NOT LISTED FOR SALE

1-3 Hummel Rd New Paltz, NY 12561

Estimated Value: $547,562 - $1,015,000

4 Beds
5 Baths
-- Sq Ft
1.28 Acres

Last Sold August 29, 2014

Last sale price $534,000

Est. 39% increase in value since last sale

Current estimated payment $5,107/month

176 Days on Market

Highlights

  • Wood Flooring
  • Shed
  • Stone Fireplace
  • No HOA
  • Heating System Uses Oil

About This Home

As of August 2014

5 unit money maker! Just minutes to village of New Paltz-- this is a perfect opportunity for the investor with 2 family house plus 3 rental units in separate building; fully occupied and never vacant! Tenants in 3 cottage units pay utilities and landlord pays oil for main house; located in nice setting with plenty of parking and easy convenience to all. All new siding , new windows, new appliances, New roof on cottages, tiled baths, Rental units are cheerful & in nice condition! A few steps to Bus Route!!!

Last Agent to Sell the Property

Cathy Pulichene

Past Member License #40PU0705480 Listed on: 03/05/2014

Past Member

Last Buyer's Agent

Carol Spirig

Halter Associates Realty License #30SP0647392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,125

Year Built

  • Built in 1945

Lot Details

  • 1.28

Parking

  • 1 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • Stone Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range

Utilities

  • Heating System Uses Oil
  • Well
  • Septic Tank

Additional Features

  • Shed
  • 1.28 Acre Lot

Listing and Financial Details

  • The owner pays for insurance, oil, taxes
  • Legal Lot and Block 35 / 3

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Electric Expense $670
  • Fuel Expense $3,300
  • Insurance Expense $1,200
  • New Taxes Expense $11,407
  • Net Operating Income $56,741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,125

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1945
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 1.28
  • Co List Office Phone: 845-255-0615
  • MLS Status: Closed
  • Location Tax and Legal:Tax Block: 3
  • General Property Information Lot Size Acres: 1.28
  • General Property Information Lot Size Dimensions: 1.28 Acres
  • Electric:Circuit Breakers: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 11407.0
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 75348.0
  • Income And Expenses Fuel Expense: 3300.0
  • Other Structures:Shed(s): Yes
  • Appliances Refrigerators: Yes
  • Water Source:Well: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Full
  • Fireplace: Yes
  • Flooring: Hardwood
  • Full Basement: Yes
  • Appliances Range: Yes
  • Fireplace Features:Stone3: Yes

Exterior Features

  • Construction Type: Frame
  • Other Structures: Shed(s)
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Attached Garage: No
  • Parking Features: Other
  • General Property Information:Garage YN: No
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Other20: Yes

Utilities

  • Sewer: Septic Tank
  • Electric: Circuit Breakers
  • Heating: Electric, Oil
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Oil: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 600.0

Lot Info

  • Lot Dimensions: 1.28 Acres
  • Lot Size Sq Ft: 55756.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Oil, Taxes
  • Tenant Pays: Other

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 670.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 56741.0

Tax Info

  • New Taxes Expense: 11407.0
  • Tax Block: 3
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2014
Closed on
Aug 29, 2014
Sold by
Friedman Tammy
Bought by
Graham Karen
Seller's Agent
Cathy Pulichene
Past Member
Buyer's Agent
Carol Spirig
Halter Associates Realty
List Price
$529,000
Sold Price
$534,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$740,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,641
Avg. Annual Appreciation
2.99%

Purchase Details

Closed on
Mar 24, 2006
Sold by
Pro 2 Properties Llc
Bought by
Friedman Tammy

Purchase Details

Closed on
Jun 6, 1997
Source: Public Records

Range of Values:

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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
Graham Karen $534,000 --
Friedman Tammy $340,000 None Available
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $534,000 +0.9% --
08/27/2014 08/27/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $529,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

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
2024 $14,125 $359,100 $109,400 $249,700
2023 $14,015 $359,100 $109,400 $249,700
2022 $13,401 $359,100 $109,400 $249,700
2021 $13,401 $359,100 $109,400 $249,700
2020 $13,508 $359,100 $109,400 $249,700
2019 $12,063 $359,100 $109,400 $249,700
2018 $12,805 $359,100 $109,400 $249,700
2017 $12,387 $359,100 $109,400 $249,700
2016 $12,260 $359,100 $109,400 $249,700
2015 -- $359,100 $109,400 $249,700
2014 -- $359,100 $109,400 $249,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20140782

Hudson Valley Catskills Region Multiple List Service

APN: 3889-078.020-0003-035.000-0000