NOT LISTED FOR SALE

108 Chapin St Unit DUO Binghamton, NY 13905

West Side Neighborhood

Estimated Value: $167,000 - $219,000

10 Beds
4 Baths
3,647 Sq Ft
$53/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $335,000 $92 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $1,488/month

123 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Landscaped
  • Covered Patio or Porch
  • Storm Windows
  • Hot Water Heating System

About This Home

As of November 2023

TWO student rentals included in this sale: 108 Chapin St, Binghamton and 5 Gary St, Binghamton! A total of 10 bedrooms, fully- rented through 5/2024. Both historic homes with hardwood floors, original moldings. All bedrooms oversized, easy to rent! Both have solid rental history.

Last Agent to Sell the Property

Steph Jacobson

Yaman Commercial Industrial License #10401301213 Listed on: 06/15/2023

Last Buyer's Agent

Steph Jacobson

Yaman Commercial Industrial License #10401301213 Listed on: 06/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,268

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 50 x 137
  • Landscaped
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,647 Sq Ft Home
  • Insulated Windows
  • Storm Windows
  • Basement

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 030200-160-047-0002-039-000-0000

Community Details

Overview

  • 2 Units
  • St John Farm Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,865
  • Maintenance Expense $4,122
  • Water Sewer Expense $2,000
  • Gross Income $68,700
  • Net Operating Income $43,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,268

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 50 x 137
  • Professional Management Expense: 6870.0
  • Inclusions: CARBON MONOXIDE DETECTOR,FURNISHINGS/CALL LO,LIGHTING FIXTURE,SMOKE DETECTORS
  • Ownership: OWNER
  • Subdivision Name: St John Farm
  • Directions: Chapin and Gary
  • Above Grade Finished Sq Ft: 3647.0
  • Garage Yn: Yes
  • Structure Type: Apartment
  • Year Built: 1905
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Interior Amenities: Other, See Remarks
  • Living Area: 3647.0
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Exterior Features: Landscaping, Porch, Storm Windows/Doors
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Three Car Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Radiator(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2000.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-047-0002-039-000-0000
  • Zoning Description: R2 ; R3
  • Zoning: R2 ; R3

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 2000.0
  • Annual Gross Income: 68700.0
  • Insurance Expense: 1865.0
  • Maintenance Expense: 4122.0
  • Property Net Operating Income: 43575.0
  • Annual Operating Expense: 25125.0
  • Total Actual Rent: 68700.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 6268.0
  • Tax Book Number: 160.47-2-39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Nov 24, 2023
Sold by
Zaman Rakin and Patel Kishan
Bought by
Hamza Syed and Danish Anwar Syed
Seller's Agent
Steph Jacobson
Yaman Commercial Industrial
Buyer's Agent
Steph Jacobson
Yaman Commercial Industrial
List Price
$385,000
Sold Price
$335,000
Premium/Discount to List
-$50,000
-12.99%
Views
149
Current Estimated Value
$194,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,884
Avg. Annual Appreciation
-26.92%
Original Mortgage
$125,625
Outstanding Balance
$123,694
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$70,422

Purchase Details

Closed on
Jul 22, 2021
Sold by
Zaman Rakin and Patel Kishan
Bought by
Daniels Randy S

Purchase Details

Closed on
Mar 14, 2017
Sold by
Amrany Haim
Bought by
Zaman Rakin and Patel Kishan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2010
Sold by
Planck Ernest A and Planck Maria M
Bought by
Amrany Haim
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
Hamza Syed $335,000 None Listed On Document
Daniels Randy S $131,000 None Listed On Document
Zaman Rakin $75,000 None Available
Amrany Haim $67,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamza Syed $125,625
Previous Owner Zaman Rakin $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $335,000 -13.0% $92 / Sq Ft
06/15/2023 06/15/23 For Sale $385,000 -- $106 / Sq Ft
Source: Greater Binghamton Association 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 $5,254 $54,000 $19,200 $34,800
2023 $5,225 $54,000 $19,200 $34,800
2022 $5,102 $54,000 $19,200 $34,800
2021 $5,045 $54,000 $19,200 $34,800
2020 $3,336 $54,000 $19,200 $34,800
2019 $1,703 $54,000 $19,200 $34,800
2018 $3,253 $54,000 $19,200 $34,800
2017 $3,270 $54,000 $19,200 $34,800
2016 $3,283 $54,000 $19,200 $34,800
2015 $2,917 $54,000 $19,200 $34,800
2014 $2,917 $54,000 $19,200 $34,800
Source: Public Records

Agents Affiliated with this Home

  • Steph Jacobson

    Seller's Agent in 2023

    Steph Jacobson

    Yaman Commercial Industrial

    (607) 857-3864

    20 in this area

    80 Total Sales

    Steph Jacobson
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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 321693

APN: 030200-160-047-0002-039-000-0000

New York Broome County Binghamton 13905 West Side

108 Chapin St Unit DUO, Binghamton, NY

This home is located at 108 Chapin St Unit DUO, Binghamton, NY 13905 since 15 June 2023 and is currently estimated at $194,116, approximately $53 per square foot. This property was built in 1905. 108 Chapin St Unit DUO is a home located in Broome County with nearby schools including Binghamton High School, Horace Mann Elementary School, and West Middle School.

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