NOT LISTED FOR SALE

2 Clermont Ln Saugerties, NY 12477

Estimated Value: $427,000 - $479,000

3 Beds
3 Baths
2,240 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $160,000 $71 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $2,917/month

162 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • Subterranean Parking
  • Wood Flooring
  • No HOA
  • Eat-In Kitchen

About This Home

As of October 2019

3 family money maker in the Village of Saugerties with seasonal views of the Esopus Creek All three units with 1 Bedroom each, the lower level has potential of additional rent from the garage. All 3 apartments have hardwood floors in all rooms except the kitchen and bath. Some of the windows have been replaced. With a little TLC the rents could be raised to market value to increase the current cap rate. There are 3 electric meters as the landlord pays the electric for the first floor unit along with common areas. Landlord pays heat as there is one furnace. There are laundry hookups on the first floor if you want to add coin-op machines. Being sold as is.

Last Agent to Sell the Property

Michael Barros

Win Morrison Realty License #10401299156 Listed on: 04/29/2019

Co-Listed By

Alan Kessler

Past Member License #10301215941

Last Buyer's Agent

Anne Bloom

Past Member License #10401259889

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,344

Year Built

  • Built in 1930

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Steep Slope

Parking

  • 1 Car Garage
  • Subterranean Parking
  • Driveway
  • Off-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Asbestos

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Wood
  • Linoleum

Attic

  • Storage In Attic

Schools

  • Cahill K-6 Elementary School

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating

Additional Features

  • Water Views
  • Washer Hookup
  • Partial Basement
  • Patio

Listing and Financial Details

  • The owner pays for insurance, management, oil, sewer, taxes, water
  • Legal Lot and Block 3.210 / 3

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $1,863
  • Insurance Expense $1,921
  • New Taxes Expense $5,193
  • Net Operating Income $14,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,344

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1930
  • Property Sub-Type: Triplex
  • Lot Size Acres: 0.18
  • Road Surface Type: Gravel
  • View Type:Pond View: Water, Other
  • Co List Office Mls Id: WINS
  • Co List Office Phone: 845-246-3300
  • Co List Office Phone: 845-339-1144
  • MLS Status: Closed
  • Architectural Style: Other
  • Master Plan Zoning: Res-1 -06-
  • Location Tax and Legal:Tax Block: 3
  • General Property Information Lot Size Acres: 0.18
  • General Property Information Lot Size Dimensions: .18 a
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Linoleum: Yes
  • Income And Expenses New Taxes Expense: 5193.0
  • Income And Expenses Cap Rate: 7.0
  • Gross Scheduled Income: 26700.0
  • Income And Expenses Fuel Expense: 1863.0
  • Cooling:None6: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • View Water3: Yes
  • Laundry Features Washer Hookup: Yes
  • Road Surface Type Gravel2: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other, Refrigerator, Range
  • Interior Amenities: Eat-in Kitchen
  • Basement: Concrete, Partial, Unfinished
  • Flooring: Hardwood, Linoleum
  • Basement:Partial: Yes
  • Appliances Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Attic Features:Storage Only: Yes
  • Basement:Concrete: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Asbestos, Frame
  • Patio And Porch Features: Patio
  • Construction Materials:Frame: Yes
  • Lot Features:Corner Lot: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Asbestos: Yes
  • Lot Features:Steep Slope: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Attached Garage: No
  • Parking Features: Other, Underground, Off Street, Driveway
  • General Property Information:Garage YN: No
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Underground2: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Oil, Zoned
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Oil: Yes
  • Heating:Zoned2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: Corner Lot, Steep Slope
  • Lot Dimensions: .18 a
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Management, Oil, Sewer, Taxes, Water
  • Tenant Pays: All Utilities, Electricity, Trash Collection

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 600.0
  • Insurance Expense: 1921.0
  • Net Operating Income: 14140.0

Tax Info

  • New Taxes Expense: 5193.0
  • Tax Block: 3
  • Tax Lot: 3.210

MLS Schools

  • Elementary School: Cahill K-6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2020
Sold by
Frissell Kathleen J
Bought by
Bloom Anne
Current Estimated Value
$452,333

Purchase Details

Closed on
Jan 4, 2011
Sold by
Richards Frank
Bought by
Frizzell Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,036
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2001
Sold by
Werner David
Bought by
Richards Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,380
Interest Rate
7%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Bloom Anne $160,000 None Available
Frizzell Kathleen J $169,900 None Available
Richards Frank $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frizzell Kathleen J $165,036
Previous Owner Richards Frank W $92,000
Previous Owner Richards Frank $70,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $160,000 -10.6% $71 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $179,000 -- $80 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $6,344 $270,000 $70,000 $200,000
2023 $5,824 $236,500 $70,000 $166,500
2022 $5,337 $197,000 $70,000 $127,000
2021 $5,308 $166,500 $63,500 $103,000
2020 $5,221 $150,000 $57,000 $93,000
2019 $5,197 $150,000 $57,000 $93,000
2018 $5,090 $145,500 $57,000 $88,500
2017 $5,193 $145,500 $57,000 $88,500
2016 $4,293 $145,500 $57,000 $88,500
2015 -- $145,500 $58,500 $87,000
2014 -- $145,500 $58,500 $87,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20191541

Hudson Valley Catskills Region Multiple List Service

APN: 4801-018.062-0003-003.210-0000