NOT LISTED FOR SALE

1296 New York 22 Wingdale, NY 12594

Estimated Value: $214,000 - $780,000

6 Beds
6 Baths
4,360 Sq Ft
$135/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $740,000 $170 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $4,332/month

119 Days on Market

Highlights

  • Cathedral Ceiling
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Park or Greenbelt View
  • Skylights
  • Hot Water Heating System

About This Home

As of October 2021

Immediate income from this turn-key multi-unit rental property. Fully rented, four units in three recently renovated buildings generate $6,900 monthly, $82,800 annually in rental income. The property is almost an acre, cleared and level with plenty of lawn and parking space. It is highly visible, being on Route 22 with an annual average daily traffic count of 9,770. In Wingdale, just north of the Pawling town line, the setting is breathtaking, with mountains behind and the Great Swamp across Route 22. The 4 units are in 3 separate structures. The first house is a 1560 SF split level contemporary with newer gas furnace with two units, the main home a 3 bedroom, 1 bath and the legal accessory apartment with 1 bedroom, 1 bath with a rear entrance. The second home is a 1680 SF contemporary cape with first floor master bedroom and bath, two additional bedrooms and full bath upstairs. The third building is a Dutch colonial styled barn with the first story a two-bay heated garage with a 9.5 foot ceiling, high doors, half bath and laundry. Upstairs is an 1120 SF 1 bedroom, 1 bath apartment plus den/office. All 4 units have access to the green space outside and a common parking lot. There is a long list of improvements, including a brand new 8 bedroom septic system. It is possible that the property will be rezoned commercial soon. If that happens, some or all of the units could be converted to retail or other commercial use with significantly increased rental income. 2 minutes to the Wingdale Metro North station, 5 minutes to the quaint Village of Pawling with fine dining, shops, and pubs.,FLOORING:Wood,MISCELANES:Washer/Dryer All,InteriorFeatures:Electric Stove Connection,Washer Connection,Electric Dryer Connection,ROOF:Asphalt Shingles,AboveGrade:4360,OwnerPays:Water,Sewer,EQUIPMENT:Carbon Monoxide Detector,Smoke Detectors,ExteriorFeatures:Outside Lighting,Landscaped

Last Agent to Sell the Property

Brian McGrath

McGrath Realty Inc License #10301208910 Listed on: 03/16/2021

Co-Listed By

Claudia Jiskra

McGrath Realty Inc License #40JI0944962

Last Buyer's Agent

Valerie Port

McGrath Realty Inc License #10301221091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,509

Year Built

  • Built in 1997

Lot Details

  • 0.99 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Park or Greenbelt Views
  • Unfinished Basement
  • Partial Basement

Schools

  • Wingdale Elementary School
  • Crispell Middle School
  • Dover High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Well

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 13260000705800006899020000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,509

Year Built

Built in 1997

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s), High Ceilings
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Basement: Partial, Unfinished
  • Window Features: Skylight(s)
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Frame, Vinyl Siding, Wood Siding
  • View: Park/Greenbelt
  • View YN: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Detached, Garage

Utilities

  • Cooling: Central Air, None
  • Cooling: Yes
  • Heating: Forced Air, Hot Water
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Crispell Middle School

Lot Info

  • Lot Size Acres: 0.99
  • Lot Size Area: 0.99
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 13260000705800006899020000
  • Zoning Description: RES
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 4

Tax Info

  • Tax Annual Amount: 11509
  • Tax Map Number: 13260000705800006899020000

MLS Schools

  • Elementary School: Wingdale Elementary School
  • High School: Dover High School
  • Middle School District: Dover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Nov 16, 2021
Sold by
Flores Portillo H
Bought by
H & M7 Prop Invstr Llc
Seller's Agent
Brian McGrath
McGrath Realty Inc
Buyer's Agent
Valerie Port
McGrath Realty Inc
List Price
$799,000
Sold Price
$740,000
Premium/Discount to List
-$59,000
-7.38%
Current Estimated Value
$590,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,463
Avg. Annual Appreciation
-6.72%
Original Mortgage
$697,547
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2017
Sold by
Muncey James
Bought by
East Mt Properties Llc

Purchase Details

Closed on
May 18, 2017
Sold by
Bank Of New York Mellon T
Bought by
Muncey James

Purchase Details

Closed on
Dec 19, 2005
Sold by
County Of Dutchess
Bought by
Key Mobile Service 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
H & M7 Prop Invstr Llc -- None Available
East Mt Properties Llc -- --
East Mt Properties Llc -- --
Muncey James $245,874 --
Muncey James $245,874 --
Key Mobile Service Inc $30,939 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores-Portillo Henry $697,547
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $740,000 -7.4% $170 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $799,000 -- $183 / Sq Ft
Source: OneKey® MLS

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 $13,666 $260,800 $50,200 $210,600
2023 $13,666 $260,800 $50,200 $210,600
2022 $14,150 $260,800 $50,200 $210,600
2021 $14,286 $260,800 $50,200 $210,600
2020 $11,435 $208,200 $50,200 $158,000
2019 $11,408 $208,200 $50,200 $158,000
2018 $11,434 $208,200 $50,200 $158,000
2017 $11,210 $208,200 $50,200 $158,000
2016 $11,348 $208,200 $50,200 $158,000
2015 -- $208,200 $50,200 $158,000
2014 -- $208,200 $50,200 $158,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEYM398876

OneKey® MLS

APN: 132600-7058-00-689902-0000