NOT LISTED FOR SALE

118 Second St Connelly, NY 12417

2 Beds
1 Bath
1,645 Sq Ft
6,098 Sq Ft Lot

Last Sold September 16, 2019

Last sale price $162,500 $99 Per Sq Ft

319 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Heating System Uses Steam
  • Kingston High School Rated A-
  • Window Unit Cooling System
  • Level Lot

About This Home

As of September 2019

Do not miss this amazing opportunity to buy this 3 Family with serious income! At current numbers, the cap rate is 10 but that is with owner paying fuel and electric. If you take that out, at this price you get a cap rate of over 12%! This is a gorgeous property located in the up and coming hamlet of Connelly just across from the Rondout, around the corner from the Marinas and you could even create a second story balcony overlooking the waterfront. Driveway and off-street parking for at least 4 to 5 cars in the back makes this a slam dunk!

Last Agent to Sell the Property

Jane Simmons

Halter Associates Realty License #10301218270 Listed on: 08/17/2018

Last Buyer's Agent

Kathy Shumway

Win Morrison Realty-K License #10301223076

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,061

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50' x 125'
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 2-Story Property
  • Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

  • Graves K-4 Elementary School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, insurance, repairs, sewer, taxes, trash collection, water
  • Legal Lot and Block 31 / 3

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Electric Expense $2,200
  • Fuel Expense $2,200
  • Insurance Expense $654
  • New Taxes Expense $5,352
  • Net Operating Income $22,634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,061

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Property Sub-Type: Triplex
  • Lot Size Acres: 0.14
  • Road Surface Type: Asphalt
  • Co List Office Phone: 845-679-2010
  • MLS Status: Closed
  • Master Plan Zoning: R12
  • Location Tax and Legal:Tax Block: 3
  • General Property Information Lot Size Acres: 0.14
  • General Property Information Lot Size Dimensions: 50' x 125'
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 5352.0
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 33600.0
  • Income And Expenses Fuel Expense: 2200.0
  • Cooling:Window Unit(s): Yes
  • General Property Information Stories2: 2
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Laundry Features Washer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer, Refrigerator, Range, Microwave, Gas Water Heater, Dryer, Dishwasher
  • Basement: Finished
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Stories: 2
  • Appliances:Gas Water Heater: Yes
  • Basement Finished: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Type: Brick, Stone
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Off Street, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Steam
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: Level
  • Lot Dimensions: 50' x 125'
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water, Other
  • Tenant Pays: All Utilities, Electricity

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 2200.0
  • Insurance Expense: 654.03
  • Net Operating Income: 22634.0

Tax Info

  • New Taxes Expense: 5352.0
  • Tax Block: 3
  • Tax Lot: 31

MLS Schools

  • Elementary School: Graves K-4

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
09/16/2019 09/16/19 Sold $162,500 0.0% $99 / Sq Ft
07/02/2019 07/02/19 Off Market $162,500 -- --
07/02/2019 07/02/19 Pending -- -- --
09/24/2018 09/24/18 Price Changed $185,000 -14.0% $112 / Sq Ft
08/17/2018 08/17/18 For Sale $215,000 -- $131 / 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 $5,061 $120,600 $33,120 $87,480
2023 $5,019 $120,600 $33,120 $87,480
2022 $4,925 $120,600 $33,120 $87,480
2021 $4,925 $120,600 $33,120 $87,480
2020 $4,964 $120,600 $33,120 $87,480
2019 $4,301 $120,600 $33,120 $87,480
2018 $5,555 $120,600 $33,120 $87,480
2017 $5,343 $120,600 $33,120 $87,480
2016 $4,590 $120,600 $33,120 $87,480
2015 -- $120,600 $33,120 $87,480
2014 -- $120,600 $33,120 $87,480
Source: Public Records

Agents Affiliated with this Home

  • Jane Simmons

    Seller's Agent in 2019

    Jane Simmons

    Halter Associates Realty

    (845) 389-5030

    49 Total Sales

    Section Image
  • Kathy Shumway

    Buyer's Agent in 2019

    Kathy Shumway

    Win Morrison Realty-K

    (845) 901-6555

    2 in this area

    57 Total Sales

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20183529

Hudson Valley Catskills Region Multiple List Service

APN: 512200 56.50-3-31

New York Ulster County Connelly 12417

118 Second St, Connelly, NY

This home is located at 118 Second St, Connelly, NY 12417 since 17 August 2018. This property was built in 1900. 118 Second St is a home located in Ulster County with nearby schools including Kingston High School, Kingston Catholic School, and Good Shepherd School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hudson Valley Catskills Region Multiple List Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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