NOT LISTED FOR SALE

131 State Route 208 New Paltz, NY 12561

Estimated Value: $578,505

4 Beds
3 Baths
4,080 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 20, 2018

Last sale price $330,000 $81 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,081/month

113 Days on Market

Highlights

  • 2.78 Acre Lot
  • Partially Wooded Lot
  • Window Unit Cooling System
  • Colonial Architecture
  • Main Floor Primary Bedroom
  • Patio

About This Home

As of March 2018

NEW PALTZ MONEY MAKER!! INVESTOR ALERT! Across from SUNY New Paltz but outside of the Village so no added village tax expense you will find this potential 10 bedroom rental, currently 5 of 10 rooms are being rented out as follows. Basement consists of two bedroom apartment with one full bathroom and kitchen/living/dining room area. Long term tenants on a month to month lease paying $1,000/month. Main floor is three bedrooms, one full bathroom, kitchen and living room area and is rented out on a month to month lease at a rate of $550/month/room for a total rent on this floor of $1,650. Third floor is ANOTHER 5 bedrooms and two full bathrooms, currently vacant because it was recently updated. With upstairs rented potential monthly income of $5,400! Rental properties this size are hard to find in New Paltz, don't miss this opportunity for a real money maker! Septic just redone last year and you also have a well on the property so no water/sewer bills either!

Last Agent to Sell the Property

Rita Manzione

Keller Williams Hudson Valley Brokerage Phone: 845-610-6065 Listed on: 09/28/2017

Keller Williams Hudson Valley

Last Buyer's Agent

Non Non OneKey Agent

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,500

Year Built

  • Built in 1930

Lot Details

  • 2.78 Acre Lot
  • No Common Walls
  • Partially Wooded Lot

Home Design

  • Colonial Architecture
  • Post and Beam
  • Brick Exterior Construction

Interior Spaces

  • 4,080 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 10 Parking Spaces
  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Duzine Elementary School
  • New Paltz Middle School
  • New Paltz Senior High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 86.4-1-32

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,500

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • Attribution Contact: 845-610-6065
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs, First Floor Bedroom, Entrance Foyer
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 4
  • Living Area: 4080
  • Owner Pays: Insurance
  • SquareFootage: 4080.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Post and Beam, Brick
  • Patio and Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 10
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway, Parking Lot, Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Electric, Baseboard
  • Sewer: Septic Tank
  • Water Source: Well
  • GarbageRemoval: Private
  • Hot Water: Electric Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 3300
  • Trash Expense: 1416

Schools

  • Middle School: New Paltz Middle School

Lot Info

  • Lot Size Acres: 2.78
  • Lot Size Area: 2.78
  • Lot Dimensions: 2.7800
  • Lot Size Sq Ft: 121097
  • Lot Size Units: Acres
  • Lot Features: Part Wooded
  • Parcel Number: 86.4-1-32
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: None

Multi Family

  • Fuel Expense: 960
  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 11500
  • Tax Map Number: 86.4-1-32

MLS Schools

  • Elementary School: Duzine School,Lenape Elementary School
  • High School: New Paltz Senior High School
  • Middle School District: New Paltz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Mar 20, 2018
Sold by
Margariti Eugen O and Rossi Franco
Bought by
Margariti Klodiana and Margariti Eugen O
Seller's Agent
Rita Manzione
Keller Williams Hudson Valley
Buyer's Agent
Non Non OneKey Agent
Non-Member MLS
List Price
$379,000
Sold Price
$330,000
Premium/Discount to List
-$49,000
-12.93%
Current Estimated Value
$578,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,505
Avg. Annual Appreciation
7.72%
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
Margariti Klodiana $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sauchuk Brent $360,000
Closed Margariti Renato $317,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2018 03/20/18 Sold $330,000 -12.9% $81 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $379,000 -- $93 / 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 $10,966 $278,800 $126,900 $151,900
2023 $10,881 $278,800 $126,900 $151,900
2022 $10,404 $278,800 $126,900 $151,900
2021 $10,404 $278,800 $126,900 $151,900
2020 $13,843 $368,000 $126,900 $241,100
2019 $11,264 $368,000 $126,900 $241,100
2018 $13,122 $368,000 $126,900 $241,100
2017 $11,566 $335,300 $126,900 $208,400
2016 $11,448 $335,300 $126,900 $208,400
2015 -- $335,300 $126,900 $208,400
2014 -- $335,300 $126,900 $208,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4743624

OneKey® MLS

APN: 3889-086.004-0001-032.000-0000