NOT LISTED FOR SALE

18 Institute St Franklin, NY 13775

Estimated Value: $137,827 - $205,000

5 Beds
3.5 Baths
2,840 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $75,000 $26 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,109/month

289 Days on Market

Highlights

  • Barn
  • Porch
  • Baseboard Heating
  • Wood Flooring

About This Home

As of October 2015

Money making potential or owner occupied - 2 units with long term tenants and potential for 3 unit expansion. Live in apartment and rent 2 others. Updates include new roof and vinyl replacement windows. Located across from Franklin Central School.

Last Agent to Sell the Property

Leanne McCormack

Listing by BlueSky Properties License #10491209448 Listed on: 10/29/2014

Last Buyer's Agent

Leanne McCormack

Listing by BlueSky Properties License #10491209448 Listed on: 10/29/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,458

Year Built

  • Built in 1910

Lot Details

  • 0.25

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,840 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Baseboard Heating
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Porch
  • 0.25 Acre Lot
  • Barn

Community Details

  • Gross Income $14,400

Listing and Financial Details

  • Assessor Parcel Number 97.12-2-19

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,458

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding
  • NY Swis Code: Franklin-123289
  • Total Assessed Value: 75000
  • Construction: Frame
  • Foundation Description: Stone
  • Gross Annual Income: 14400
  • Listing Type: Exclusive Right To Sell
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 300000.00
  • Ratio Close Price By Sq Ft: 26.41
  • Ratio List Price By Acres: 396000.00
  • Ratio List Price By Sq Ft: 34.86
  • Regional Board Code: Rochester
  • Roof Description: Asphalt, Shingles
  • School Tax: 1228
  • Sub Board Code: Otsego-Delaware
  • Lot Sq Ft: 10890
  • Age of Building: 113
  • Year Built: 1910
  • Directions To Property: From Franklin village center, turn by firehouse. First house on the right. House number reads 47.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Additional Rooms: Porch - Open
  • Basement Description: Full
  • Floor Description: Carpet, Vinyl-Some, Wood-Some
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Total Sq Ft: 2840

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.2500

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Baseboard, Hot Water
  • Number of Heating Units: 1
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Schools

  • School District: Franklin

Lot Info

  • Parcel Number: 97.12-2-19

Tax Info

  • Total Taxes: 2458

MLS Schools

  • School District Name: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2014
Closed on
Oct 30, 2015
Sold by
Terrano James J
Bought by
Pavlicek Dennis
Seller's Agent
Leanne McCormack
BlueSky Properties
Buyer's Agent
Leanne McCormack
BlueSky Properties
List Price
$99,000
Sold Price
$75,000
Premium/Discount to List
-$24,000
-24.24%
Current Estimated Value
$167,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,207
Avg. Annual Appreciation
8.41%
Original Mortgage
$60,000
Outstanding Balance
$47,337
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,870

Purchase Details

Listed on
Oct 29, 2014
Closed on
Sep 4, 2015
Sold by
Terrano James
Bought by
Terrano James
Seller's Agent
Leanne McCormack
BlueSky Properties
Buyer's Agent
Leanne McCormack
BlueSky Properties
List Price
$99,000
Sold Price
$75,000
Premium/Discount to List
-$24,000
-24.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$47,337
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,870

Purchase Details

Closed on
Jun 19, 2006
Sold by
Terrano James J Joseph J
Bought by
Franklin Fire Dept. And E Mergency Squad Inc

Purchase Details

Closed on
Jun 9, 2005
Sold by
Devine Philip J
Bought by
Terrano James J

Purchase Details

Closed on
Sep 5, 2001
Sold by
Devine Arlene C
Bought by
Philip Devine
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
Pavlicek Dennis $75,000 Paul Mollias
Terrano James -- Timothy Johnson
Franklin Fire Dept. And E Mergency Squad Inc -- Bruce Mc Keegan
Terrano James J $65,000 Philip Devine
Philip Devine $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pavlicek Dennis $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2015 10/30/15 Sold $75,000 -24.2% $26 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
10/29/2014 10/29/14 For Sale $99,000 -- $35 / Sq Ft
Source: Otsego-Delaware 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 $2,659 $82,000 $16,000 $66,000
2023 $2,618 $82,000 $16,000 $66,000
2022 $2,546 $82,000 $16,000 $66,000
2021 $2,579 $82,000 $16,000 $66,000
2020 $2,709 $75,000 $8,000 $67,000
2019 $2,614 $75,000 $8,000 $67,000
2018 $2,614 $75,000 $8,000 $67,000
2017 $2,502 $75,000 $8,000 $67,000
2016 $2,528 $75,000 $8,000 $67,000
2015 -- $75,000 $8,000 $67,000
2014 -- $75,000 $8,000 $67,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Leanne McCormack

    BlueSky Properties

    (607) 287-8965

    55 Total Sales

    Leanne McCormack
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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: OD97327

Otsego-Delaware Board of REALTORS®

APN: 123201-097-012-0002-019-000

New York Delaware County Franklin 13775

18 Institute St, Franklin, NY

This home is located at 18 Institute St, Franklin, NY 13775 since 29 October 2014 and is currently estimated at $167,207, approximately $58 per square foot. This property was built in 1910. 18 Institute St is a home located in Delaware County with nearby schools including Franklin Central School.

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