T
Seller's Agent in 2023
Timothy Sagasti
Dudley Realty Inc
(607) 431-8181
9 in this area
11 Total Sales
114 Spruce St Unit 116 Oneonta, NY 13820
Estimated Value: $226,089 - $300,000
7
Beds
4
Baths
2,724
Sq Ft
$100/Sq Ft
Est. Value
Highlights
- Forced Air Cooling System
- Luxury Vinyl Tile Flooring
- Rectangular Lot
- Property is near a bus stop
- High Speed Internet
- 2-minute walk to Wilber Park
About This Home
As of September 20232 UNIT INVESTMENT PROPERTY. Student rental ready. Just renovated and fully furnished! Now showing for the 23-24 school year!
16.59% Cap Rate
POTENTIAL GROSS INCOME = $63,000
EXPENSES = $13,217
Land & School Taxes = $5,717
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
POTENTIAL NET OPERATING INCOME = $49,782
Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!
Last Agent to Sell the Property
Listing by Dudley Realty Inc License #10401260206 Listed on: 03/24/2023
Last Buyer's Agent
Listing by Dudley Realty Inc License #10401260206 Listed on: 03/24/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,716
Year Built
- Built in 1925
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 70 x 45
- Rectangular Lot
Parking
- No Driveway
Home Design
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2,724 Sq Ft Home
- 2-Story Property
- Luxury Vinyl Tile Flooring
- Basement Fills Entire Space Under The House
- Unfinished Attic
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Location
- Property is near a bus stop
Utilities
- Forced Air Cooling System
- Multiple Heating Units
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Rent includes all utilities, cable TV, cooking gas, electric, furnished, grounds maintenance, heat, hot water, refuse removal, snow removal, water
- Assessor Parcel Number 288.18-2-45
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Operating Expense $13,217
- Gross Income $63,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2023
Closed on
Sep 8, 2023
Sold by
Dudley Rlty Inv Llc
Bought by
Strack Joseph and Crossetta James P
Seller's Agent
Timothy Sagasti
Dudley Realty Inc
Buyer's Agent
Timothy Sagasti
Dudley Realty Inc
List Price
$299,000
Sold Price
$270,000
Premium/Discount to List
-$29,000
-9.7%
Views
117
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,522
Avg. Annual Appreciation
0.45%
Original Mortgage
$202,500
Outstanding Balance
$198,083
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$74,439
Purchase Details
Closed on
Dec 20, 2022
Sold by
Clark Seth
Bought by
Dudley Rlty Inv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 27, 2005
Sold by
Finazzo Michael
Bought by
Clark Seth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
6.15%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 30, 1998
Sold by
Harlowe Lawrence L and Harlowe Gail M
Bought by
Finazzo Michael
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Strack Joseph | $270,000 | None Available | |
| Dudley Rlty Inv Llc | $500,000 | None Available | |
| Clark Seth | $138,000 | Richard W Mcvinney | |
| Finazzo Michael | $65,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Strack Joseph | $202,500 | |
| Previous Owner | Dudley Rlty Inv Llc | $665,000 | |
| Previous Owner | Clark Seth | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2023 09/13/23 | Sold | $270,000 | -9.7% | $99 / Sq Ft |
| 05/18/2023 05/18/23 | Pending | -- | -- | -- |
| 03/24/2023 03/24/23 | For Sale | $299,000 | -- | $110 / Sq Ft |
Source: Otsego-Delaware Board of REALTORS®
Tax History Compared to Growth
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 | $5,968 | $165,000 | $8,400 | $156,600 |
| 2023 | $5,875 | $165,000 | $8,400 | $156,600 |
| 2022 | $5,651 | $165,000 | $8,400 | $156,600 |
| 2021 | $5,628 | $165,000 | $8,400 | $156,600 |
| 2020 | $7,023 | $165,000 | $8,400 | $156,600 |
| 2019 | $6,232 | $165,000 | $8,400 | $156,600 |
| 2018 | $6,232 | $165,000 | $8,400 | $156,600 |
| 2017 | $9,364 | $165,000 | $8,400 | $156,600 |
| 2016 | $9,247 | $165,000 | $8,400 | $156,600 |
| 2015 | -- | $72,000 | $3,500 | $68,500 |
| 2014 | -- | $72,000 | $3,500 | $68,500 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Sagasti
-
Jeffrey Dudley
J
Seller Co-Listing Agent in 2023
Jeffrey Dudley
Dudley Realty Inc
(607) 431-8181
10 in this area
11 Total Sales
Map
Source: Otsego-Delaware Board of REALTORS®
MLS Number: R1461273
APN: 361200-288-018-0002-045-000-0000
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