $3,356 $178,300 $35,100 $143,200
2021 $3,056 $161,700 $31,900 $129,800
2020 $3,129 $160,200 $31,900 $128,300
2019 $3,033 $154,100 $31,900 $122,200
2018 $3,039 $154,400 $31,900 $122,500
2017 $3,114 $158,400 $31,900 $126,500
2016 $2,617 $133,100 $31,900 $101,200
2015 $2,626 $133,500 $31,900 $101,600
Source: Public Records

Agents Affiliated with this Home

  • James Coombs

    Seller's Agent in 2022

    James Coombs

    Coldwell Banker Realty - Western MA

    (413) 949-6915

    8 in this area

    103 Total Sales

    James Coombs
    Section Image

  • S

    Buyer's Agent in 2022

    Susan Williams

    Thompson Real Estate Group

    (413) 222-7746

    1 in this area

    5 Total Sales

    Susan Williams
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73003609

MLS Property Information Network (MLS PIN)

APN: SPRI-004080-000000-000100

Massachusetts Hampden County Springfield 01108 Forest Park

61-63 Draper St, Springfield, MA

Not Listed for Sale

MultiFamily

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