Seller's Agent in 2023
Jacob Matthews
Ellis Sotheby's Intl Realty
(845) 353-4250
1 in this area
24 Total Sales
15 Kelly Ln Pine Bush, NY 12566
Estimated Value: $1,354,123
17
Beds
8.5
Baths
10,499
Sq Ft
$129/Sq Ft
Est. Value
Highlights
- 6 Acre Lot
- Window Unit Cooling System
- Forced Air Heating System
- 2 Car Detached Garage
About This Home
As of October 2023Investment and development opportunity in the heart of thriving Pine Bush hamlet, Orange County, NY. Set on Six (6) relatively level acres, zoned multifamily, are 2 well-maintained residential rental buildings. The first multifamily rental building at #15 Kelly Lane, is a former cattle barn converted to apartments in approximately the early 1980s and has six (6) fully occupied rental units across nearly 8,000 total SF. Each unit has separately metered electric. The second is an antique c. 1850s colonial style farm house at #17 Kelly Lane. It has two (2) units, one 4 BR and one 2 BR, across 2,500 SF, with updated kitchens, and could easily be used as single family. Location, location, location. This important real estate offering has "A+" location, close to schools, grocery stores, dining options and the walking hamlet of Pine Bush/Historic district with its antiques, book stores, hardware, bank, post office and more. Municipal water and sewer (hybrid). This is one of very few parcels zoned RM ("Multiple Residence") with great primary uses and several great possible Special Permit uses. There's a large antique dairy barn / garage complex on the property and much open acreage beyond. Pine Bush in the Town of Crawford, NY, has centrality to Middletown, Newburgh/Stewart Intl Airport, Montgomery, LEGOLAND, NY, and is a jumping-off point to the Hudson Valley and the Catskills with attractions including Bethel Woods and New Paltz/Shawangunk Ridge area. Unique and incomparable opportunity! A must see.
Last Agent to Sell the Property
Ellis Sotheby's Intl Realty Brokerage Phone: 845-353-4250 License #10301218518 Listed on: 04/07/2022
Co-Listed By
Ellis Sotheby's Intl Realty Brokerage Phone: 845-353-4250 License #10301207601
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,140
Year Built
- Built in 1856
Lot Details
- 6 Acre Lot
- Two or More Common Walls
Parking
- 2 Car Detached Garage
- Driveway
- Off-Street Parking
Home Design
- 10,499 Sq Ft Home
Bedrooms and Bathrooms
- 17 Bedrooms
Schools
- E J Russell Elementary School
- Crispell Middle School
- Pine Bush Senior High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Oil
Community Details
- 8 Units
- 7 Separate Electric Meters
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 332600-008-000-0002-070.000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2022
Closed on
Oct 23, 2023
Sold by
Eileen Kelly Ft
Bought by
Kelly Lane Llc
Seller's Agent
Jacob Matthews
Ellis Sotheby's Intl Realty
Buyer's Agent
Marion Bruhns
Howard Hanna Rand Realty
List Price
$1,750,000
Sold Price
$1,200,000
Premium/Discount to List
-$550,000
-31.43%
Views
315
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,123
Avg. Annual Appreciation
5.92%
Original Mortgage
$825,000
Outstanding Balance
$810,106
Interest Rate
7.57%
Mortgage Type
Commercial
Estimated Equity
$544,017
Purchase Details
Closed on
Feb 14, 2018
Sold by
Eileen Kelly Ret and Kelly Tr
Bought by
Eileen Kelly Ft and Kelly Tr
Purchase Details
Closed on
Jan 12, 2018
Sold by
Eileen Kelly Ret
Bought by
Eileen Kelly Ft
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kelly Lane Llc | $1,200,000 | None Available | |
| Eileen Kelly Ft | -- | -- | |
| Eileen Kelly Ft | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kelly Lane Llc | $825,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2023 10/23/23 | Sold | $1,200,000 | 0.0% | $114 / Sq Ft |
| 07/17/2023 07/17/23 | Pending | -- | -- | -- |
| 07/10/2023 07/10/23 | Off Market | $1,200,000 | -- | -- |
| 11/15/2022 11/15/22 | Price Changed | $1,295,000 | -13.4% | $123 / Sq Ft |
| 08/02/2022 08/02/22 | Price Changed | $1,495,000 | -14.6% | $142 / Sq Ft |
| 04/17/2022 04/17/22 | For Sale | $1,750,000 | -- | $167 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $24,132 | $249,200 | $74,800 | $174,400 |
| 2023 | $24,132 | $249,200 | $74,800 | $174,400 |
| 2022 | $23,160 | $246,500 | $74,800 | $171,700 |
| 2021 | $23,140 | $246,500 | $74,800 | $171,700 |
| 2020 | $23,064 | $246,500 | $74,800 | $171,700 |
| 2019 | $22,504 | $246,500 | $74,800 | $171,700 |
| 2018 | $22,504 | $246,500 | $74,800 | $171,700 |
| 2017 | $22,140 | $246,500 | $74,800 | $171,700 |
| 2016 | $22,187 | $246,500 | $74,800 | $171,700 |
| 2015 | -- | $246,500 | $74,800 | $171,700 |
| 2014 | -- | $246,500 | $74,800 | $171,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jacob Matthews
-
MaryBeth O'Hara
Seller Co-Listing Agent in 2023
MaryBeth O'Hara
Ellis Sotheby's Intl Realty
(646) 202-3102
1 in this area
48 Total Sales
-
Marion Bruhns
Buyer's Agent in 2023
Marion Bruhns
Howard Hanna Rand Realty
(845) 800-4840
25 in this area
140 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY6176258
APN: 332600-008-000-0002-070.000-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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