NOT LISTED FOR SALE

1407 South Ave Unit 9 Syracuse, NY 13207

Southside Neighborhood

Estimated Value: $109,000 - $232,000

8 Beds
3 Baths
3,042 Sq Ft
$60/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $53,500 $18 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $1,140/month

2 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Forced Air Cooling System
  • Finished Attic
  • Woodwork
  • Property is near a bus stop

About This Home

As of December 2020

You dont want to miss this investment opportunity! Great earning potential on this 3 unit home close to downtown, occ, and shopping. Current owner was receiving $2,800 a month when fully rented. Second floor needs cleaning and is ready to be rented third floor currently grosses $1,200 a month. Unit 1 needs a little TLC before being rented.

Last Agent to Sell the Property

Kayla Webster

Listing by Dropped Members License #10401341084 Listed on: 09/10/2020

Co-Listed By

Richard McCarron

Listing by eXp Realty License #10301210568

Last Buyer's Agent

Stephen Schmitt

Listing by Hunt Real Estate ERA License #10301218985

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,960 Sq Ft Lot
  • Lot Dimensions are 90 x 44

Parking

  • Driveway

Home Design

  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,042 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Basement Fills Entire Space Under The House
  • Finished Attic

Flooring

  • Wood
  • Laminate

Utilities

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

Additional Features

  • Balcony
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes no utilities, water
  • Tax Lot 49
  • Assessor Parcel Number 311500-083-000-0011-049-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 55400
  • Foundation Description: Block, Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 90
  • Lot Dimension Front: 44
  • Lot Information: Near Bus Line, Secondary Road
  • Lot Number: 49
  • Nearest Cross Street: Rockland
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 588558.86
  • Ratio Close Price By Sq Ft: 17.59
  • Ratio List Price By Acres: 438943.89
  • Ratio List Price By Sq Ft: 13.12
  • Regional Board Code: Syracuse
  • Rent Includes: No Utilities, Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1769
  • Sub Board Code: Syracuse
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3960
  • Age of Building: 102
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 3042
  • Directions To Property: Between W Colvin and Rockland
  • Sq Ft Total Pub: 3042
  • Unit: 9
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some
  • Attic Description: Finished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Total Sq Ft: 3042

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Balcony, Cable TV Available
  • Number of Acres: 0.0909

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Syracuse

Lot Info

  • Parcel Number: 311500-083-000-0011-049-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3469

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2010
Sold by
Rhodes Wayne
Bought by
Lewis Quantelace
Current Estimated Value
$181,000
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
Lewis Quantelace -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $53,500 +34.1% $18 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $39,900 -- $13 / Sq Ft
Source: Central New York Information Services

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 -- $55,400 $3,300 $52,100
2023 $1,628 $55,400 $3,300 $52,100
2022 $1,672 $55,400 $3,300 $52,100
2021 $1,672 $55,400 $3,300 $52,100
2020 $1,699 $55,400 $3,300 $52,100
2019 $3,151 $55,400 $3,300 $52,100
2018 $1,685 $55,400 $3,300 $52,100
2017 -- $55,400 $3,300 $52,100
2016 $1,624 $55,400 $3,300 $52,100
2015 -- $55,400 $3,300 $52,100
2014 -- $55,400 $3,300 $52,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1293011

Central New York Information Services

APN: 311500-083-000-0011-049-000-0000