NOT LISTED FOR SALE

11 Riozzi Ct Saugerties, NY 12477

Estimated Value: $344,000 - $470,000

5 Beds
3 Baths
1,668 Sq Ft
$262/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $389,000 $233 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,266/month

1 Day on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Ceramic Tile Flooring
  • No HOA
  • Cooling Available
  • Sliding Doors

About This Home

As of May 2022

Money Maker! Exciting opportunity to own this solid three family investment with beautiful apartments is here! Whether you are a first time or seasoned investor, this property works. Two 2 bedroom, one bath units are located on the upper floors each with spacious bedrooms, ceramic baths, and open kitchen and living room areas with large deck for outdoor entertaining. The third unit, a one bedroom, one bath, is located on the lower level, also with an open floor plan. Each tenant properly maintains their space and all units are in very good condition. Enjoy the additional income from the two car garage rental and convenient coin operated laundry area. Tenants pay rent only, all units are heated with natural gas furnaces and the building has municipal water and sewer. There is ample parking for all tenants. Property is always 100% occupied for immediate cash flow. Four family property next door is also for sale--See MLS #20220615. Make it a package deal and put your money to work for you! Riozzi Court is a private road and maintenance fee of approx $200/year is included in the Supplies line item.

Last Agent to Sell the Property

Catherine Lenz

Howard Hanna Rand Realty License #40le0885604 Listed on: 03/21/2022

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,355

Year Built

  • Built in 1989

Lot Details

  • 0.58 Acre Lot
  • Property fronts an easement
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for all utilities
  • Legal Lot and Block 14.112 / 2

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Fuel Expense $5,274
  • Insurance Expense $2,000
  • Supplies Expense $3,005
  • New Taxes Expense $6,355
  • Net Operating Income $34,959

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,355

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1989
  • Property Sub-Type: Triplex
  • Lot Size Acres: 0.58
  • Road Frontage Type: Easement
  • Supplies Expense: 3005.0
  • Co List Office Phone: 845-338-5252
  • MLS Status: Closed
  • Master Plan Zoning: 230
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.58
  • General Property Information Lot Size Dimensions: .58
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Sewer:Public Sewer: Yes
  • Cooling Ceiling Fan(s): Yes
  • Income And Expenses New Taxes Expense: 6355.0
  • Income And Expenses Cap Rate: 9.0
  • Gross Scheduled Income: 53580.0
  • Income And Expenses Fuel Expense: 5274.0
  • Owner Pays:All Utilities: Yes
  • Location Tax and Legal:Tax Annual Amount: 6355.0
  • General Property Information Stories2: 2
  • General Property Information Fireplace YN: No
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Road Frontage Type:Easement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Interior Amenities: Eat-in Kitchen
  • Basement: None
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Stories: 2
  • Appliances:Gas Water Heater: Yes
  • Basement:None4: Yes
  • Appliances Range: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Vinyl Siding
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Door Features:Sliding Doors: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: No
  • Parking Features: Other
  • General Property Information:Garage YN: No
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Other20: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1200.0

Schools

  • Junior High Dist: Saugerties Central Schools

Lot Info

  • Lot Features: Level
  • Lot Dimensions: .58
  • Lot Size Sq Ft: 25264.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 2000.0
  • Net Operating Income: 34959.0
  • Income And Expenses Other Income: 1800.0

Tax Info

  • New Taxes Expense: 6355.0
  • Tax Annual Amount: 6355.0
  • Tax Block: 2
  • Tax Lot: 14.112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
May 24, 2022
Sold by
Patricia E Schaffer T
Bought by
Odborn Katherine
Seller's Agent
Catherine Lenz
Howard Hanna Rand Realty
Buyer's Agent
NON MLS OFFICE
Anderson Agency
List Price
$389,000
Sold Price
$389,000
Current Estimated Value
$488,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,212
Avg. Annual Appreciation
8.30%
Original Mortgage
$311,200
Outstanding Balance
$297,827
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$205,468

Purchase Details

Closed on
Sep 15, 2020
Sold by
Schaffer Patricia E
Bought by
Patricia E Schaffer T

Purchase Details

Closed on
Jun 13, 2003
Sold by
Riozzi Albert J
Bought by
Schaffer William
Source: Public Records

Range of Values:

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Average Value
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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
Odborn Katherine $389,000 None Available
Patricia E Schaffer T -- None Available
Schaffer William $213,000 Daniel N. Lamb, Jr.
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odborn Katherine $311,200
Previous Owner Schaffer William $204,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $389,000 0.0% $233 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $389,000 -- $233 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $7,270 $345,000 $69,000 $276,000
2023 $6,720 $302,500 $69,000 $233,500
2022 $6,529 $258,500 $69,000 $189,500
2021 $6,529 $218,500 $62,500 $156,000
2020 $6,391 $196,500 $56,000 $140,500
2019 $6,111 $196,500 $56,000 $140,500
2018 $6,196 $190,500 $56,000 $134,500
2017 $6,190 $187,000 $56,000 $131,000
2016 $6,152 $187,000 $56,000 $131,000
2015 -- $187,000 $59,000 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20220613

Hudson Valley Catskills Region Multiple List Service

APN: 4889-029.009-0002-014.112-0000