NOT LISTED FOR SALE

1025 State St Watertown, NY 13601

Estimated Value: $152,000 - $358,563

8 Beds
4 Baths
3,482 Sq Ft
$75/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $303,850 $87 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $1,529/month

37 Days on Market

Highlights

  • Finished Attic
  • High Speed Internet
  • Wall to Wall Carpet
  • Forced Air Cooling System

About This Home

As of October 2023

Step into a world of timeless charm and profitability with these two adjacent 4-unit properties! Each unit has been thoughtfully renovated, preserving their vintage appeal while offering modern comforts. Tall ceilings, stunning hardwood floors and large windows flood the spaces with natural light, creating a warm and inviting atmosphere. Individually, each property stands as a remarkable investment opportunity, generating impressive monthly income. Combined, their synergy enhances their appeal, offering a duo that complements each other perfectly. Together, they generate over $7,000 per month not including the coin operated laundry. Whether you're looking to expand your investment portfolio or seeking a fantastic opportunity for rental income, these properties fit the bill. With proximity to Fort Drum and Samaritan Hospital, this area offers tremendous appeal for both tenants and investors alike. Embrace the allure of vintage aesthetics with a touch of modern luxury, while enjoying a strong and consistent rental income. The individual price is set at $299,900 or you can purchase the pair at $599,800.

Last Agent to Sell the Property

Joseph Murtha

Listing by North Star Real Estate & Property Management License #10401340808 Listed on: 07/25/2023

Last Buyer's Agent

Jonathan Gardner

Listing by North Star Real Estate & Prop Mgmt LLC-Carthage License #10401365913

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,706

Year Built

  • Built in 1890

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 125 x 50

Interior Spaces

  • 3,482 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Attic

  • Finished Attic
  • Unfinished Attic

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes electric, grounds maintenance, heat, hot water, lawn maintenance, snow removal, water
  • Tax Lot 205
  • Assessor Parcel Number 221800-006-000-0015-205-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Operating Expense $9,124
  • Gross Income $43,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,706

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Annual Operating Expenses: 9124
  • NY Swis Code: Watertown-City-221800
  • Total Assessed Value: 97600
  • Gross Annual Income: 43032
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street, Primary Road
  • Lot Number: 205
  • Nearest Cross Street: N Hamilton St
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2117421.60
  • Ratio Close Price By Sq Ft: 87.26
  • Ratio List Price By Acres: 2089895.47
  • Ratio List Price By Sq Ft: 86.13
  • Regional Board Code: Syracuse
  • Rent Includes: Electric, Grounds Maintenance, Heat, Hot Water, Lawn Maintenance, Snow Removal, Water
  • School Tax: 1087
  • Sub Board Code: Jefferson-Lewis Board
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6250
  • Age of Building: 133
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 3482
  • Directions To Property: From Public Square turn onto State St. Approx .7 mile, property on the left
  • Sq Ft Total Pub: 3482
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 4
  • Attic Description: Finished, Unfinished
  • Basement Description: Full
  • Floor Description: Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Total Sq Ft: 3482

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1435

Garage/Parking

  • Number of Electric Meters: 1
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 221800-006-000-0015-205-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 2706

MLS Schools

  • School District Name: Watertown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2023
Sold by
Genuine Homes Llc
Bought by
Nakami Salama
Current Estimated Value
$262,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,465
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2018
Sold by
Buck 3Rd Oliver O and Londino-Buck Patricia
Bought by
Genuine Homes Llc

Purchase Details

Closed on
Sep 29, 2015
Sold by
Buck-Londino Patricia
Bought by
Buck Oliver and Buck Buck-Londino
Source: Public Records

Range of Values:

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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
Nakami Salama $303,850 None Available
Genuine Homes Llc -- --
Buck Oliver -- H Charles Jr Livingston
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nakami Salama $273,465
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $303,850 +1.3% $87 / Sq Ft
07/25/2023 07/25/23 For Sale $299,900 -- $86 / Sq Ft
Source: Jefferson-Lewis Board of REALTORS®

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 $1,784 $97,600 $9,000 $88,600
2023 $720 $97,600 $9,000 $88,600
2022 $787 $97,600 $9,000 $88,600
2021 $787 $97,600 $9,000 $88,600
2020 $2,562 $97,600 $9,000 $88,600
2019 $743 $97,600 $9,000 $88,600
2018 $843 $97,600 $9,000 $88,600
2017 $2,562 $97,600 $9,000 $88,600
2016 $2,562 $97,600 $9,000 $88,600
2015 -- $97,600 $9,000 $88,600
2014 -- $97,600 $9,000 $88,600
Source: Public Records

Agents Affiliated with this Home

  • Joseph Murtha

    Seller's Agent in 2023

    Joseph Murtha

    North Star Real Estate & Property Management

    (315) 221-3671

    209 in this area

    438 Total Sales

    Joseph Murtha
    Section Image

  • J

    Buyer's Agent in 2023

    Jonathan Gardner

    North Star Real Estate & Prop Mgmt LLC-Carthage

    Section Image
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Map

Source: Jefferson-Lewis Board of REALTORS®

MLS Number: S1486157

Jefferson-Lewis Board of REALTORS®

APN: 221800-006-000-0015-205-000-0000

New York Jefferson County Watertown 13601

1025 State St, Watertown, NY

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.

Jefferson-Lewis Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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