NOT LISTED FOR SALE

683 State St Springfield, MA 01109

Old Hill Neighborhood
25 Beds
17 Baths
11,250 Sq Ft
7,532 Sq Ft Lot

Last Sold October 28, 2024

Last sale price $1,410,000 $125 Per Sq Ft

73 Days on Market

About This Home

As of October 2024

**Back to Market with MAJOR Updates. Buyer lost Financing** Investment Opportunity! Welcome to 683-687 State Street, a hidden gem nestled in the heart of Springfield, MA. This property has a total of 17 units including: 15 residential & 2 commercial spaces. One commercial space is 2,600+ sq ft. & presents a PERFECT opportunity to convert into a Laundromat or Business! There are a variety of unit sizes, comprising (9) one-bedroom, (2) two-bedroom, & (4) three-bedroom units. ALL 15 residential units are FULLY updated. There are 4 one-bed units & 2 commercial units vacant. One bed units are expected to be filled within 30 days. Heat & hot water is provided by ownership & tenants are responsible for electric which includes electric stoves. Roofs are 1 year old and the heating system has been replaced within the past 5 years. The current property management in place is available to continue services once purchased. Don't pass up a chance like this in an expanding city such as Springfield,MA

Last Agent to Sell the Property

Jennilee Madison

Lock and Key Realty Inc. Listed on: 06/19/2024

Lock and Key Realty Inc.

Co-Listed By

Jessica Mekal

Lock and Key Realty Inc.

Last Buyer's Agent

Jennilee Madison

Lock and Key Realty Inc. Listed on: 06/19/2024

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,787

Year Built

  • Built in 1895

Lot Details

  • 7,532 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 11,250 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 25 Bedrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $14,425
  • Assessor Parcel Number S:11110 P:0516

Community Details

Overview

  • 17 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $23,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,787

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1895
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 25
  • Full Bathrooms: 15
  • Half Bathrooms: 2
  • Total Bathrooms: 17
  • Basement: Full
  • Living Area: 11250
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN5521
  • MAIN SO: AN5521

Exterior Features

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

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:11110 P:0516
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7532
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 14787.46

Multi Family

  • Net Operating Income: 23925
  • Number Of Units Total: 17
  • Total Actual Rent: 14425
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $1,410,000 -5.4% $125 / Sq Ft
09/02/2024 09/02/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $1,490,000 0.0% $132 / Sq Ft
08/16/2024 08/16/24 For Sale $1,490,000 -2.3% $132 / Sq Ft
06/29/2024 06/29/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $1,525,000 -- $136 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennilee Madison

    Seller's Agent in 2024

    Jennilee Madison

    Lock and Key Realty Inc.

    (413) 282-8080

    5 in this area

    146 Total Sales

    Jennilee Madison
    Section Image
  • Jessica Mekal

    Seller Co-Listing Agent in 2024

    Jessica Mekal

    Lock and Key Realty Inc.

    (413) 519-1423

    1 in this area

    15 Total Sales

    Jessica Mekal
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73254939

MLS Property Information Network (MLS PIN)
Massachusetts Hampden County Springfield 01109 Old Hill

683 State St, Springfield, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) 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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