NOT LISTED FOR SALE

18 Lutheran St Newburgh, NY 12550

Estimated Value: $301,000 - $348,000

6 Beds
2 Baths
2,322 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 19, 2024

Last sale price $260,000 $112 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,330/month

22 Days on Market

Highlights

  • Water Access
  • Victorian Architecture
  • Eat-In Kitchen
  • Property is near public transit
  • Balcony
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of January 2024

Multi-Family Listing in Newburgh, Get the chance to own or rent out this rare Victorian style home. So many possibilities are available with a designer's creative vision. Calling all Investors, roll up your sleeves and make this shine. Many original features to love and adore for years to come. 2 units, with 3 bedrooms and 1 bath in each unit plus a bonus room. 2 separate balconies for each unit, large basement around with new furnace and water heater, 2 separate oil tanks and meters. Come see what this beautiful home has to offer. Don't mess the chance to view this gem.

Last Agent to Sell the Property

Delease Jenkins

RE/MAX Town & Country Brokerage Phone: 845-765-6128 License #10401327032 Listed on: 11/06/2023

RE/MAX Town & Country

Last Buyer's Agent

Sammy Zambrano

Keller Williams Realty License #10401277952

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,623

Year Built

  • Built in 1900

Lot Details

  • 2,448 Sq Ft Lot
  • No Common Walls
  • Fenced

Parking

  • On-Street Parking

Home Design

  • 2,322 Sq Ft Home
  • Victorian Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Access
  • Balcony

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Heritage Middle School
  • Newburgh Free Academy High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Oil

Additional Features

  • Eat-In Kitchen
  • Property is near public transit
  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 331100-029-000-0008-001.000-0000

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,623

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Victorian
  • Property SubType: Multi Family
  • Year Built: 1900
  • Attribution Contact: 845-765-6128
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 6
  • Living Area: 2322
  • SquareFootage: 2322.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Waterfront Features: Water Access
  • Fencing: Fenced
  • Exterior Features: Balcony

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: On Demand
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Heritage Middle School

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2448
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 331100-029-000-0008-001.000-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 7623
  • Tax Map Number: 331100-029-000-0008-001.000-0000

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Jan 19, 2024
Sold by
Walker Hillary
Bought by
King Prospect Prop Llc
Seller's Agent
Delease Jenkins
RE/MAX Town & Country
Buyer's Agent
Sammy Zambrano
Keller Williams Realty
List Price
$290,000
Sold Price
$260,000
Premium/Discount to List
-$30,000
-10.34%
Views
60
Current Estimated Value
$317,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,517
Avg. Annual Appreciation
12.32%
Original Mortgage
$198,750
Outstanding Balance
$195,042
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$122,475

Purchase Details

Closed on
Aug 16, 2023
Sold by
Martin Ms L
Bought by
Walker Ms H
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
King Prospect Prop Llc $265,000 None Available
King Prospect Prop Llc $265,000 None Available
Walker Ms H -- None Available
Walker Ms H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Prospect Prop Llc $198,750
Closed King Prospect Prop Llc $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2024 01/19/24 Sold $260,000 -10.3% $112 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $290,000 -- $125 / Sq Ft
Source: OneKey® MLS

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 $7,767 $258,500 $23,200 $235,300
2023 $7,767 $235,000 $23,200 $211,800
2022 $7,623 $178,400 $11,200 $167,200
2021 $6,937 $148,700 $10,200 $138,500
2020 $2,766 $126,000 $10,200 $115,800
2019 $1,675 $78,500 $10,200 $68,300
2018 $1,675 $71,400 $10,900 $60,500
2017 $1,656 $67,400 $10,900 $56,500
2016 $2,020 $58,200 $10,900 $47,300
2015 -- $63,300 $10,900 $52,400
2014 -- $70,300 $10,900 $59,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6276140

OneKey® MLS

APN: 331100-029-000-0008-001.000-0000