NOT LISTED FOR SALE

1887 Ridge Rd Webster, NY 14580

Estimated Value: $326,000 - $399,000

5 Beds
2 Baths
2,243 Sq Ft
$158/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $285,000 $127 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,630/month

3 Days on Market

Highlights

  • Deck
  • Full Attic
  • Thermal Windows
  • Willink Middle School Rated A-
  • Balcony
  • Forced Air Cooling System

About This Home

As of July 2021

EXTREMELY RARE & PROFITABLE INVESTMENT OPPORTUNITY WITH FOUR REVENUE STREAMS! REMARKABLE CASH FLOW AND IN IMPECCABLE CONDITION! THIS PROPERTY FEATURES A TWO FAMILY HOUSE WITH A THREE BEDROOM UNIT AS OF JUNE 1 WILL BE RENTED AT $1,550 AND A TWO BEDROOM UNIT RENTED AT $1,000. A BARN THAT CAN FIT 2-3 CARS OR USED AS WORKSHOP IS CURRENTLY RENTED AT $350 A MONTH, THIS DOES NOT INCLUDE THE ENTIRE STORAGE LOFT. LASTLY A PARKING LOT THAT IS RENTED FOR $2,652.25 A YEAR. MONTHLY CASH FLOW IS APPROXIMATELY $3,121. THE HOUSE FEATURES LITTLE TO NO MAINTENANCE WITH VINYL SIDING AND A NEWER METAL ROOF, PLUS SEPARATE UTILITIES & LAUNDRY FOR EACH UNIT! ENTIRE SECOND FLOOR UNIT IS REMODELED INCLUDING THE ELECTRIC! GREAT FENCED-IN YARD FOR OUTDOOR SPACE AND TONS OF OFF-STREET PARKING! NEW VINYL SIDING ON THE BARN! THIS INVESTMENT PROPERTY IS COMPLETELY RENTED WITH EXCEPTIONAL CASH FLOW AND A HIGH CAP RATE! DELAYED SHOWINGS UNTIL FRIDAY, 4/30/21 @ 5PM.  SHOWING SCHEDULE FRIDAY, APRIL 30TH 5-6PM, SATURDAY, MAY 1ST 12-2PM, SUNDAY, MAY 2ND 12-2PM.  DELAYED NEGOTIATION, ALL OFFERS REVIEWED MONDAY, MAY 3RD @ 10AM.

Last Agent to Sell the Property

Rich Testa

Listing by Howard Hanna License #10301208036 Listed on: 04/28/2021

Howard Hanna

Co-Listed By

Rob Testa

Listing by Howard Hanna License #10301217194

Last Buyer's Agent

Nicolas Domicello

Listing by NextHome Endeavor License #10401335749

NextHome Endeavor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,582

Year Built

  • Built in 1900

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 214 x 64
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Metal Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 2,243 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Full Attic

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Crawl Space

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Stone Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Rent includes grounds maintenance, lawn maintenance, refuse removal, snow removal, water
  • Tax Lot 35
  • Assessor Parcel Number 265489-081-010-0001-035-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $37,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,582

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Webster-265489
  • Total Assessed Value: 112300
  • Foundation Description: Stone
  • Gross Annual Income: 37452
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 214
  • Lot Dimension Front: 64
  • Lot Number: 35
  • Lot Shape: Rectangular
  • Nearest Cross Street: County Line Road
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 570000.00
  • Ratio Close Price By Sq Ft: 127.06
  • Ratio List Price By Acres: 559800.00
  • Ratio List Price By Sq Ft: 124.79
  • Regional Board Code: Rochester
  • Rent Includes: Grounds Maintenance, Lawn Maintenance, Refuse Removal, Snow Removal, Water
  • Roof Description: Asphalt, Metal
  • School Tax: 2942
  • Sub Board Code: Rochester
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 21780
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2243
  • Directions To Property: From NY-590 N. Take exit 10B to merge onto NY-104 E toward Webster. Drive to Ridge Rd. Turn right onto Basket Rd. Turn left onto NY-404 E/Ridge Rd. Continue to follow Ridge Rd. Property will be on the right
  • Sq Ft Total Pub: 2243
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Sump Pump
  • Attic Description: Full
  • Basement Description: Crawl Space, Full
  • Floor Description: Ceramic-Some, Tile-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2243

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Balcony, Cable TV Available, Deck, Garage Door Opener, High Speed Internet, Partially Fenced Yard, Patio, Thermal Windows - Some
  • Number of Acres: 0.5000

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Webster

Lot Info

  • Parcel Number: 265489-081-010-0001-035-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5582

MLS Schools

  • School District Name: Webster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 9, 2021
Sold by
Bayley Jason A
Bought by
Poliszuk Stephen
Seller's Agent
Rich Testa
Howard Hanna
Buyer's Agent
Nicolas Domicello
NextHome Endeavor
List Price
$279,900
Sold Price
$285,000
Premium/Discount to List
$5,100
1.82%
Current Estimated Value
$355,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,663
Avg. Annual Appreciation
3.54%
Original Mortgage
$220,000
Outstanding Balance
$173,782
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$154,669

Purchase Details

Closed on
Aug 4, 2011
Sold by
Morin Lucien A and Hall James C
Bought by
Bayley Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,958
Interest Rate
4.51%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 5, 1999
Sold by
Lutrario Sandra M
Bought by
Hall James C
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
Poliszuk Stephen $285,000 Webtitle Agency
Bayley Jason A $120,000 None Available
Hall James C $100,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poliszuk Stephen $220,000
Previous Owner Bayley Jason A $116,958
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2021 07/22/21 Sold $285,000 +1.8% $127 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $279,900 -- $125 / 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 $8,321 $165,300 $31,500 $133,800
2023 $8,321 $165,300 $31,500 $133,800
2022 $5,686 $112,300 $31,500 $80,800
2021 $5,649 $112,300 $31,500 $80,800
2020 $4,945 $112,300 $31,500 $80,800
2019 $4,481 $112,300 $31,500 $80,800
2018 $4,673 $112,300 $31,500 $80,800
2017 $4,450 $112,300 $31,500 $80,800
2016 $4,481 $112,300 $31,500 $80,800
2015 -- $112,300 $31,500 $80,800
2014 -- $112,300 $31,500 $80,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: R1332820

Upstate New York Real Estate Information Services (UNYREIS)

APN: 265489-081-010-0001-035-000