NOT LISTED FOR SALE

18 Terrace St Alfred, NY 14802

Estimated Value: $124,000 - $221,000

4 Beds
3 Baths
2,734 Sq Ft
$59/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $110,000 $40 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,051/month

12 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Rectangular Lot
  • Forced Air Cooling System
  • High Speed Internet

About This Home

As of August 2021

Three unit apartment near AU campus Grandfathered zoning for r-3 ; Two 2 bedrooms one efficiency.
Shared driveway. Leases in place for next school year.
Two apartments have 2 bedrooms, living room , kitchen and bath. One apartment is two rooms- kitchen/dining; living/bedroom with small bath.

Last Agent to Sell the Property

Shaune Henry

Listing by Hunt Real Estate ERA License #30HE0499719 Listed on: 05/28/2021

Hunt Real Estate ERA

Last Buyer's Agent

Judy Clark

Listing by Hunt Real Estate ERA License #40CL1144048

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,459

Year Built

  • Built in 1940

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 195 x 89
  • Rectangular Lot

Home Design

  • Metal Roof

Interior Spaces

  • 2,734 Sq Ft Home
  • 2.5-Story Property

Flooring

  • Wood
  • Vinyl

Basement

  • Walk-Out Basement
  • Partial Basement

Location

  • Property is near a bus stop

Schools

  • Alfred-Almond Elementary School
  • Alfred-Almond Junior-Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes grounds maintenance, lawn maintenance
  • Tax Lot 38
  • Assessor Parcel Number 022001-164-011-0001-038-000-0000

Community Details

Overview

  • 3 Units
  • Pultney Estate & Phelps & Community
  • Pultney Estate & Phelps & Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $22,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,459

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Alfred-Village-022001
  • Total Assessed Value: 85500
  • Gross Annual Income: 22000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 195
  • Lot Dimension Front: 89
  • Lot Information: Near Bus Line, Neighborhood Street, Secondary Road
  • Lot Number: 38
  • Lot Shape: Rectangular
  • Nearest Cross Street: Sayles
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 379310.34
  • Ratio Close Price By Sq Ft: 40.23
  • Ratio List Price By Acres: 410344.83
  • Ratio List Price By Sq Ft: 43.53
  • Regional Board Code: Rochester
  • Rent Includes: Grounds Maintenance, Lawn Maintenance
  • Roof Description: Metal
  • School Tax: 2435
  • Sub Board Code: Rochester
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Village: Alfred-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 12632
  • Age of Building: 82
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 2734
  • Directions To Property: From South Main street Alfred, turn up Terrace Street, property on the right.
  • Sq Ft Total Pub: 2734
  • Subdivision Comm Complex: Pultney Estate & Phelps &
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1940

Interior Features

  • Additional Interior Features: Circuit Breakers - Some
  • Attic Description: Stair Access
  • Basement Description: Exterior Walkout, Partial
  • Floor Description: Hardwood-Some, Vinyl-Some, Wood-Some
  • Total Sq Ft: 2734

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.2900

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Wall Furnace
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Alfred-Almond
  • Elementary School: Alfred-Almond Elementary
  • High School: Alfred-Almond Junior-Senior High

Lot Info

  • Parcel Number: 022001-164-011-0001-038-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 5459

MLS Schools

  • Elementary School Name: Alfred-Almond Elementary
  • High School Name: Alfred-Almond Junior-Senior High
  • School District Name: Alfred-Almond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 27, 2021
Sold by
Hart Jadwin
Bought by
Duke Cameron M and Duke Mega M
Seller's Agent
Shaune Henry
Hunt Real Estate ERA
Buyer's Agent
Judy Clark
Hunt Real Estate ERA
List Price
$119,000
Sold Price
$110,000
Premium/Discount to List
-$9,000
-7.56%
Current Estimated Value
$161,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,234
Avg. Annual Appreciation
13.18%
Original Mortgage
$82,500
Outstanding Balance
$75,882
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$103,494

Purchase Details

Closed on
Dec 23, 2016
Sold by
Costello Kim R
Bought by
Hart Jadwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 1996
Sold by
Schon Anthony J
Bought by
Costello Kim R
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
Duke Cameron M $110,000 None Available
Hart Jadwin $82,500 None Available
Costello Kim R $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duke Cameron M $82,500
Previous Owner Hart Jadwin $57,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $110,000 -7.6% $40 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $119,000 +44.2% $44 / Sq Ft
03/27/2017 03/27/17 Sold $82,500 -16.7% $30 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $99,000 -- $36 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $5,625 $85,500 $6,175 $79,325
2023 $5,609 $85,500 $6,175 $79,325
2022 $5,458 $85,500 $6,175 $79,325
2021 $4,131 $85,500 $6,175 $79,325
2020 $5,468 $85,500 $6,175 $79,325
2019 $5,833 $85,500 $6,175 $79,325
2018 $5,833 $85,500 $6,175 $79,325
2017 $5,794 $90,000 $6,500 $83,500
2016 $6,525 $109,600 $6,500 $103,100
2015 -- $109,600 $6,500 $103,100
2014 -- $109,600 $6,500 $103,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1340296

Upstate New York Real Estate Information Services (UNYREIS)

APN: 022001-164-011-0001-038-000-0000