$640,000
SOLD OCT 15, 2024

1446 Lincoln Terrace Peekskill, NY 10566

6 Beds
3 Baths
1,806 Sq Ft
6,016 Sq Ft Lot

Recently Sold

$354 Per Sq Ft

11% Below List Price

67 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Hot Water Heating System
  • 3 Car Detached Garage

About This Home

As of October 2024

Welcome to this fantastic investment property nestled in the heart of Peekskill, offering incredible potential for savvy investors or homeowners looking for a multifamily and an additional lot .Each unit consists of 2 bedrooms and 1 bathroom, providing comfortable living spaces. A significant highlight of this property is the expansive detached three-car garage, offering parking convenience and potential for additional storage or workshop space.The solid bones of this building provide a strong foundation for renovations or enhancements, allowing for customization based on your vision. Convenient access to nearby amenities, including shopping centers, dining options, public transportation, and parks, providing a well-rounded lifestyle for residents.Easy access to major highways , facilitating commuting to New York City and close proximity to nearby cultural attractions, entertainment venues, and recreational spots and restaurants to enrich the living experience for residents.

Last Agent to Sell the Property

Tana McGuire

eXp Realty Brokerage Phone: (914) 414-0759 License #10301218709 Listed on: 12/08/2023

eXp Realty

Last Buyer's Agent

Hershel Reisz

eRealty Advisors, Inc License #10401363654

eRealty Advisors, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,049

Year Built

  • Built in 1926

Lot Details

  • 6,016 Sq Ft Lot
  • No Common Walls
  • Sloped Lot

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Tri-Level Property
  • Frame Construction
  • Stucco

Interior Spaces

  • 1,806 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Peekskill Middle School
  • Peekskill High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1200-033-006-00012-000-0023

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,049

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks, Tri-Level
  • Property SubType: Multi Family
  • Year Built: 1926
  • Attribution Contact: (914) 414-0759
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Partial
  • Total Bedrooms: 6
  • Living Area: 1806
  • Owner Pays: Insurance
  • SquareFootage: 1806.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Description: Detached, 3 Car Detached, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 290
  • Trash Expense: 936

Schools

  • Middle School: Peekskill Middle School

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6016
  • Lot Size Units: Acres
  • Lot Features: Sloped, Near Public Transit
  • Parcel Number: 1200-033-006-00012-000-0023
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 6524
  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3
  • NumberOf2Bedrooms: 3

Tax Info

  • Tax Annual Amount: 9049
  • Tax Map Number: 1200-033-006-00012-000-0023

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Peekskill High School
  • Middle School District: Peekskill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2023
Closed on
Oct 10, 2024
Sold by
Mckinney Family Limited Partnership
Bought by
446 Lincoln Terrace Llc
Seller's Agent
Tana McGuire
eXp Realty
Buyer's Agent
Hershel Reisz
eRealty Advisors, Inc
List Price
$720,000
Sold Price
$640,000
Premium/Discount to List
-$80,000
-11.11%
Views
135
Current Estimated Value
$684,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,000
Avg. Annual Appreciation
8.78%
Original Mortgage
$512,000
Outstanding Balance
$508,973
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
$175,027

Purchase Details

Closed on
Mar 22, 2004
Sold by
Mckinney Herman and Mckinney Ida
Bought by
The Mckinney Family Lp
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 Type Sale Price Title Company
Bargain Sale Deed $640,000 Westcor Land Title
Bargain Sale Deed $640,000 Westcor Land Title
Bargain Sale Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $512,000 Credit Line Revolving
Closed $512,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $640,000 -11.1% $354 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
12/08/2023 12/08/23 For Sale $720,000 -- $399 / 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 $8,311 $9,200 $1,100 $8,100
2023 $11,263 $9,200 $1,100 $8,100
2022 $11,519 $9,200 $1,100 $8,100
2021 $10,809 $9,200 $1,100 $8,100
2020 $11,268 $9,200 $1,100 $8,100
2019 $10,232 $9,200 $1,100 $8,100
2018 $1,849 $9,200 $1,100 $8,100
2017 $0 $9,200 $1,100 $8,100
2016 $9,891 $9,200 $1,100 $8,100
2015 -- $9,200 $1,100 $8,100
2014 -- $9,200 $1,100 $8,100
2013 -- $9,200 $1,100 $8,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6280411

OneKey® MLS

APN: 551200 33.6-12-23