$140,000
SOLD NOV 10, 2020

1385 County Route 29 Olmstedville, NY 12857

-- Bed
-- Bath
3,904 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

26% Below List Price

59 Days on Market

Highlights

  • Senior Community
  • No HOA
  • Forced Air Heating System
  • Traditional Architecture

About This Home

As of November 2020

HIGHLY MOTIVATED SELLER for turn-key business/apartment building/or any other building investment. Current restaurant space could be leased for commercial space or switched to 3rd apartment....or VRBO this property! Owner Financing with good credit. Contact the listing agent for exact details regarding the terms of the owner financing. As a turn-key business: The building has a main area for seating, full kitchen, dish wash area and prep room, walk-in cooler, screened in porch for additional porch seating, and a full basement which is used for storage. New deck, roof and floor in kitchen, as well as a new h/w heater. Current first floor rental apartment ($450 per month) & a second floor unit that is unfinished, ready to be renovated for another large 2-bedroom apt for rental income.

Last Agent to Sell the Property

Walter Swartz

Gallo Realty Listed on: 06/25/2020

Last Buyer's Agent

Brooke Clark

Peak Select Properties, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 95x90

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 3,904 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Septic Tank

Community Details

  • Senior Community
  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 7.000 / 4
  • Assessor Parcel Number 153400 164.23-4-7.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1935
  • Directions: Olmstedville Road to Minerva, building is on left.
  • Above Grade Finished Sq Ft: 3904.0
  • Architectural Style: Traditional
  • Lot Size: 95x90
  • Parking Features Parking Total: 4.0
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Architectural Style:Traditional: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Living Area: 3904.0
  • Full Basement: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Parking Features: Off Street
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Forced Air, Oil
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Oil2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Minerva

Lot Info

  • Parcel #: 153400 164.23-4-7.000

Tax Info

  • Tax Annual Amount: 2000.0
  • Tax Block: 4
  • Tax Lot: 7.000
  • Tax Tract: 164.23

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Nov 6, 2020
Sold by
Hogan Sean P and Hogan Jan M
Bought by
Mountain Ranch Prop Llc
Seller's Agent
Walter Swartz
Gallo Realty
Buyer's Agent
Brooke Clark
Peak Select Properties, LLC
List Price
$189,999
Sold Price
$140,000
Premium/Discount to List
-$49,999
-26.32%
Current Estimated Value
$197,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,390
Avg. Annual Appreciation
7.52%
Original Mortgage
$110,000
Outstanding Balance
$98,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$99,060

Purchase Details

Closed on
Apr 5, 2007
Sold by
Vanderwarker Jack
Bought by
Hogan Sean
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 Type Sale Price Title Company
Warranty Deed $140,000 None Available
Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $140,000 -6.7% $36 / Sq Ft
08/03/2020 08/03/20 Price Changed $150,000 -18.9% $38 / Sq Ft
07/13/2020 07/13/20 Price Changed $184,999 -2.6% $47 / Sq Ft
06/23/2020 06/23/20 For Sale $189,999 -- $49 / Sq Ft
Source: Global 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 $3,145 $235,000 $16,900 $218,100
2023 $2,415 $122,000 $16,900 $105,100
2022 $2,378 $122,000 $16,900 $105,100
2021 $2,397 $116,400 $16,900 $99,500
2020 $2,574 $116,400 $16,900 $99,500
2019 $2,592 $112,900 $16,900 $96,000
2018 $2,373 $112,900 $16,900 $96,000
2017 $2,309 $112,900 $16,900 $96,000
2016 $2,286 $112,900 $16,900 $96,000
2015 -- $112,900 $16,900 $96,000
2014 -- $112,900 $16,900 $96,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202020972

Global MLS

APN: 153400-164-023-0004-007-000-0000