NOT LISTED FOR SALE

1400 Lake Ave Rochester, NY 14615

Maplewood Neighborhood

Estimated Value: $188,000 - $205,000

3 Beds
3 Baths
2,847 Sq Ft
$69/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $109,900 $39 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,159/month

18 Days on Market

Highlights

  • Finished Attic
  • Corner Lot
  • Property is near a bus stop
  • Full Attic
  • Tile Flooring

About This Home

As of January 2020

Great opportunity for investment portfolio. Located in the City of Rochester Historic Maplewood District. 3 family, 3 floors. Separate utilities. All currently rented. Transferable CofO 11/2001. Nice corner lot near bus line, shopping, schools and expressway. Rents providing $1870 monthly gross income. Currently under local property management.

Last Agent to Sell the Property

Ronald Maida

Listing by Platinum Prop & Asset Mgmt License #40MA0839055 Listed on: 09/15/2019

Last Buyer's Agent

Michael Quinn

Listing by RE/MAX Plus License #10301214748

RE/MAX Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,950

Year Built

  • Built in 1908

Lot Details

  • 6,436 Sq Ft Lot
  • Lot Dimensions are 119 x 54
  • Corner Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,847 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Tile

Attic

  • Full Attic
  • Finished Attic

Location

  • Property is near a bus stop

Utilities

  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes grounds maintenance, lawn maintenance, no utilities, refuse removal, water
  • Tax Lot 32
  • Assessor Parcel Number 261400-090-510-0002-032-000-0000

Community Details

Overview

  • 3 Units
  • James Gorsline Subn Community
  • James Gorsline Subn Subdivision

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $4,500
  • Gross Income $22,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,950

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Annual Operating Expenses: 4500
  • NY Swis Code: Rochester City-261400
  • Total Assessed Value: 105000
  • Foundation Description: Block
  • Gross Annual Income: 22440
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 119
  • Lot Dimension Front: 54
  • Lot Information: Corner Lot, Near Bus Line, Neighborhood Street
  • Lot Number: 32
  • Lot Shape: Rectangular
  • Nearest Cross Street: Gorsline
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 744075.83
  • Ratio Close Price By Sq Ft: 38.60
  • Ratio List Price By Acres: 744075.83
  • Ratio List Price By Sq Ft: 38.60
  • Regional Board Code: Rochester
  • Rent Includes: Grounds Maintenance, Lawn Maintenance, No Utilities, Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 3465
  • Sub Board Code: Rochester
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6436
  • Age of Building: 114
  • Year Built: 1908
  • Directions To Property: Lake Ave and Gorsline
  • Subdivision Comm Complex: James Gorsline Subn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1908

Interior Features

  • Attic Description: Finished, Full
  • Basement Description: Full
  • Floor Description: Resilient-Some, Tile-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2847

Exterior Features

  • Construction: Aluminum/Steel
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1477

Garage/Parking

  • Number of Electric Meters: 4
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Hot Water, Municipal Electric
  • Number of Gas Meters: 3
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 261400-090-510-0002-032-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4950

MLS Schools

  • School District Name: Rochester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2019
Closed on
Dec 27, 2019
Sold by
Gedminas Tomas D
Bought by
Freeman Redell M
Seller's Agent
Ronald Maida
Platinum Prop & Asset Mgmt
Buyer's Agent
Michael Quinn
RE/MAX Plus
List Price
$109,900
Sold Price
$109,900
Current Estimated Value
$195,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,767
Avg. Annual Appreciation
10.40%
Original Mortgage
$113,971
Outstanding Balance
$100,483
Interest Rate
3.49%
Mortgage Type
FHA
Estimated Equity
$95,184

Purchase Details

Closed on
Mar 20, 2005
Sold by
Amico Michael and Fischer Edward
Bought by
Gedminas Tomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,216
Interest Rate
5.56%
Mortgage Type
FHA
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
Freeman Redell M $109,900 First American Title
Gedminas Tomas D $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Redell M $113,971
Previous Owner Gedminas Tomas D $99,216
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2020 01/17/20 Sold $109,900 0.0% $39 / Sq Ft
10/19/2019 10/19/19 For Sale $109,900 0.0% $39 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/15/2019 09/15/19 For Sale $109,900 0.0% $39 / Sq Ft
03/18/2015 03/18/15 Rented $650 0.0% --
03/18/2015 03/18/15 Under Contract -- -- --
03/17/2015 03/17/15 For Rent $650 -- --
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $1,533 $162,700 $9,300 $153,400
2023 $1,354 $105,000 $6,300 $98,700
2022 $1,431 $105,000 $6,300 $98,700
2021 $1,537 $105,000 $6,300 $98,700
2020 $1,552 $105,000 $6,300 $98,700
2019 $1,726 $105,000 $6,300 $98,700
2018 $4,008 $105,000 $6,300 $98,700
2017 $0 $105,000 $6,300 $98,700
2016 $1,726 $105,000 $6,300 $98,700
2015 $4,047 $103,000 $6,300 $96,700
2014 $4,047 $103,000 $6,300 $96,700
Source: Public Records

Agents Affiliated with this Home

  • Ronald Maida

    Seller's Agent in 2020

    Ronald Maida

    Platinum Prop & Asset Mgmt

    (585) 746-2915

    1 in this area

    18 Total Sales

    Ronald Maida
    Section Image
  • Michael Quinn

    Buyer's Agent in 2020

    Michael Quinn

    RE/MAX

    (585) 208-7562

    2 in this area

    86 Total Sales

    Michael Quinn
    Section Image
  • Vincent Nebbia

    Seller's Agent in 2015

    Vincent Nebbia

    Platinum Prop & Asset Mgmt

    (585) 317-9212

    4 in this area

    53 Total Sales

    Vincent Nebbia
    Section Image
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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1225449

Upstate New York Real Estate Information Services (UNYREIS)

APN: 261400-090-510-0002-032-000-0000

New York Monroe County Rochester 14613 Maplewood

1400 Lake Ave, Rochester, NY

Not Listed for Sale

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