NOT LISTED FOR SALE

1224 Creek Locks Rd Bloomington, NY 12411

8 Beds
6 Baths
4,300 Sq Ft
1.5 Acres

Last Sold October 23, 2017

Last sale price $240,000 $56 Per Sq Ft

82 Days on Market

Highlights

  • River Access
  • River View
  • 1.5 Acre Lot
  • Kingston High School Rated A-
  • Waterfront
  • Deck

About This Home

As of October 2017

This 6 unit apartment building is a solid investment with a history of long-term tenants and a high cap rate of 10.9%. Set back from the road on a tree-lined driveway and sitting high above the Rondout, you will love the riverviews from the deck and the peace and serenity of the gardens. You won't have trouble finding tenants in this easy-to-manage investment property with ample parking, separate utilities, and coin-operated laundry in the common room. Situated between Rosendale and Kingston, it is close to all amenities with a peaceful, country feel. The high cap rate on this money-maker ensures your mortgage can paid off in under 10 years! This is a unique location and a smart investment.

Last Agent to Sell the Property

Dorcinda Knauth

Weichert, REALTORS The Spiesma License #10401231684 Listed on: 07/12/2017

Weichert, REALTORS The Spiesma

Last Buyer's Agent

Timothy Craven

Past Member License #10401263750

Past Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 1.5 Acre Lot
  • Waterfront
  • Partially Fenced Property
  • Landscaped
  • Private Lot
  • Garden

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Concrete

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Common or Shared Parking
  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • River Access
  • Deck
  • Shed

Utilities

  • Heating Available
  • Well
  • Water Softener
  • Septic Tank
  • Cable TV Available

Additional Features

  • River Views
  • Range
  • Washer

Listing and Financial Details

  • The owner pays for electricity
  • Legal Lot and Block 15 / 1
  • Assessor Parcel Number 5400-063.005-0001-015.000-0000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $4,000
  • Insurance Expense $4,800
  • New Taxes Expense $7,325
  • Net Operating Income $33,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 1.5
  • Road Surface Type: Gravel
  • View Type:Pond View: River, Other
  • Water Body Name: RONDOUT CREEK
  • Co List Office Phone: 845-336-2633
  • MLS Status: Closed
  • Master Plan Zoning: 33
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 1.5
  • General Property Information Lot Size Dimensions: 65350 Sq Ft
  • Electric:Circuit Breakers: Yes
  • Flooring:Carpet: Yes
  • Flooring Concrete3: Yes
  • Security Features:Smoke Detector(s): Yes
  • Income And Expenses New Taxes Expense: 7325.0
  • Foundation Details Slab: Yes
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 52440.0
  • Other Structures:Shed(s): Yes
  • Fencing:Partial2: Yes
  • Washers: Yes
  • General Property Information Fireplace YN: No
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Well: Yes
  • Water Softeners: Yes
  • Fencing Fenced: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • View:River2: Yes
  • Structure Type Multi Family: Yes
  • Utilities:Cable Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Water Softener, Washer, Refrigerator, Range
  • Fireplace: No
  • Flooring: Carpet, Concrete
  • Appliances Range: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Waterfront Features: River Access
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Lot Features:Landscaped: Yes
  • Lot Features:Private: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Garden2: Yes
  • Waterfront Features:River Access: Yes

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Electric: Circuit Breakers
  • Utilities: Cable Available
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Laundry: Yes

Fee Information

  • Trash Expense: 1325.0

Lot Info

  • Lot Features: Garden, Landscaped, Private
  • Lot Dimensions: 65350 Sq Ft
  • Lot Size Sq Ft: 65340.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 5400-063.005-0001-015.000-0000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Other
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 4000.0
  • Insurance Expense: 4800.0
  • Net Operating Income: 33900.0

Tax Info

  • New Taxes Expense: 7325.0
  • Tax Block: 1
  • Tax Lot: 15

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2017 10/23/17 Sold $240,000 0.0% $56 / Sq Ft
10/02/2017 10/02/17 Off Market $240,000 -- --
10/02/2017 10/02/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $311,000 -- $72 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dorcinda Knauth

    Weichert Corporate

    (845) 391-3931

    1 in this area

    9 Total Sales

    Dorcinda Knauth
    Section Image

  • T

    Buyer's Agent in 2017

    Timothy Craven

    Past Member

    Section Image
See All Agents

Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20173308

Hudson Valley Catskills Region Multiple List Service

APN: 515400 63.5-1-15

New York Ulster County Bloomington 12411

1224 Creek Locks Rd, Bloomington, NY

This home is located at 1224 Creek Locks Rd, Bloomington, NY 12411 since 12 July 2017. This property was built in 1970. 1224 Creek Locks Rd is a home located in Ulster County with nearby schools including Kingston High 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.

Nearby Homes