K
Seller's Agent in 2024
Kevin Li
MP Signature Realty LLC
(617) 257-3595
7 in this area
19 Total Sales
89 Kensington Ave Springfield, MA 01108
Forest Park Neighborhood
10
Beds
6
Baths
5,701
Sq Ft
5,702
Sq Ft Lot
Highlights
- Property is near public transit
- Corner Lot
- Living Room
About This Home
As of September 2024Investment opportunity: Fully leased 6-family property near downtown Springfield with four 2-bedroom units and two 1-bedroom units. Several units have been renovated to high-end, modern condo-quality finishes, and others have been updated with new kitchens, floors, and bathrooms. All units have lead certificates. The property is professionally managed and has recently undergone updates including a brand new roof replaced in 2023, newly redone siding, and newly built front steps and porch. Tenants pay all utilities except for hot water. Currently, the property generates over $92k annually in gross rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,155
Year Built
- Built in 1924
Lot Details
- 5,702 Sq Ft Lot
- Corner Lot
Home Design
- Block Foundation
Interior Spaces
- 5,701 Sq Ft Home
- Living Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
Location
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $7,690
- Rent includes unit 1(hot water), unit 2(hot water), unit 3(hot water), unit 4(hot water)
- Assessor Parcel Number S:07230 P:0062,2590367
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Net Operating Income $92,280
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
Jul 9, 2024
Closed on
Sep 20, 2024
Sold by
Bought by
Seller's Agent
Kevin Li
MP Signature Realty LLC
Buyer's Agent
Azik Gamidov
Real Broker MA, LLC
List Price
$649,900
Sold Price
$695,000
Premium/Discount to List
$45,100
6.94%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Outstanding Balance
$476,692
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
May 21, 2021
Closed on
Jul 9, 2021
Sold by
Bought by
Seller's Agent
Joseph Carlos
Executive Real Estate, Inc.
Buyer's Agent
Kevin Li
MP Signature Realty LLC
List Price
$369,900
Sold Price
$375,000
Premium/Discount to List
$5,100
1.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.27%
Purchase Details
Closed on
Nov 20, 1991
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $695,000 | None Available | ||
| $375,000 | None Available | ||
| $105,000 | -- |
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 | $486,500 | ||
| Previous Owner | $15,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/20/2024 09/20/24 | Sold | $695,000 | +6.9% | $122 / Sq Ft | |
| 07/20/2024 07/20/24 | Pending | -- | -- | -- | |
| 07/10/2024 07/10/24 | For Sale | $649,900 | +73.3% | $114 / Sq Ft | |
| 07/09/2021 07/09/21 | Sold | $375,000 | +1.4% | $66 / Sq Ft | View Prior Sale |
| 05/25/2021 05/25/21 | Pending | -- | -- | -- | |
| 05/21/2021 05/21/21 | For Sale | $369,900 | -- | $65 / 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 | $7,073 | $451,100 | $30,800 | $420,300 |
| 2024 | $7,155 | $445,500 | $30,800 | $414,700 |
| 2023 | $6,800 | $398,800 | $28,000 | $370,800 |
| 2022 | $5,787 | $307,500 | $26,100 | $281,400 |
| 2021 | $5,447 | $288,200 | $23,800 | $264,400 |
| 2020 | $4,886 | $250,200 | $23,800 | $226,400 |
| 2019 | $4,820 | $244,900 | $23,800 | $221,100 |
| 2018 | $4,319 | $231,300 | $22,900 | $208,400 |
| 2017 | $4,319 | $219,700 | $22,300 | $197,400 |
| 2016 | $4,022 | $204,600 | $22,300 | $182,300 |
| 2015 | $3,875 | $197,000 | $22,300 | $174,700 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Li
-
Azik Gamidov
A
Buyer's Agent in 2024
Azik Gamidov
Real Broker MA, LLC
(413) 317-3988
1 in this area
25 Total Sales
-
J
Seller's Agent in 2021
Joseph Carlos
Executive Real Estate, Inc.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73262131
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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