Seller's Agent in 2023
Lisa Luciano
Fathom Realty
(413) 234-4121
3 in this area
45 Total Sales
68-70 Wallace St Springfield, MA 01119
Boston Road NeighborhoodEstimated Value: $273,000 - $348,000
4
Beds
2
Baths
1,440
Sq Ft
$212/Sq Ft
Est. Value
About This Home
As of February 2023Great investment opportunity! Come check out this two family in great, easy to rent location. Could be sold as a portfolio package with 64-66 Wallace St. Both units tenant occupied. Roof redone (APO Nov/Dec 2021). Existing tenants on month to month leases ready for new ownership. One tenant is Section 8. Two parking spaces, one for each unit. Rents are below market with room for rent increase. Earn yourself some solid CASH FLOW with this multifamily investment property. Sold as is; tenants to remain; 48hr notice for showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,465
Year Built
- Built in 1970
Lot Details
- 4,948 Sq Ft Lot
Home Design
- Block Foundation
Interior Spaces
- 1,440 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- Open Parking
Community Details
- 2 Units
- Net Operating Income $18,000
Listing and Financial Details
- Total Actual Rent $1,500
- Assessor Parcel Number S:11945 P:0013,2610523
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2022
Closed on
Feb 7, 2023
Sold by
Rivera Ramon
Bought by
Weber Erick C and Weber Annamay A
Seller's Agent
Lisa Luciano
Fathom Realty
Buyer's Agent
Zuleika Rivera
Berkshire Hathaway Home Service New England Properties
List Price
$265,000
Sold Price
$245,000
Premium/Discount to List
-$20,000
-7.55%
Views
126
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
$59,802
Avg. Annual Appreciation
7.28%
Original Mortgage
$183,750
Outstanding Balance
$177,275
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$127,527
Purchase Details
Closed on
Sep 25, 2003
Sold by
Bretta Thomas L
Bought by
Rivera Ramon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 23, 1996
Sold by
Cazavilan Robert M and Cazavilan Steven C
Bought by
Bretta Thomas L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.01%
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 |
|---|---|---|---|
| Weber Erick C | $245,000 | None Available | |
| Rivera Ramon | $134,000 | -- | |
| Rivera Ramon | $134,000 | -- | |
| Bretta Thomas L | $37,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Weber Erick C | $183,750 | |
| Previous Owner | Rivera Ramon | $86,000 | |
| Previous Owner | Bretta Thomas L | $79,000 | |
| Previous Owner | Bretta Thomas L | $76,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/09/2023 02/09/23 | Sold | $245,000 | -7.5% | $170 / Sq Ft |
| 12/07/2022 12/07/22 | Pending | -- | -- | -- |
| 11/06/2022 11/06/22 | For Sale | $265,000 | 0.0% | $184 / Sq Ft |
| 11/06/2022 11/06/22 | Off Market | $265,000 | -- | -- |
| 11/02/2022 11/02/22 | Price Changed | $265,000 | -5.0% | $184 / Sq Ft |
| 10/09/2022 10/09/22 | Price Changed | $278,900 | -1.8% | $194 / Sq Ft |
| 09/28/2022 09/28/22 | For Sale | $283,900 | -- | $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 | $3,779 | $241,000 | $42,900 | $198,100 |
| 2024 | $3,463 | $215,600 | $40,100 | $175,500 |
| 2023 | $3,088 | $181,100 | $38,200 | $142,900 |
| 2022 | $3,465 | $184,100 | $38,200 | $145,900 |
| 2021 | $2,835 | $150,000 | $34,700 | $115,300 |
| 2020 | $2,859 | $146,400 | $34,700 | $111,700 |
| 2019 | $2,680 | $136,200 | $34,700 | $101,500 |
| 2018 | $2,515 | $127,800 | $34,700 | $93,100 |
| 2017 | $2,725 | $138,600 | $34,700 | $103,900 |
| 2016 | $2,465 | $125,400 | $34,700 | $90,700 |
| 2015 | $2,207 | $112,200 | $34,700 | $77,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Luciano
-
Zuleika Rivera
Buyer's Agent in 2023
Zuleika Rivera
Berkshire Hathaway Home Service New England Properties
(413) 209-4847
2 in this area
25 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73041649
APN: SPRI-011945-000000-000013
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