NOT LISTED FOR SALE

113 Chambers St Newburgh, NY 12550

Estimated Value: $531,122

9 Beds
3 Baths
5,588 Sq Ft
$95/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $460,000 $82 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,775/month

88 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Park
  • Cathedral Ceiling
  • Porch
  • 1-minute walk to Audrey Carey Park

About This Home

As of February 2023

HUGE INVESTMENT OPPORTUNITY awaits you! This once high-end luxury historic building was known to be a Speakeasy. During the Prohibition era, speakeasies were the secret bars where people could get their hands on some booze... You can find these types of bars behind bookshelves, guarded by secret passwords, and decorated like they're from the 1920s. Evidence still remains by the dumbwaiter in the basement, secret view slat through basement door, ornate woodwork through out and the layout of the rooms. The property type is legally an Inn/Lodge/Boarding House on a double lot, however, it is being used as a permanent residential building- located across from Audrey Carey Park. The first floor is a legal apt 2BD/1BA. The second floor are legal 4 SRO's (single room occupancy) with full BA, storage room and access to rear balcony. The third floor is a legal apt 3BD/1BA. The partially finished basement has a plumbing for half bath and kitchen plumbing hook up, electricity, heat with T-Stat control. New owner can apply for a variance and rent the basement for additional income. Sold As-Is, C/O available, No violation/No open permits

Last Agent to Sell the Property

Lisa Kelly

Exit Realty Connections License #10401299552 Listed on: 07/22/2022

Exit Realty Connections

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,019

Year Built

  • Built in 1900 | Remodeled in 1980

Lot Details

  • 5,149 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,588 Sq Ft Home
  • Cathedral Ceiling

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • South Middle School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 331100-018-000-0009-008.000-0000

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,019

Year Built

Built in 1900 | Remodeled in 1980

Lot Details

5,149 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1900
  • Year Built Effective: 1980
  • Attribution Contact: 845-298-6034
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1980

Interior Features

  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full, Partially Finished, Walk-Out Access
  • Total Bedrooms: 9
  • Living Area: 5588.00
  • Square Footage: 5588.00

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Exterior Features: Balcony
  • Patio and Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Garbage Removal: Public
  • Heating: Natural Gas, Hot Water
  • Hot Water: See Remarks
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 716.00

Schools

  • Middle School: South Middle School

Lot Info

  • Lot Size Acres: 0.1200
  • Lot Size Sq Ft: 5149.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 331100-018-000-0009-008.000-0000
  • Property Attached: No

Rental Info

  • Tenant Pays: None

Tax Info

  • Close Date: 2023-02-10
  • Tax Annual Amount: 13019.00
  • Tax Map Number: 331100-018-000-0009-008.000-0000

Multi Family

  • Fuel Expense: 6555.00
  • Units Total: 3
  • Separate Electric Meters: 1
  • Separate Gas Meters: 1

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Feb 9, 2023
Sold by
Sylvester Maria
Bought by
Hayes Ct Group Llc
Seller's Agent
Lisa Kelly
Exit Realty Connections
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$549,000
Sold Price
$460,000
Premium/Discount to List
-$89,000
-16.21%
Views
45
Current Estimated Value
$531,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,122
Avg. Annual Appreciation
4.83%
Original Mortgage
$350,250
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hayes Ct Group Llc $467,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayes Ct Group Llc $350,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2023 02/10/23 Sold $460,000 -16.2% $82 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $549,000 -- $98 / Sq Ft
Source: OneKey® MLS

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 $12,560 $380,000 $90,500 $289,500
2023 $12,560 $380,000 $90,500 $289,500
2022 $11,926 $279,100 $27,900 $251,200
2021 $13,019 $279,100 $27,900 $251,200
2020 $8,098 $188,700 $27,900 $160,800
2019 $3,864 $164,400 $27,900 $136,500
2018 $3,864 $164,400 $34,500 $129,900
2017 $8,338 $164,400 $34,500 $129,900
2016 $8,127 $157,100 $34,500 $122,600
2015 -- $157,100 $34,500 $122,600
2014 -- $157,100 $34,500 $122,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6200661

OneKey® MLS

APN: 331100-018-000-0009-008.000-0000

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