NOT LISTED FOR SALE

Estimated Value: $544,000 - $632,750

7 Beds
5 Baths
-- Sq Ft
1.2 Acres

Last Sold March 29, 2022

Last sale price $530,000

Est. 11% increase in value since last sale

Current estimated payment $4,194/month

82 Days on Market

Highlights

  • 1.2 Acre Lot
  • Deck
  • Patio
  • Sam Rotolo Middle School Rated A-
  • Screened Porch
  • Heating System Uses Steam

About This Home

As of March 2022

ONCE IN A LIFETIME INVESTMENT OPPORTUNIY NEAR DOWNTOWN BATAVIA! This grand, turn of the century estate was converted into 4 rentable units. The main house is a converted 3 flat, and the 4th unit is the coach house. The property is a sprawling 1.2 acres with mature trees and large grass space. Follow the long gravel drive past the main house, game house (equipped with old world charm, croquet, darts, air hockey...and a wood burning fireplace!), a small gravel parking lot separates the main house from the coach house. The gravel lot wraps around the entire coach house and can comfortably park 10 cars. The main house is beautiful and well maintained. Level 1: Enter a beautiful foyer with built in closets, this leads to a large dining room with open concept to the living room and front office. The ceiling height is dramatic, and there is a lovely amount of natural light. From the front office/library, there is a smaller bedroom with en suite (shower only). The front of the home faces Route 31 but is set back enough that the street noise doesn't invade the home. The kitchen is on the back side of the house, it has an eat in area and AMPLE cabinets. There is an attached 3 season porch (that has original built ins) off the kitchen. Down the hall is the main bedroom and bathroom. The bedroom is large and has a walk-in closet! From this closet you can get to the cellar, otherwise the entrance to the basement is from outside at the back of the house. This is the entrance the tenants use to access shared laundry and extra storage. The limestone basement also houses 2 sump pumps and 2 boilers. LEVEL 2: 2-bedroom,1 bathroom currently leased for $1200. Carpet throughout, large living and dining rooms, built ins, tons of storage, and a huge bathroom with nice tile. LEVEL 3: 1 bedroom, 1 bathroom (shower only) currently leased for $1000. Carpet throughout, vaulted ceilings, skylight, and storage in unit. The entrance to the second and third units is shared and located at the side of the house. There is a small paver patio here for tenants to use. COACH HOUSE: The main level is a 1 1/2 car garage space that the owner uses for lawn mower/plow storage. The rented unit is the entire 2nd and third floors of the coach house. 2-bedroom, 1 bathroom currently leased at $1250. Carpet throughout, storage space, laundry hookups, spiral staircase, and HUGE BEAUTIFUL DECK! Each unit is unique and charming. The property is peaceful, close to the river, trails, and downtown. Convenient location. THERE IS NOTHING OUT THERE LIKE THIS ONE! *property being sold as is*

Last Agent to Sell the Property

Julia Ziller

Keller Williams Innovate - Aurora License #475179955 Listed on: 12/02/2021

Keller Williams Innovate - Aurora

Last Buyer's Agent

Michael Scanlon

eXp Realty License #475188240

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,385

Year Built

  • Built in 1890

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 145 x 430

Home Design

  • Frame Construction

Interior Spaces

  • Screened Porch

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 5 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Cellar

Parking

  • 10 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Uses Steam
  • Well
  • Multiple Water Heaters
  • Water Softener Leased

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $2,730
  • Insurance Expense $3,838
  • Maintenance Expense $3,855
  • Manager Expense $3,450
  • Professional Management Expense $790
  • Trash Expense $780
  • Water Sewer Expense $1,760
  • Gross Income $41,400
  • Net Operating Income $9,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,385

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 790
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Other Equipment: Water-Softener Rented, Sump Pump, Backup Sump Pump;, Multiple Water Heaters
  • Basement Description: Unfinished,Cellar
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Skylights/Windows
  • AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Deck, Patio, Porch, Porch Screened
  • Foundation Details: Other
  • OtherStructures: Other
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • ParkingTotal: 10
  • Number of Cars: 10
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Steam
  • Water Source: Private Well

Condo/Co-op/Association

  • Manager Expense: 3450
  • Community Features: Other

Fee Information

  • Trash Expense: 780
  • Water Sewer Expenses: 1760
  • Other Expenses $: 480
  • Trash Expense Year: 2021

Lot Info

  • Lot Size Acres: 1.2
  • Lot Dimensions: 145 X 430
  • Zoning: LNC
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 9332
  • Fuel Expense: 2730
  • Insurance Expense: 3838
  • GrossIncome: 41400
  • Maintenance Expense: 3855
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat,4 Story Unit/s,Coach House,Converted Residence

Tax Info

  • Tax Annual Amount: 14385
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Mar 29, 2022
Sold by
Lotito John F and Lotito Sherry B
Bought by
Duwelius Parker Lloyd
Seller's Agent
Julia Ziller
Keller Williams Innovate - Aurora
Buyer's Agent
Michael Scanlon
eXp Realty
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$586,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,688
Avg. Annual Appreciation
2.88%
Original Mortgage
$503,500
Outstanding Balance
$473,590
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$113,098

Purchase Details

Closed on
Oct 31, 1995
Sold by
Lotito John F
Bought by
Lotito John F and Lotito Sherry B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.7%
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
Duwelius Parker Lloyd $530,000 Chicago Title
Lotito John F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duwelius Parker Lloyd $503,500
Previous Owner Lotito John F $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $530,000 0.0% --
02/23/2022 02/23/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $530,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $13,489 $178,602 $78,955 $99,647
2023 $14,085 $172,149 $71,660 $100,489
2022 $15,373 $187,061 $66,972 $120,089
2021 $14,752 $177,410 $63,517 $113,893
2020 $14,385 $174,000 $62,296 $111,704
2019 $14,145 $167,841 $60,091 $107,750
2018 $13,574 $161,448 $57,802 $103,646
2017 $13,240 $156,124 $55,896 $100,228
2016 $12,953 $151,577 $54,268 $97,309
2015 -- $139,480 $53,032 $86,448
2014 -- $135,090 $51,363 $83,727
2013 -- $132,454 $50,361 $82,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11279850

Midwest Real Estate Data (MRED)

APN: 12-27-153-016