NOT LISTED FOR SALE

Estimated Value: $54,000 - $147,000

8 Beds
3 Baths
2,703 Sq Ft
$39/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $80,000 $30 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $786/month

5 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • 4-minute walk to Spirit of Jubilee Park
  • Forced Air Cooling System

About This Home

As of February 2018

Excellent Investment Property. 100% occupied 3 unit building. Excellent location with close proximity to downtown, SU, I81 - very accessible. A great building as a first time investor or to add to an existing portfolio.

Last Agent to Sell the Property

Glenn Riemenschneider

Listing by eXp Realty License #10301212911 Listed on: 11/01/2017

eXp Realty

Last Buyer's Agent

Hal Travis

Listing by Hal Travis Real Estate, Inc. License #31TR0908920

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,956

Year Built

  • Built in 1910

Lot Details

  • 5,100 Sq Ft Lot
  • Lot Dimensions are 127 x 40

Home Design

  • Cedar

Interior Spaces

  • 2,703 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 18
  • Assessor Parcel Number 311500-093-000-0011-018-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $3,556
  • Gross Income $28,848

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,956

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Annual Operating Expenses: 3556
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 48000
  • Gross Annual Income: 28848
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 127
  • Lot Dimension Front: 40
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 18
  • Nearest Cross Street: Tallman Street
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 683176.77
  • Ratio Close Price By Sq Ft: 29.60
  • Ratio List Price By Acres: 801878.74
  • Ratio List Price By Sq Ft: 34.74
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • School Tax: 833
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5100
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Onondaga Ave to Tallman Ave, right onto Hudson Street. Property is on right hand side before the PEACE Head Start building.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Pex Plumbing- Some
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Kitchen Appliances Included: Oven/Range Gas-Some, Refrigerator
  • Total Sq Ft: 2703

Exterior Features

  • Construction: Cedar, Wood
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1171

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 1 Space

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Syracuse

Lot Info

  • Parcel Number: 311500-093-000-0011-018-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2956

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2017
Closed on
Feb 8, 2018
Sold by
Emmco Properties Llc
Bought by
Bawa Ibrahim
Seller's Agent
Glenn Riemenschneider
eXp Realty
Buyer's Agent
Hal Travis
Hal Travis Real Estate, Inc.
List Price
$93,900
Sold Price
$80,000
Premium/Discount to List
-$13,900
-14.8%
Current Estimated Value
$104,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,348
Avg. Annual Appreciation
3.52%
Original Mortgage
$60,000
Outstanding Balance
$51,017
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$53,331

Purchase Details

Closed on
Jun 16, 2017
Sold by
Coney Low
Bought by
Emmco Properties Llc
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
Bawa Ibrahim -- --
Bawa Ibrahim -- --
Emmco Properties Llc $41,700 William Baskin
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bawa Ibrahim $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2018 02/26/18 Sold $80,000 -14.8% $30 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
11/01/2017 11/01/17 For Sale $93,900 -- $35 / 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 -- $48,000 $2,500 $45,500
2023 $2,858 $48,000 $2,500 $45,500
2022 $0 $48,000 $2,500 $45,500
2021 $2,858 $48,000 $2,500 $45,500
2020 $2,858 $48,000 $2,500 $45,500
2019 $2,858 $48,000 $2,500 $45,500
2018 $2,858 $48,000 $2,500 $45,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1084965

Central New York Information Services

APN: 311500-093-000-0011-018-000-0000