NOT LISTED FOR SALE

1040 W Colvin St Syracuse, NY 13207

Elmwood Neighborhood

Estimated Value: $82,000 - $137,000

4 Beds
2 Baths
2,520 Sq Ft
$44/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2021

Last sale price $80,000 $32 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $674 / mo

20 Days on Market

Highlights

  • Deck
  • Balcony
  • 2 Car Garage
  • Wood Flooring
  • Forced Air Heating System
  • Rectangular Lot

About This Home

As of November 2021

2-unit investment property. Interior and exterior of the building was totally renovated 3 years ago. Brand new Roof and sub-roof, New Furnaces and Hot Water tanks, entirely new electrical throughout house, mostly new plumbing, all new fixtures throughout, hardwood floors refinished, new kitchens, bathrooms etc. The property brings in a yearly rental income of $19,080. Net Operating income of $13,501. Cap rate of 14.21%

Last Agent to Sell the Property

Veronica Maloney

Listing by WEICHERT, REALTORS-TBG License #10401322656 Listed on: 08/25/2021

WEICHERT, REALTORS-TBG

Last Buyer's Agent

Glenn Riemenschneider

Listing by eXp Realty License #10301212911

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 39x132
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes gardener, snow removal, water
  • Tax Lot 32
  • Assessor Parcel Number 311500-083-000-0011-032-000-0000

Community Details

Overview

  • 2 Units
  • Bissell & Hunt Subdivision

Building Details

  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,180

Year Built

Built in 1925

Lot Details

5,227 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Snow Removal, Water
  • Year Built: 1925
  • Lot Features: Other, Rectangular, Rectangular Lot, See Remarks
  • Subdivision Name: Bissell & Hunt
  • Directions: From I-690 E. Take exit onto I-81 S. toward Binghamton. Take exit 17 for S. State St. Turn left on S. State St. and then right onto E. Brighton. Right onto Hunt Ave, left onto Elmhurst, and right onto Randall. House straight ahead.
  • Flooring: Hardwood, Tile, Varies
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.12
  • Waterfront Features: Other, See Remarks
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Balcony, Deck
  • Foundation Details: Block
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Paved, Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Available, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-083-000-0011-032-000-0000
  • Lot Dimensions: 39X132
  • Lot Size Sq Ft: 5227.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential 2 Unit

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2180.0
  • Tax Lot: 32

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 25, 2021
Sold by
Bought by
Seller's Agent
Veronica Maloney
WEICHERT, REALTORS-TBG
Buyer's Agent
Glenn Riemenschneider
eXp Realty
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Current Estimated Value
$111,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,124
Avg. Annual Appreciation
7.34%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$80,000 None Available
$80,000 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/01/2021 11/01/21 Sold $80,000 -15.8% $32 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $95,000 -- $38 / Sq Ft
Source: Central New York Information Services

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $921 $35,000 $3,700 $31,300
2024 $1,060 $35,000 $3,700 $31,300
2023 $1,064 $35,000 $3,700 $31,300
2022 $1,093 $35,000 $3,700 $31,300
2021 $1,093 $35,000 $3,700 $31,300
2020 $1,170 $40,000 $3,700 $36,300
2019 $2,232 $40,000 $3,700 $36,300
2018 $1,161 $40,000 $3,700 $36,300
2017 $1,109 $40,000 $3,700 $36,300
2016 $1,121 $40,000 $3,700 $36,300
2015 -- $40,000 $3,700 $36,300
2014 -- $40,000 $3,700 $36,300
Source: Public Records

Agents Affiliated with this Home

  • Veronica Maloney

    Seller's Agent in 2021

    Veronica Maloney

    WEICHERT, REALTORS-TBG

    (315) 750-2649

    4 in this area

    45 Total Sales

    Veronica Maloney
    Section Image
  • Glenn Riemenschneider

    Buyer's Agent in 2021

    Glenn Riemenschneider

    eXp Realty

    (315) 559-0696

    3 in this area

    106 Total Sales

    Glenn Riemenschneider
    Section Image
See All Agents

Map

Source: Central New York Information Services

MLS Number: S1361841

Central New York Information Services

APN: 311500-083-000-0011-032-000-0000

New York Onondaga County Syracuse 13207 Elmwood

1040 W Colvin St, Syracuse, 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.

Central New York Information Services The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.