NOT LISTED FOR SALE

Estimated Value: $127,000 - $449,665

7 Beds
2 Baths
2,700 Sq Ft
$108/Sq Ft Est. Value

Last Sold November 06, 2019

Last sale price $240,000 $89 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,684/month

4 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Property is near a bus stop
  • Full Attic
  • Forced Air Cooling System

About This Home

As of November 2019

Student housing investment opportunity bordering the U of R campus. This side by side two family unit brings in $37,080 in gross annual income, and is a stones throw away from the U of R Riverview apartments. Fully rented until 5/31/2020, separate utilities, transferable C of O, off street parking, 5 year old roof, newer furnaces, refinished hardwood floors, and 300 additional square feet of legal living space in the finished attic. A quality two family home that's a short walk to campus with established student generated income is here. Don't wait, call today!

Last Agent to Sell the Property

Mary Jane Mahon

Listing by RE/MAX Plus License #30MA0735563 Listed on: 09/17/2019

RE/MAX Plus

Co-Listed By

Michael Dimino

Listing by RE/MAX Plus License #10401258742

Last Buyer's Agent

James Pappas, CCIM

Listing by Jim Pappas Commercial RE License #10311201540

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,898

Year Built

  • Built in 1920

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 120 x 45
  • Corner Lot

Interior Spaces

  • 2,700 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Vinyl

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes grounds maintenance, lawn maintenance, refuse removal, snow removal, water
  • Tax Lot 7
  • Assessor Parcel Number 261400-135-280-0002-007-000-0000

Community Details

Overview

  • 2 Units
  • J H Nellis Re Subn Community
  • J H Nellis Re Subn Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $37,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,898

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Rochester City-261400
  • Total Assessed Value: 150000
  • Gross Annual Income: 37080
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 45
  • Lot Information: Corner Lot, Near Bus Line
  • Lot Number: 7
  • Nearest Cross Street: Luther Cir
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1935483.87
  • Ratio Close Price By Sq Ft: 88.89
  • Ratio List Price By Acres: 1894354.84
  • Ratio List Price By Sq Ft: 87.00
  • Regional Board Code: Rochester
  • Rent Includes: Grounds Maintenance, Lawn Maintenance, Refuse Removal, Snow Removal, Water
  • School Tax: 3967
  • Sub Board Code: Rochester
  • Type of Residence: 2 Unit, Side by Side
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5400
  • Age of Building: 102
  • Year Built: 1920
  • Directions To Property: South on Exchange, right on Ford, Second exit on Roundabout to S Plymouth.
  • Subdivision Comm Complex: J H Nellis Re Subn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Attic Description: Full, Partially Finished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 2700

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1240

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Rochester

Lot Info

  • Parcel Number: 261400-135-280-0002-007-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5898

MLS Schools

  • School District Name: Rochester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Oct 22, 2019
Sold by
Arilex Holdings 401 K Trust
Bought by
Casadent 1 Llc
Seller's Agent
Mary Jane Mahon
RE/MAX Plus
Buyer's Agent
James Pappas, CCIM
Jim Pappas Commercial RE
List Price
$234,900
Sold Price
$240,000
Premium/Discount to List
$5,100
2.17%
Current Estimated Value
$291,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,166
Avg. Annual Appreciation
3.38%

Purchase Details

Closed on
Mar 2, 2017
Sold by
Castletown Development Llc
Bought by
Arilex Holdings 401K Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2008
Sold by
Lawler Timothy
Bought by
Castle Town Development L

Purchase Details

Closed on
Jun 13, 2008
Sold by
Deutsche Bank Natl Trust
Bought by
Lawler Timothy

Purchase Details

Closed on
Dec 4, 2007
Sold by
Cleveland Corey
Bought by
Deutsche Bank

Purchase Details

Closed on
Jun 20, 2006
Sold by
D & G Properties Inc
Bought by
Cleveland Corey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,516
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2001
Sold by
Obrien Barry
Bought by
D&G Properties Inc
Source: Public Records

Range of Values:

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Average Value
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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
Casadent 1 Llc $240,000 None Available
Arilex Holdings 401K Trust $205,000 None Available
Castle Town Development L -- --
Lawler Timothy $36,500 --
Deutsche Bank $32,000 --
Cleveland Corey $59,466 --
D&G Properties Inc $35,000 James D Doyle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arilex Holdings 401K Trust $210,000
Previous Owner Cleveland Corey $53,516
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2019 11/06/19 Sold $240,000 +2.2% $89 / Sq Ft
09/21/2019 09/21/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $234,900 -- $87 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $1,316 $140,500 $5,700 $134,800
2023 $1,477 $120,600 $4,100 $116,500
2022 $1,635 $120,600 $4,100 $116,500
2021 $1,516 $120,600 $4,100 $116,500
2020 $1,877 $120,600 $4,100 $116,500
2019 $984 $150,000 $4,100 $145,900
2018 $3,877 $150,000 $4,100 $145,900
2017 $3,474 $70,000 $4,100 $65,900
2016 $984 $70,000 $4,100 $65,900
2015 -- $80,000 $4,100 $75,900
2014 -- $80,000 $4,100 $75,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1225506

Upstate New York Real Estate Information Services (UNYREIS)

APN: 261400-135-280-0002-007-000-0000