NOT LISTED FOR SALE

196 Main St Salem, NY 12865

Estimated Value: $217,802

Studio
3 Baths
8,640 Sq Ft
$25/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $119,000 $14 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,453/month

457 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Heating Available
  • Brick Veneer

About This Home

As of November 2015

This historic building has been meticulously maintained and features retail space, office space, 2 beautiful apartments with hardwood floors and lovely moldings, and open studio space on the third floor. Private parking and fully rented.

Last Agent to Sell the Property

Christine Preble

Preble Realty, LLC Listed on: 06/04/2014

Last Buyer's Agent

Christine Preble

Preble Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,284

Year Built

  • Built in 1890

Lot Details

  • 6,098

Home Design

  • 8,640 Sq Ft Home
  • Brick Veneer
  • Wood Siding
  • Clapboard

Schools

  • Salem Elementary School
  • Salem High School

Utilities

  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for hot water
  • The owner pays for sewer, water, electricity, heat
  • Legal Lot and Block 32 / 1
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Insurance Expense $5,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,284

Year Built

Built in 1890

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Commercial
  • Year Built: 1890
  • Directions: Main St. in Salem, 4rth building north of the stop light
  • Above Grade Finished Sq Ft: 8640.0
  • Financial Details Full Market Assessment: 136842
  • Lot Size: 40 x 164 x x
  • Income And Expenses Maintenance Expense: 8647.0
  • Income And Expenses Heat Expense Est: 8168.0
  • Income: 30270.0
  • Special Features: None

Interior Features

  • Living Area: 8640.0
  • Owner Pays: Sewer, Water, Electricity, Heat

Exterior Features

  • Roof: See Remarks
  • Construction Type: Clapboard, Brick Veneer, Wood Siding
  • Waterfront Features: None
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:None19: Yes
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Clapboard2: Yes

Utilities

  • Sewer: Other, Septic Tank
  • Heating: Other, See Remarks
  • Water Source: Public
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Other46: Yes
  • Heating:See Remarks22: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Insurance Expense: 5507.0
  • Number Of Units Total: 7
  • Maintenance Expense: 8647.0

Tax Info

  • Tax Annual Amount: 4284.0
  • Tax Block: 1
  • Tax Lot: 32

MLS Schools

  • Elementary School: Salem
  • HighSchool: Salem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2014
Closed on
Nov 6, 2015
Sold by
196 Building Corporation
Bought by
Albano Daniel
Seller's Agent
Christine Preble
Preble Realty, LLC
Buyer's Agent
Christine Preble
Preble Realty, LLC
List Price
$159,000
Sold Price
$119,000
Premium/Discount to List
-$40,000
-25.16%
Current Estimated Value
$217,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,802
Avg. Annual Appreciation
6.04%

Purchase Details

Closed on
May 16, 2006
Sold by
Tomasini Lawrence
Bought by
196 Building Corp

Purchase Details

Closed on
Oct 28, 2003
Sold by
Sacrider Angela
Bought by
Tomasini Lawrence
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Albano Daniel $119,000 Donald P. Mcphee
Albano Daniel $119,000 Donald P. Mcphee
196 Building Corp $77,500 Alan Wrigley
196 Building Corp $77,500 Alan Wrigley
Tomasini Lawrence -- Don Mcphee
Tomasini Lawrence -- Don Mcphee
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2015 11/17/15 Sold $119,000 -25.2% $14 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
06/04/2014 06/04/14 For Sale $159,000 -- $18 / Sq Ft
Source: Global MLS

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 $4,025 $140,000 $8,600 $131,400
2023 $3,965 $140,000 $8,600 $131,400
2022 $3,940 $140,000 $8,600 $131,400
2021 $4,258 $78,000 $4,000 $74,000
2020 $4,174 $78,000 $4,000 $74,000
2019 $4,135 $78,000 $4,000 $74,000
2018 $4,135 $78,000 $4,000 $74,000
2017 $6,353 $78,000 $4,000 $74,000
2016 $4,060 $78,000 $4,000 $74,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Christine Preble

    Preble Realty, LLC

See All Agents

Map

Source: Global MLS

MLS Number: 125828

Global MLS

APN: 534800-209-009-0001-032-000-0000

New York Washington County Salem 12865

196 Main St, Salem, NY

Not Listed for Sale

MultiFamily

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