COMMERCIAL PROPERTY RECORD CARD

CITY OF SPRINGFIELD

Situs: 345 - 347 BAY ST Map ID: 010850394 Class: 111: Apartments - 4 To 8 Units Card: 1 of 1
Assessed Owner

345 BAY ST CW, LLC
20 C DELCARMINE SR
WAKEFIELD MA 01880
General Information
 
Living Units:
 
6
  Neighborhood:   114
  Alternate:  
  Zoning:   B2
  Class:   A

Photo
Diagram
Land Information
Type   Size   Influence Factors Influence % Value
PRIMARY SF 11,188   24,800
 
Total Acres: 0.2568
Assessment Information
  Assessed Appraised Cost Income Market
Land 24,800 24,800 24,800 24,800 0
Building 515,200 515,200 488,900 515,200 0
Total 540,000 540,000 513,700 540,000 0
 
Value Flag: INCOME APPROACH Manual Override Reason:
Entrance Information
Date ID Entry Code Source
2017-04-13 3 ESTIMATED FOR MISC REASON OTHER
2016-07-05 3 ENTRY GAINED OTHER
2016-03-16 3 NOT AT HOME OTHER
2015-08-17 3 UNOCCUPIED OTHER
2007-10-11 CB NOT AT HOME OTHER
Permit Information
Date Issued Number Price   Purpose % Complete
2015-06-29 15BLDOT-00121AL 65000   OTHER 100
Sales/Ownership History
Transfer Date Price Type Validity Deed Ref. Deed Type Grantee
2022-09-12 535,000 LAND + BLDG VALID SALE 24720 / 469 345 BAY ST CW, LLC
2019-09-19 365,000 LAND + BLDG VALID SALE 22859 / 389 345 BAY STREET LLC
2016-12-30 0 LAND + BLDG TRANSFER OF CONVENIENCE 21499 / 440 HOUSER PETER TRUSTEE
2016-11-17 0 LAND + BLDG TRANSFER OF CONVENIENCE 21450 / 201 ONOTA RENTAL LLC
2007-10-12 0 LAND + BLDG TRANSFER OF CONVENIENCE 16969 / 0154 VITO ANDREA E TRUSTEE
2005-07-29 305,000 LAND + BLDG 15208 / 0059 VITO ANDREA E & CHRISTOPHER A O NEIL
2004-01-13 166,000 LAND + BLDG 13897 / 0284 BAY STREET REALTY TRUST
2002-12-06 145,000 LAND + BLDG 12776 / 0094 KOSTOULAS ANGELO
1992-03-03 105,000 LAND + BLDG REPOSSESSION 07959 / 0379 TIFFY CORP
1985-11-22 69,000 LAND + BLDG 05949 / 0466 CLEMENT RESTORATIONS 1985 LIMI
Building Information
Year Built/Eff Year: 1895 /
Building #: 1
Structure Type: RESIDENTIAL 4-8 FAMILY
Identical Units: 1
Total Units: 6
Grade: C+
# Covered Parking:  
# Uncovered Parking:  
DBA:  
Building Other Features
Line Type +/- Meas1 Meas2 # Stops Ident Units
2 PORCH COVERED   28 1 2
2 PORCH COVERED   80 1 1
3 PORCH COV-UPPER   138 1 1

Interior / Exterior Information
Line Level From -To Int Fin Area Perim
1 B1 B1 100 1,934 198
2 01 01 100 1,934 198
3 02 02 100 1,934 198
4 03 03 100 224 88
5 A1 A1 100 1,710 166
Use Type Wall Height Ext Walls Construction Partitions Heating Cooling Plumbing Physical Functional
SUPPORT AREA 7 none WOOD FRAME/JOIST/BEAM NONE NONE NONE NONE 2 2
APARTMENT 9 Masonry & Frame WOOD FRAME/JOIST/BEAM NORMAL HOT AIR NONE NORMAL 4 3
APARTMENT 9 Masonry & Frame WOOD FRAME/JOIST/BEAM NORMAL HOT AIR NONE NORMAL 4 3
APARTMENT 9 Masonry & Frame WOOD FRAME/JOIST/BEAM NORMAL HOT AIR NONE NORMAL 4 3
APARTMENT 8 Masonry & Frame WOOD FRAME/JOIST/BEAM NORMAL HOT AIR NONE NORMAL 4 3
Interior/Exterior Valuation Detail
Line Area Use Type % Good % Complete Value/RCNLD
1 1,934     SUPPORT AREA 42 0.00 14,730
2 1,934     APARTMENT 55 0.00 191,680
3 1,934     APARTMENT 55 0.00 186,460
4 224     APARTMENT 55 0.00 26,660
5 1,710     APARTMENT 55 0.00 64,250
Outbuilding Data
Line Type Yr Blt Meas1 Meas2 Qty Area Grade Condition
1 PAVING ASPHALT PARKING 1985 1 5000 1 5,000 C FAIR (Comm)
Apartment Detail - Building 1 of 1
Line Use Use Type Per Bldg Beds Baths Units Rent Income
1 011 APARTMENT 4 2 0 4 15,000 60,000
3 011 APARTMENT 2 1 0 2 13,200 26,400
Income Detail (Includes all Buildings on Parcel)
Use Grp Mod Type Inc Mod Model Description Units Net Area Income Rate Econ Adjust Potential Gross Income
00 S 001 NO INCOME CONTRIBUTION 0 19 0.00 0
01 A 711 LOW RISE APARTMENT 6 4,776 0.00 86,400
Vac Model Vac Adj Additional Income Effective Gross Income Expense Model % Expense Adj % Expense Adj Other Expenses Total Expenses Net Operating Income
0 0 0 0 0 0 0 0 0 0
10 0 0 77,760 50 0 0 38,880 38,880 38,880
Building Cost Detail - Building 1 of 1
Total Gross Bldg Area 6,710
Replace Cost New Less Depr483,780
% Complete 100
# Identical Units 1
Econ Conditions Factor 0
Final Building Value 483,780
Value per SF 72.10
Income Summary (Includes all Buildings on Parcel)
Total Net Income 38,880
Capitalization Rate 0.0720
Sub Total 540,000
Residual Land Value 0
Final Income Value 540,000
Total Net Rent Area 4,795
Total Gross Building Area 6,710

FY 2024 data: property descriptions as of June 30, 2023, and values as of January 1, 2023

Page last updated:  Monday May 13, 2024 01:16:10 PM