NOT LISTED FOR SALE

131 Chambers St Newburgh, NY 12550

Estimated Value: $308,699 - $431,000

6 Beds
2 Baths
1,584 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $228,000 $144 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,518/month

100 Days on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • Eat-In Kitchen
  • Waterfront
  • Formal Dining Room
  • 1-minute walk to Audrey Carey Park

About This Home

As of October 2021

Magnificent 19th Century Duplex with Massive Investment Potential! Conveniently located within a short distance to the beautiful Hudson River, this 1,584sqft, multifamily home has been extremely well-loved over the years and is ready for a new season of memories. Situated in an area with new construction and refinished homes, this property offers investors and savvy homebuyers an opportunity to be part of an up-and-coming neighborhood! Each 3BR/1BA unit features plenty of natural light, attractive hardwood flooring, neutral color scheme, a large living space, and a functional kitchen with wood cabinetry, gas range, smooth countertops, and a refrigerator/freezer combo. All bedrooms in each unit are generously sized with dedicated closet space and share a full bathroom with a shower/tub combo. Other features: street parking, 2 electric meters, close to shopping, restaurants, schools, places of worship, parks, banks, and entertainment, and so much more! 48 hours notice for showings.

Last Agent to Sell the Property

Kerri Stretch

Howard Hanna Rand Realty License #40ST1041985 Listed on: 04/05/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,234

Year Built

  • Built in 1891

Lot Details

  • 2,200 Sq Ft Lot
  • Waterfront
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,584 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • The property is located in a historic district

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 331100.018.000-0004-024.000/0000

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,234

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Year Built: 1891
  • Attribution Contact: 845-344-2800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining Room
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 1584.00
  • Square Footage: 1584.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Trash Collection, Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Sq Ft: 2200.00
  • Lot Size Units: Acres
  • Lot Features: Historic District, Near Public Transit
  • Parcel Number: 331100.018.000-0004-024.000/0000
  • Property Attached: Yes

Tax Info

  • Close Date: 2021-10-06
  • Tax Annual Amount: 4234.00
  • Tax Map Number: 331100.018.000-0004-024.000/0000

Multi Family

  • Units Total: 2
  • 1 Bedrooms: 3
  • Two Bedrooms: 3
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Sep 30, 2021
Sold by
Braver Abraham
Bought by
Freund Mordechai and Mertz Faige
Seller's Agent
Kerri Stretch
Howard Hanna Rand Realty
List Price
$250,000
Sold Price
$228,000
Premium/Discount to List
-$22,000
-8.8%
Current Estimated Value
$358,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,175
Avg. Annual Appreciation
11.21%
Original Mortgage
$171,000
Outstanding Balance
$155,167
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,008

Purchase Details

Closed on
Apr 26, 2017
Sold by
Delta Realty Ny Llc
Bought by
Braver Abraham

Purchase Details

Listed on
Mar 16, 2013
Closed on
Jan 5, 2017
Sold by
German David
Bought by
Delta Realty Ny Llc
Seller's Agent
Penny Alper
Your Move Matters LLC
Buyer's Agent
Ana Perez Landol
Four Seasons Realty Group
List Price
$45,954
Sold Price
$19,591
Premium/Discount to List
-$26,363
-57.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Freund Mordechai $228,000 Old Republic Title
Freund Mordechai $228,000 None Available
Freund Mordechai $228,000 Old Republic Title
Braver Abraham -- Sarah Ramos
Braver Abraham -- Sarah Ramos
Delta Realty Ny Llc $19,591 Sarah Ramos
Delta Realty Ny Llc $19,591 Sarah Ramos
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freund Mordechai $171,000
Closed Freund Mordechai $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2021 10/06/21 Sold $228,000 -0.9% $144 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/14/2021 07/14/21 Price Changed $230,000 -8.0% $145 / Sq Ft
04/05/2021 04/05/21 For Sale $250,000 +1176.1% $158 / Sq Ft
01/13/2017 01/13/17 Sold $19,591 -57.4% $12 / Sq Ft View Prior Sale
12/22/2016 12/22/16 Pending -- -- --
03/16/2013 03/16/13 For Sale $45,954 -- $29 / 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 $7,734 $257,400 $15,700 $241,700
2023 $7,734 $234,000 $15,700 $218,300
2022 $7,264 $170,000 $7,700 $162,300
2021 $6,610 $141,700 $7,000 $134,700
2020 $4,234 $120,100 $7,000 $113,100
2019 $1,394 $65,200 $7,000 $58,200
2018 $1,394 $59,300 $7,400 $51,900
2017 $2,100 $41,400 $7,400 $34,000
2016 $3,081 $41,400 $7,400 $34,000
2015 -- $45,000 $7,400 $37,600
2014 -- $50,000 $7,400 $42,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6098989

OneKey® MLS

APN: 331100-018-000-0004-024.000-0000