NOT LISTED FOR SALE

1623 State St Watertown, NY 13601

Estimated Value: $289,940

-- Bed
-- Bath
4,647 Sq Ft
$62/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $150,000 $32 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,756/month

98 Days on Market

Highlights

  • Full Attic
  • Woodwork
  • Wall to Wall Carpet
  • Corner Lot
  • Wood Burning Fireplace
  • Heating System Uses Gas

About This Home

As of June 2021

Calling all Investors! This 4 unit commercial/residential property is located on a high traffic volume street. The location is perfect for a business to move into and is neighbored by dozens of other offices and businesses. This 4 unit property currently has a long term tenant that operates a hair salon. The basement of the building is also being utilized by a massage therapist. The commercial office facing State St is currently vacant, but was used as a photography studio for many years. The spacious upstairs apartment could be set up for a 3 bdrm and 2 bath apartment. There is massive potential for this property and it could be a perfect fit for a medical office, a new business, or even being owner occupied and having the 3 commercial units pay for your mortgage and boost your income! There is plenty of parking on this lot. The insurance office in the rear splits snow plowing in the winter.

Last Agent to Sell the Property

Jamie Wood

Listing by North Star Real Estate & Property Management License #10401342827 Listed on: 10/24/2020

Last Buyer's Agent

Amanda Miller

Listing by Lake Ontario Realty, LLC License #49MI0953024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,278

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 92 x 120
  • Corner Lot
  • Rectangular Lot

Home Design

  • Mixed Use
  • Block Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 4,647 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Full Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes electric, grounds maintenance, heat, snow removal, water
  • Assessor Parcel Number 221800-005-000-0015-201-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,278

Year Built

Built in 1960

Lot Details

0

Listing Details

  • NY Swis Code: Watertown-City-221800
  • Total Assessed Value: 228400
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 92
  • Lot Dimension Front: 120
  • Lot Information: Commercial Zoning, Corner Lot
  • Lot Shape: Rectangular
  • Nearest Cross Street: Monroe Ave.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 591949.49
  • Ratio Close Price By Sq Ft: 32.28
  • Ratio List Price By Acres: 650749.80
  • Ratio List Price By Sq Ft: 35.49
  • Regional Board Code: Syracuse
  • Rent Includes: Electric, Grounds Maintenance, Heat, Snow Removal, Water
  • Roof Description: Asphalt
  • School Tax: 2406
  • Sub Board Code: Jefferson-Lewis Board
  • Type of Residence: 4 Unit, Mixed Use
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 11040
  • Age of Building: 62
  • Year Built: 1960
  • Directions To Property: Heading East on State St property is located at the corner of Monroe St and State St.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some, Storage, Sump Pump
  • Attic Description: Full, Stair Access
  • Basement Description: Full, Partially Finished
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Number of Fireplaces Total Calculated: 1
  • Number of Fireplaces Woodburning: 1
  • Total Sq Ft: 4647

Exterior Features

  • Construction: Brick, Wood
  • Number of Acres: 0.2534

Garage/Parking

  • Number of Electric Meters: 1
  • Parking Driveway: 2 or More Spaces, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water, Wall A/C Units-Some
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Lot Info

  • Parcel Number: 221800-005-000-0015-201-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 6278

MLS Schools

  • School District Name: Watertown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2020
Closed on
Jun 17, 2021
Sold by
Watertown Concrete Inc
Bought by
Beyond Gift Baskets Llc
Seller's Agent
Jamie Wood
North Star Real Estate & Property Management
Buyer's Agent
Amanda Miller
Lake Ontario Realty, LLC
List Price
$164,900
Sold Price
$150,000
Premium/Discount to List
-$14,900
-9.04%
Current Estimated Value
$289,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,940
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
Beyond Gift Baskets Llc $150,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $150,000 -9.0% $32 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
10/24/2020 10/24/20 For Sale $164,900 -- $35 / Sq Ft
Source: Jefferson-Lewis Board of REALTORS®

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 $2,771 $151,600 $34,100 $117,500
2023 $1,118 $151,600 $34,100 $117,500
2022 $1,842 $151,600 $34,100 $117,500
2021 $1,842 $228,400 $34,100 $194,300
2020 $1,829 $228,400 $34,100 $194,300
2019 $1,738 $228,400 $34,100 $194,300
2018 $1,973 $228,400 $34,100 $194,300
2017 $5,995 $228,400 $34,100 $194,300
2016 $5,995 $228,400 $34,100 $194,300
2015 -- $228,400 $34,100 $194,300
2014 -- $228,400 $34,100 $194,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Jefferson-Lewis Board of REALTORS®

MLS Number: S1294914

Jefferson-Lewis Board of REALTORS®

APN: 221800-005-000-0015-201-000-0000