NOT LISTED FOR SALE

135 3rd St Newburgh, NY 12550

Estimated Value: $391,409 - $433,000

5 Beds
2 Baths
3,076 Sq Ft
$135/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $350,000 $114 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,186/month

131 Days on Market

Highlights

  • Property is near public transit
  • Hot Water Heating System
  • 1-minute walk to Audrey Carey Park
  • Park

About This Home

As of June 2023

Why pay high rent when you can own this building and have the opportunity to produce income at the same time? This is an excellent investment opportunity that won't last long! This brick building located in the Historic district of City of Newburgh features a three bedroom, one full bath apartment with laundry room on the first floor. The second floor unit features 2 bedrooms and a full bath and the opportunity to convert the basement to a third unit. This building is one block away from St. Luke's hospital, walking distance to Mt. Saint Mary College, SUNY Orange College, Newburgh Waterfront, DMV office, 10 minutes drive to Beacon Train Station, 5 minutes drive to I-84 highway and only 1 hour and 15 minutes drive to NYC.

Last Agent to Sell the Property

Waldina Almazan

RE/MAX Benchmark Realty Group License #10401329951 Listed on: 11/25/2022

RE/MAX Benchmark Realty Group

Last Buyer's Agent

Waldina Almazan

RE/MAX Benchmark Realty Group License #10401329951 Listed on: 11/25/2022

RE/MAX Benchmark Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,526

Year Built

  • Built in 1900

Lot Details

  • 3,311 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,076 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • On-Street Parking

Location

  • Property is near public transit

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 331100-023-000-0003-003.000-0000

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

$11,526

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1900
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 3076
  • SquareFootage: 3076.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3311
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 331100-023-000-0003-003.000-0000
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 3
  • NumberOf2Bedrooms: 2

Tax Info

  • Tax Annual Amount: 11526
  • Tax Map Number: 331100-023-000-0003-003.000-0000

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
Nov 25, 2022
Closed on
Jun 9, 2023
Sold by
Negron Carmen
Bought by
Lanza-Ferrera Javier A and Vera Ruiz Maria
Seller's Agent
Waldina Almazan
RE/MAX Benchmark Realty Group
Buyer's Agent
Waldina Almazan
RE/MAX Benchmark Realty Group
List Price
$370,000
Sold Price
$350,000
Premium/Discount to List
-$20,000
-5.41%
Total Days on Market
131
Views
253
Current Estimated Value
$414,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,602
Avg. Annual Appreciation
8.88%
Original Mortgage
$255,000
Outstanding Balance
$233,276
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$181,326

Purchase Details

Closed on
Oct 3, 2018
Sold by
Lugo Ruth
Bought by
Negron Carmen

Purchase Details

Closed on
Dec 29, 2000
Sold by
Lusardi Philip and Lusardi Richard
Bought by
Alomar Ruth
Source: Public Records

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Range of Values:

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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
Lanza-Ferrera Javier A $350,000 Security Title Guarantee Cor
Lanza-Ferrera Javier A $350,000 Security Title Guarantee Cor
Negron Carmen -- --
Negron Carmen -- --
Negron Carmen -- --
Alomar Ruth $90,000 --
Alomar Ruth $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanza-Ferrera Javier A $255,000
Closed Lanza-Ferrera Javier A $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $350,000 -5.4% $114 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
11/25/2022 11/25/22 For Sale $370,000 -- $120 / 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
2023 $10,312 $312,000 $27,800 $284,200
2022 $11,810 $276,400 $13,000 $263,400
2021 $10,743 $230,300 $11,800 $218,500
2020 $1,194 $195,200 $11,800 $183,400
2019 $1,151 $77,200 $17,200 $60,000
2018 $1,151 $70,200 $20,500 $49,700
2017 $863 $70,200 $20,500 $49,700
2016 $2,454 $66,600 $20,500 $46,100
2015 -- $72,400 $20,500 $51,900
2014 -- $80,400 $20,500 $59,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6222067

OneKey® MLS

APN: 331100-023-000-0003-003.000-0000