Seller's Agent in 2024
Karen Herdman
Landquest Inc.
(585) 610-0750
1 in this area
178 Total Sales
169 N 2nd St Allegany, NY 14706
Estimated Value: $126,000 - $170,000
4
Beds
2.5
Baths
1,970
Sq Ft
$72/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating System
- Baseboard Heating
- Corner Lot
- Ceiling Fan
- Wood Siding
About This Home
As of July 2024Discover this enticing investment opportunity with this multifamily home nestled in the heart of the Village of Allegany NY, Cattaraugus County.
Situated in a charming neighborhood, this property is ideal for savvy investors or for those seeking a dual living arrangement. This multifamily home sits on a spacious 0.25 acre corner lot offering ample space for residents to enjoy. With two apartments, each boasting its own private driveway, this property promises both convenience and potential for rental income.
Unit 1 is a downstairs unit that features 2 bedrooms, 1.5 baths, a kitchen, a separate dining area, and a spacious living room. Added convenience is the inclusion of a washer and dryer within this unit.
Unit 2 is an upstairs apartment that offers 2 bedrooms, 1 bath, a cozy eat-in kitchen and a nice size living room. Residents of this unit also benefit from a washer and dryer located in the basement.
This property showcases versatility with the flexibility to live in one unit while generating rental income from the other, or the potential to easily convert back to a single-family home.
Just a few miles down the road is Saint Bonaventure University.
Last Agent to Sell the Property
Listing by Landquest Inc. Brokerage Phone: 585.610.0750 License #10401332669 Listed on: 05/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,017
Year Built
- Built in 1880
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 95x112
- Corner Lot
Parking
- Paved Parking
Home Design
- Stone Foundation
- Wood Siding
Interior Spaces
- 1,970 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
Community Details
- 2 Units
- 1 Separate Gas Meter
Listing and Financial Details
- Assessor Parcel Number 042001-093-035-0001-009-001-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Jun 28, 2024
Sold by
C-Scholes Veronica L and Medler Scott A
Bought by
Williams Ryan M
Seller's Agent
Karen Herdman
Landquest Inc.
Buyer's Agent
Donald McIntosh
ERA Team VP Real Estate
List Price
$134,900
Sold Price
$125,000
Premium/Discount to List
-$9,900
-7.34%
Views
26
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
$16,104
Avg. Annual Appreciation
9.39%
Original Mortgage
$112,500
Outstanding Balance
$111,654
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$26,197
Purchase Details
Listed on
Aug 6, 2020
Closed on
Feb 4, 2021
Sold by
Yehl Stephen M
Bought by
Scholes Veronica L and Medler Scott A
Seller's Agent
Thomas Fenner
Real Estate Pros & More
Buyer's Agent
Thomas Fenner
Real Estate Pros & More
List Price
$99,900
Sold Price
$95,000
Premium/Discount to List
-$4,900
-4.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Purchase Details
Closed on
Jun 12, 2000
Sold by
Lippert James W and Lippert Janet Ann
Bought by
Yehl Stephen M
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 |
|---|---|---|---|
| Williams Ryan M | $125,000 | None Available | |
| Scholes Veronica L | $95,000 | None Available | |
| Scholes Veronica L | $95,000 | None Available | |
| Yehl Stephen M | $45,000 | Michael K Consedine | |
| Yehl Stephen M | $45,000 | Michael K Consedine |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Williams Ryan M | $112,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2024 07/11/24 | Sold | $125,000 | -7.3% | $63 / Sq Ft |
| 05/17/2024 05/17/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $134,900 | +42.0% | $68 / Sq Ft |
| 03/22/2021 03/22/21 | Sold | $95,000 | -4.9% | $48 / Sq Ft |
| 11/03/2020 11/03/20 | Pending | -- | -- | -- |
| 08/06/2020 08/06/20 | For Sale | $99,900 | -- | $51 / Sq Ft |
Source: Cortland County Board of REALTORS®
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 | $4,029 | $95,000 | $10,500 | $84,500 |
| 2023 | $4,028 | $95,000 | $10,500 | $84,500 |
| 2022 | $3,824 | $95,000 | $10,500 | $84,500 |
| 2021 | $3,092 | $95,000 | $10,500 | $84,500 |
| 2020 | $3,870 | $95,000 | $10,500 | $84,500 |
| 2019 | $1,410 | $95,000 | $10,500 | $84,500 |
| 2018 | $3,872 | $95,000 | $10,500 | $84,500 |
| 2017 | $3,611 | $80,000 | $6,500 | $73,500 |
| 2016 | $3,578 | $80,000 | $6,500 | $73,500 |
| 2015 | -- | $80,000 | $6,500 | $73,500 |
| 2014 | -- | $80,000 | $6,500 | $73,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Donald McIntosh
ERA Team VP Real Estate
(716) 244-8199
18 in this area
33 Total Sales
-
T
Seller's Agent in 2021
Thomas Fenner
Real Estate Pros & More
(716) 373-8971
5 in this area
31 Total Sales
Map
Source: Cortland County Board of REALTORS®
MLS Number: S1535343
APN: 042001-093-035-0001-009-001-0000
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