NOT LISTED FOR SALE

18 Spring St Adams, NY 13605

Estimated Value: $99,000 - $171,000

6 Beds
3 Baths
2,592 Sq Ft
$50/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $30,000 $12 Per Sq Ft

Est. 329% increase in value since last sale

Current estimated payment $909/month

232 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Forced Air Heating System

About This Home

As of January 2025

Check out this value add triplex located in downtown Adams just off 81 and close to all the amenities. With some great TLC this property could be generating over $2500/month OR you could live in one unit and live for free while the other units pay off your mortgage so you're gaining equity. This would be a great long term play to add to or start your portfolio! This investment property can be a huge asset with a cost segregation study, cash flow and build your net worth. Or how house hacking works! Schedule your appointment today.

Last Agent to Sell the Property

Joseph Murtha

Listing by North Star Real Estate & Property Management License #10401340808 Listed on: 05/22/2024

Last Buyer's Agent

Jennifer Euler

Listing by Tug Hill Real Estate License #10301221148

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 4,560 Sq Ft Lot
  • Lot Dimensions are 48x95

Parking

  • Gravel Driveway

Home Design

  • Triplex
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Pull Down Stairs to Attic
  • Washer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Gas
  • PEX Plumbing
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • 3 Separate Gas Meters

Listing and Financial Details

  • Rent includes water
  • Tax Lot 44
  • Assessor Parcel Number 222001-112-036-0004-044-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks, Water
  • Year Built: 1939
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: From Watertown take I-81S to NY178E/W Church St (Exit 41), continue on NY-178E/W Church St to Spring St
  • Architectural Style: Triplex
  • Flooring: Carpet, Hardwood, Laminate, Varies, Vinyl
  • Interior Features: Pull Down Attic Stairs
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplaces: 2
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1047
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing, PEX Plumbing

Garage/Parking

  • Parking Features: Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air, Space Heater
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: South Jefferson

Lot Info

  • Parcel Number: 222001-112-036-0004-044-000
  • Lot Dimensions: 48X95
  • Lot Size Sq Ft: 4560.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 2961.0
  • Tax Lot: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jan 10, 2025
Sold by
Ewald Maryann
Bought by
Bespin Rentals Llc
Seller's Agent
Joseph Murtha
North Star Real Estate & Property Management
Buyer's Agent
Jennifer Euler
Tug Hill Real Estate
List Price
$100,000
Sold Price
$30,000
Premium/Discount to List
-$70,000
-70%
Views
37
Current Estimated Value
$128,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,667
Avg. Annual Appreciation
300.16%

Purchase Details

Closed on
May 6, 2024
Sold by
Ewald Benjamin F
Bought by
Ewald Maryann

Purchase Details

Closed on
Apr 24, 2003
Sold by
Parent Mark
Bought by
Ewald Benjamin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bespin Rentals Llc $30,000 None Listed On Document
Ewald Maryann $851,250 None Listed On Document
Ewald Benjamin $54,550 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $30,000 -25.0% $12 / Sq Ft
10/14/2024 10/14/24 Price Changed $40,000 -33.3% $15 / Sq Ft
09/13/2024 09/13/24 Price Changed $60,000 -25.0% $23 / Sq Ft
08/13/2024 08/13/24 Price Changed $80,000 -11.1% $31 / Sq Ft
06/21/2024 06/21/24 Price Changed $90,000 -10.0% $35 / Sq Ft
05/22/2024 05/22/24 For Sale $100,000 -- $39 / 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 $2,881 $105,000 $10,800 $94,200
2023 $2,961 $105,000 $10,800 $94,200
2022 $2,978 $105,000 $10,800 $94,200
2021 $2,969 $105,000 $10,800 $94,200
2020 $2,975 $105,000 $10,800 $94,200
2019 $3,469 $105,000 $10,800 $94,200
2018 $3,469 $105,000 $10,800 $94,200
2017 $2,856 $105,000 $10,800 $94,200
2016 $2,839 $105,000 $10,800 $94,200
2015 -- $105,000 $10,800 $94,200
2014 -- $98,000 $10,800 $87,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Jefferson-Lewis Board of REALTORS®

MLS Number: S1540240

Jefferson-Lewis Board of REALTORS®

APN: 222001-112-036-0004-044-000