NOT LISTED FOR SALE

118 Second St Connelly, NY 12417

Port Ewen Area

Estimated Value: $310,479 - $357,000

4 Beds
3 Baths
1,645 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2019

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

Est. 106% increase in value since last sale

Current estimated payment $2,273 / mo

319 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Level Lot
  • No HOA

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

Past Member License #10301218270 Listed on: 08/17/2018

Last Buyer's Agent

Kathy Shumway

House of Kathy License #10491213900

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

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
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

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

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

Year Built

Built in 1900

Lot Details

6,098 Sq Ft Lot

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
  • Income And Expenses Fuel Expense: 2200.0
  • Plumbing: Mixed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Brick, Stone

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Off Street, Paved

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

Condo/Co-op/Association

  • Association: No

Lot Info

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

Rental Info

  • Owner Pays: Gas, Insurance, Other, Repairs, Sewer, Taxes, Trash Collection, Water
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2018
Closed on
Sep 16, 2019
Sold by
Bought by
Seller's Agent
Jane Simmons
Past Member
Buyer's Agent
Kathy Shumway
House of Kathy
List Price
$215,000
Sold Price
$162,500
Premium/Discount to List
-$52,500
-24.42%
Current Estimated Value
$335,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,620
Avg. Annual Appreciation
10.98%
Original Mortgage
$166,724
Interest Rate
3.6%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Connelly, NY

  • Leighton Ashley Real Estate Agent - Coldwell Banker Timberland

    Leighton Ashley

    Responds Quickly

    Coldwell Banker Timberland

    (917) 451-6306

    37 Total Sales

    2 in Port Ewen

    $389,000 Price Range

    Leighton Ashley
     Section Image
  • J. Philip Faranda Real Estate Agent - Howard Hanna Rand Realty

    J. Philip Faranda

    Howard Hanna Rand Realty

    (914) 444-1853

    66 Total Sales

    1 in Port Ewen

    $333,000 Price

    J. Philip Faranda
     Section Image
  • Dana Posner Real Estate Agent - Howard Hanna Rand Realty

    Dana Posner

    Howard Hanna Rand Realty

    (845) 375-3853

    41 Total Sales

    1 in Port Ewen

    $320,000 Price

    Dana Posner
     Section Image
  • Michael J. Carr Real Estate Agent - eXp Realty

    Michael J. Carr

    Responds Quickly

    eXp Realty

    (845) 439-2056

    85 Total Sales

    3 in Port Ewen

    $325K - $338K Price Range

    Michael J. Carr
     Section Image
  • Jason Dugo Real Estate Agent - Dugo Realty

    Jason Dugo

    Dugo Realty

    (518) 625-8698

    98 Total Sales

    2 in Port Ewen

    $90,000 Price Range

    Jason Dugo
     Section Image
  • Thomasine Helsmoortel Real Estate Agent - Helsmoortel Realty Inc.

    Thomasine Helsmoortel

    Helsmoortel Realty Inc.

    (845) 328-4406

    50 Total Sales

    3 in Port Ewen

    $351K - $445K Price Range

    Thomasine Helsmoortel
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$169,800 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $225,000
Closed $228,000
Closed $24,855
Closed $166,724
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,217 $120,600 $33,120 $87,480
2024 $5,055 $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

  • JS

    Seller's Agent in 2019

    Jane Simmons

    Past Member

    Section Image
  • Kathy Shumway Real Estate Agent - House of Kathy

    Buyer's Agent in 2019

    Kathy Shumway

    House of Kathy

    (845) 901-6555

    59 Total Sales

    Kathy Shumway
    Section Image

  • KS

    Buyer's Agent in 2019

    Kathy Ann Shumway

    Win Morrison Realty-K

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20183529

Hudson Valley Catskills Region Multiple List Service

APN: 2200-056.050-0003-031.000-0000

New York Ulster County Connelly 12417

118 Second St, Connelly, NY

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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