$135,000
SOLD SEP 24, 2024

113 Lincoln Ave Groton, NY 13073

6 Beds
2 Baths
2,460 Sq Ft
0.37 Acres

Recently Sold

$55 Per Sq Ft

4% Below List Price

42 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Zoned Heating System
  • Baseboard Heating
  • Balcony
  • Ceiling Fan
  • High Speed Internet

About This Home

As of September 2024

Discover a unique investment opportunity in the charming village of Groton! This duplex features two spacious three-bedroom apartments, each with a stellar rental history and separate utilities, ensuring hassle-free management. Enjoy the outdoors with an inviting open back porch and a scenic balcony, perfect for relaxation or entertaining. Both units include a full basement, offering ample storage space, and a convenient washer and dryer hookups in each laundry room. The expansive backyard provides a private oasis for tenants, while the adjacent vacant lot included in the sale adds incredible potential for additional outdoor activities and parking. Don’t miss this chance to own a versatile and income-generating property in a desirable location. Invest in Groton's thriving rental market today! Note that this sale includes two tax parcels, the house and the vacant lot next door.

Last Agent to Sell the Property

Kristopher Buchan

Listing by Tompkins Cortland Real Estate Brokerage Phone: 607.898.3456 License #10371200368 Listed on: 06/24/2024

Last Buyer's Agent

Rio Lange

Listing by Keller Williams Realty License #10401301832

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,160

Year Built

  • Built in 1910

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 106x145
  • Rectangular Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Block Foundation
  • Stone Foundation
  • Wood Siding
  • Aluminum Siding
  • Steel Siding

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Groton Elementary School
  • Groton Middle School
  • Groton High School

Utilities

  • Forced Air Zoned Heating System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Balcony
  • Property is near public transit

Listing and Financial Details

  • Rent includes water
  • Tax Lot 17
  • Assessor Parcel Number 502801-007-000-0003-017-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,151
  • Gross Income $29,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,160

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks, Water
  • Year Built: 1910
  • Attribution Contact: 607.898.3456
  • Lot Features: Near Public Transit, Rectangular, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From Main Street in Groton, East on Lincoln Ave, House on the Left.
  • Architectural Style: Duplex
  • Flooring: Carpet, Varies, Vinyl
  • Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.37
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Block, Stone
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Gravel, Two or More Spaces

Utilities

  • Cooling: Zoned
  • Heating: Oil, Zoned, Baseboard, Electric, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Groton
  • Ninth Grade High School: Groton High
  • Middle Or Junior School: Groton Middle

Lot Info

  • Parcel Number: 502801-007-000-0003-017-000-0000
  • Lot Dimensions: 106X145
  • Lot Size Sq Ft: 16240.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 29100.0
  • Annual Operating Expense: 8151.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 5160.0
  • Tax Lot: 17

MLS Schools

  • Elementary School: Groton Elementary

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $135,000 -3.5% $55 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $139,900 -- $57 / Sq Ft
Source: Cortland County Board 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 $4,473 $138,000 $8,800 $129,200
2023 $4,473 $125,000 $8,800 $116,200
2022 $4,281 $110,000 $8,800 $101,200
2021 $4,352 $110,000 $8,800 $101,200
2020 $2,159 $110,000 $8,800 $101,200
2019 $4,493 $110,000 $8,800 $101,200
2018 $4,493 $110,000 $8,800 $101,200
2017 $4,493 $110,000 $8,800 $101,200
2016 $4,483 $110,000 $8,800 $101,200
2015 -- $110,000 $8,800 $101,200
2014 -- $110,000 $8,800 $101,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1547607

Cortland County Board of REALTORS®

APN: 502801-007-000-0003-017-000-0000