NOT LISTED FOR SALE

Estimated Value: $575,386 - $696,000

4 Beds
1.5 Baths
1,200 Sq Ft
$522/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $575,000 $479 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,203/month

104 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Main Floor Bedroom
  • Nyack Senior High School Rated A
  • Property is near public transit
  • 5-minute walk to Franklin Street Park

About This Home

As of May 2024

Welcome to this charming two-family home in the heart of Nyack, NY. This property offers a great opportunity for investors or owner-occupants who want to enjoy the benefits of living in one unit and renting out the other. Both units have private decks as well shared access to laundry room in the basement, Upper unit generates approximately $3200 monthly as short term rental. First floor brings in $2350. The property is conveniently located within walking distance to downtown Nyack, where you can enjoy the shops, restaurants, cafes and nightlife. You can also take advantage of the nearby parks, trails, and riverfront activities. Close to public transportation and easy access to all major highways.

Last Agent to Sell the Property

Karen McCabe

Weichert Realtors Brokerage Phone: (845) 624-1700 License #30MC0820578 Listed on: 09/01/2023

Weichert Realtors

Last Buyer's Agent

Catherine Hotaling

Ellis Sotheby's Intl Realty License #10401293456

Ellis Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,468

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • Walk-Out Basement

Bedrooms and Bathrooms

  • Main Floor Bedroom

Schools

  • Liberty Elementary School
  • Nyack Middle School
  • Nyack Senior High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 392403-066-037-0002-030-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,468

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1900
  • Attribution Contact: (845) 624-1700
  • Village: Nyack
  • Hamlet: Nyack
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Walk-Out Access
  • Living Area: 1200
  • SquareFootage: 1200.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame
  • Patio and Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Detached, 1 Car Detached

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Nyack Middle School

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3485
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 392403-066-037-0002-030-000-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 10468
  • Tax Map Number: 392403-066-037-0002-030-000-0000
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Liberty Elementary School
  • High School: Nyack Senior High School
  • Middle School District: Nyack

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
May 17, 2024
Sold by
Caoili Eric L
Bought by
Cheng Xiping
Seller's Agent
Karen McCabe
Weichert Realtors
Buyer's Agent
Catherine Hotaling
Ellis Sotheby's Intl Realty
List Price
$525,000
Sold Price
$575,000
Premium/Discount to List
$50,000
9.52%
Views
197
Current Estimated Value
$626,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,597
Avg. Annual Appreciation
5.41%
Original Mortgage
$374,000
Outstanding Balance
$368,066
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$258,531

Purchase Details

Closed on
Mar 5, 2001
Sold by
Owens Leroy M and Owens Vivian A
Bought by
Caoili Eric L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 1995
Sold by
Svo Enterprises Inc
Bought by
Owens Leroy M and Owens Vivian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
7.13%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cheng Xiping $575,000 Old Republic National Title
Cheng Xiping $575,000 Old Republic National Title
Cheng Xiping $575,000 Old Republic National Title
Caoili Eric L $130,000 Fidelity National Title Ins
Caoili Eric L $130,000 Fidelity National Title Ins
Caoili Eric L $130,000 Fidelity National Title Ins
Owens Leroy M -- --
Owens Leroy M -- --
Owens Leroy M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Xiping $374,000
Closed Cheng Xiping $374,000
Previous Owner Caoili Eric L $123,500
Previous Owner Owens Leroy M $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $575,000 0.0% $479 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
10/26/2023 10/26/23 Off Market $575,000 -- --
09/12/2023 09/12/23 For Sale $525,000 -8.7% $438 / Sq Ft
09/04/2023 09/04/23 Off Market $575,000 -- --
09/01/2023 09/01/23 For Sale $525,000 -- $438 / 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
2024 $11,034 $112,900 $15,100 $97,800
2023 $11,034 $112,900 $15,100 $97,800
2022 $9,064 $112,900 $15,100 $97,800
2021 $9,041 $112,900 $15,100 $97,800
2020 $8,879 $112,900 $15,100 $97,800
2019 $2,885 $112,900 $15,100 $97,800
2018 $8,426 $112,900 $15,100 $97,800
2017 $8,285 $112,900 $15,100 $97,800
2016 $7,984 $112,900 $15,100 $97,800
2015 -- $112,900 $15,100 $97,800
2014 -- $112,900 $15,100 $97,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6265167

OneKey® MLS

APN: 392403-066-037-0002-030-000-0000