NOT LISTED FOR SALE

162 Fernwood Ave Syracuse, NY 13205

Southside Neighborhood

Estimated Value: $62,000 - $141,506

6 Beds
2 Baths
2,288 Sq Ft
$45/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $60,000 $26 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $650/month

1 Day on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near a bus stop
  • Full Attic

About This Home

As of October 2023

Welcome to an extraordinary investment opportunity that awaits savvy investors! We proudly present a remarkable duplex property that is exclusively available for cash buyers and being sold "as is." As an "as is" sale, you have the freedom to shape and transform this property according to your vision and expertise. The duplex encompasses two distinct units, each featuring its own entrance, ensuring privacy and convenience for tenants. The floor plans incorporate comfortable living spaces, spacious bedrooms, and an entertaining kitchen, living and dining area; thus creating a highly desirable living environment for potential renters or an owner occupant. This prime location ensures a consistent flow of interested tenants, resulting in excellent rental prospects. Take advantage of the property's potential by implementing renovations and upgrades tailored to the market's demands, thereby enhancing its value and attracting higher rental income. Act swiftly and explore the countless possibilities this duplex offers.

Last Agent to Sell the Property

Wanque Green

Listing by Hunt Real Estate Era License #10401344236 Listed on: 06/29/2023

Hunt Real Estate Era

Last Buyer's Agent

Taylor Tagliamonte

Listing by Hunt Real Estate Era License #10401355629

Hunt Real Estate Era

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,477

Year Built

  • Built in 1920

Lot Details

  • 5,184

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Full Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Lot Dimensions are 132 x 5,182
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 311500-077-000-0024-033-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,477

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 45000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 5182
  • Lot Information: Near Bus Line, Neighborhood Street, Secondary Road
  • Nearest Cross Street: Midland
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 26.22
  • Ratio List Price By Sq Ft: 23.99
  • Regional Board Code: Syracuse
  • Rent Includes: No Utilities
  • School Tax: 761
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 103
  • Year Built: 1920
  • Directions To Property: Make a left on Fernwood from Midland. Property on your left.
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 2
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Total Bathrooms: 2.00
  • Total Bedrooms: 6
  • Total Sq Ft: 2288

Exterior Features

  • Construction: Wood

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Schools

  • School District: Syracuse

Lot Info

  • Parcel Number: 311500-077-000-0024-033-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2477

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Oct 23, 2023
Sold by
Stenson Sr Kai G Est and Stenson
Bought by
Nazar Saba
Seller's Agent
Wanque Green
Hunt Real Estate Era
Buyer's Agent
Taylor Tagliamonte
Hunt Real Estate Era
List Price
$54,900
Sold Price
$60,000
Premium/Discount to List
$5,100
9.29%
Views
123
Current Estimated Value
$102,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,127
Avg. Annual Appreciation
33.10%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nazar Saba $60,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $60,000 +9.3% $26 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $54,900 -- $24 / 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 -- $45,000 $3,100 $41,900
2023 $1,175 $45,000 $3,100 $41,900
2022 $1,204 $45,000 $3,100 $41,900
2021 $1,204 $45,000 $3,100 $41,900
2020 $1,273 $45,000 $3,100 $41,900
2019 $1,266 $48,400 $3,100 $45,300
2018 $1,266 $48,400 $3,100 $45,300
2017 $918 $48,400 $3,100 $45,300
2016 $1,225 $48,400 $3,100 $45,300
2015 -- $48,400 $3,100 $45,300
2014 -- $48,400 $3,100 $45,300
Source: Public Records

Agents Affiliated with this Home

  • Wanque Green

    Seller's Agent in 2023

    Wanque Green

    Hunt Real Estate

    (315) 447-2419

    12 in this area

    41 Total Sales

    Wanque Green
    Section Image
  • Taylor Tagliamonte

    Buyer's Agent in 2023

    Taylor Tagliamonte

    Hunt Real Estate

    (315) 430-2371

    34 in this area

    97 Total Sales

    Taylor Tagliamonte
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1481062

Central New York Information Services

APN: 311500-077-000-0024-033-000-0000

New York Onondaga County Syracuse 13205 Southside

162 Fernwood Ave, Syracuse, NY

This home is located at 162 Fernwood Ave, Syracuse, NY 13205 since 29 June 2023 and is currently estimated at $102,127, approximately $44 per square foot. This property was built in 1920. 162 Fernwood Ave is a home located in Onondaga County with nearby schools including McKinley-Brighton Elementary School, Brighton Academy, and Corcoran High School.

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