NOT LISTED FOR SALE

10 Balding Ave Poughkeepsie, NY 12601

Estimated Value: $404,505

4 Beds
2 Baths
2,464 Sq Ft
$164/Sq Ft Est. Value

Last Sold April 11, 2023

Last sale price $340,000 $138 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,958/month

21 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Park
  • Main Floor Bedroom
  • Walk-In Closet
  • Entrance Foyer

About This Home

As of April 2023

PASSIVE INCOME PERFORMER! Whether you are buying your first investment property or looking for an easy one to add to your already growing portfolio, this property is going to be an easy choice because the numbers JUST WORK! This turnkey duplex was beautifully renovated in 2021 from the inside out. Each unit offers 2 nicely sized bedrooms, a spacious living room, tiled full bath, Quartz kitchen and in-unit laundry. The full walk up attic can be used for additional storage or even has some potential for future finishing. Stepping outside you will find off the street driveway parking, private fenced yard and a covered rocking chair front porch. This prime location near the Union Street Historic District is within walking distance to everything - convenience stores, restaurants, shopping, medical and religious facilities as well as parks/recreation, schools and public transportation. Minutes to Vassar Brothers Medical Center, Marist College, Walkway over the Hudson and the Mid-Hudson Bridge. Current gross income is $40,800 with tenants covering their own utilities. The rental market is always busy here and rents have grown to wholesome numbers. With a cap rate of 9% and no capital expenditures in your near future, you will be cash flowing right from the door on this one so don't miss out! Nothing to do but collect the rent!

Last Agent to Sell the Property

Melinda White

Keller Williams Realty Brokerage Phone: (845) 313-6380 License #10301219669 Listed on: 02/27/2023

Keller Williams Realty

Last Buyer's Agent

Michelle Ulutas

Coldwell Banker Realty License #40UL1153647

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,714

Year Built

  • Built in 1910 | Remodeled in 2021

Lot Details

  • 3,920 Sq Ft Lot
  • No Common Walls
  • Fenced

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Storage
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Schools

  • Morse Young Magnet Elementary School
  • Poughkeepsie Middle School
  • Poughkeepsie High School

Utilities

  • No Cooling
  • Baseboard Heating
  • High Speed Internet

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 131300-6162-69-100234-0000

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • 2 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,714

Year Built

Built in 1910 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1910
  • Year Built Effective: 2021
  • Attribution Contact: (845) 313-6380
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Interior Amenities: First Floor Bedroom, Entrance Foyer, High Speed Internet, Storage, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 4
  • Living Area: 2464
  • Owner Pays: Insurance
  • SquareFootage: 2464.00
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Fencing: Fenced
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Electric, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Electric Stand Alone

Association/Amenities

  • Community Features: Trash Collection, Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 600
  • Trash Expense: 950

Schools

  • Middle School: Poughkeepsie Middle School

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 131300-6162-69-100234-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • NumberOf2Bedrooms: 2

Tax Info

  • Tax Annual Amount: 1714
  • Tax Map Number: 131300-6162-69-100234-0000

MLS Schools

  • Elementary School: Morse Young Magnet School
  • High School: Poughkeepsie High School
  • Middle School District: Poughkeepsie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Apr 11, 2023
Sold by
Qja Enterprises Llc
Bought by
Afsar Nuray
Seller's Agent
Melinda White
Keller Williams Realty
Buyer's Agent
Michelle Ulutas
Coldwell Banker Realty
List Price
$339,900
Sold Price
$340,000
Premium/Discount to List
$100
0.03%
Views
156
Current Estimated Value
$404,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,505
Avg. Annual Appreciation
7.46%

Purchase Details

Listed on
Aug 14, 2020
Closed on
Jan 19, 2021
Sold by
Persaud Rovin
Bought by
Qja Enterprises Llc
Seller's Agent
Haakim Byrd
HomeSmart Homes & Estates
List Price
$140,000
Sold Price
$100,000
Premium/Discount to List
-$40,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.54%
Original Mortgage
$100,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 2, 2019
Closed on
Oct 21, 2019
Sold by
Deutsche Bank Natl T Co
Bought by
Persaud Rovin
Seller's Agent
Shernette Hall
VYLLA Home
Buyer's Agent
Non Non OneKey Agent
Non-Member MLS
List Price
$4,900
Sold Price
$10,000
Premium/Discount to List
$5,100
104.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
570.57%

Purchase Details

Closed on
Jan 19, 2019
Sold by
Oconnor Michael J and Deutsche Bk Natl T Co
Bought by
Deutsche Bk Natl T Co Tr

Purchase Details

Closed on
May 31, 2002
Sold by
Badolato Mark
Bought by
Labreche Lance C and Lombardi-La Breche
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Afsar Nuray $340,000 None Available
Qja Enterprises Llc $100,000 Fidelity National Title (Aka
Persaud Rovin $10,000 Fidelity National Title (Aka
Deutsche Bk Natl T Co Tr $70,000 --
Labreche Lance C $126,500 Stephen Tomann
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Qja Enterprises Llc $100,000
Previous Owner Qja Enterprises Llc $85,500
Previous Owner Labreche Lance C $73,000
Previous Owner Labreche Lance C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $340,000 0.0% $138 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/09/2023 03/09/23 Off Market $340,000 -- --
02/28/2023 02/28/23 For Sale $339,900 +239.9% $138 / Sq Ft
01/19/2021 01/19/21 Sold $100,000 -28.6% $41 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $140,000 0.0% $57 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $140,000 +1300.0% $57 / Sq Ft
11/04/2019 11/04/19 Sold $10,000 +104.1% $4 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $4,900 -- $2 / Sq Ft
Source: OneKey® MLS

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
2023 $8,689 $335,000 $22,000 $313,000
2022 $1,558 $63,000 $20,000 $43,000
2021 $1,486 $50,000 $20,000 $30,000
2020 $3,150 $50,000 $20,000 $30,000
2019 $4,437 $130,300 $27,000 $103,300
2018 $5,340 $122,900 $27,000 $95,900
2017 $5,209 $120,500 $27,000 $93,500
2016 $5,488 $131,000 $27,000 $104,000
2015 -- $135,000 $27,000 $108,000
2014 -- $142,100 $27,000 $115,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6234397

OneKey® MLS

APN: 131300-6162-69-100234-0000