NOT LISTED FOR SALE

2 Menlo Place Rochester, NY 14620

Estimated Value: $291,069 - $398,000

6 Beds
4 Baths
2,667 Sq Ft
$129/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2020

Last sale price $235,000 $88 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,008 / mo

21 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Forced Air Cooling System
  • Finished Attic
  • Corner Lot
  • Programmable Thermostat

About This Home

As of August 2020

Backing up to Highland Park, this grand 2-family home is a fantastic owner occupant opportunity or huge investment possibility, generating past realized rents of $3200 per month (could be higher) and priced at a 10.6% CAP Rate. This property would make a fantastic college rental and is within biking distance of UofR and Strong Hospital. Featuring old world charm, coupled with modern updates - this is a winner! The large 5 bedroom unit spans all 3 floors and includes 2.5 bathrooms, living room, dining room, large eat-in kitchen, and convenient 2nd floor laundry room. Attic has 3 bedrooms and another half bathroom that are part of the first unit. Second unit features a private entry from the parking lot, decorative fireplace, fresh paint and built-in storage. Mechanical features include a new High Eff Furnace. View the 3D model of this home and don't miss out on a great opportunity!

Last Agent to Sell the Property

Peter Zizzi

Listing by Tru Agent Real Estate License #10311208935 Listed on: 06/18/2020

Last Buyer's Agent

Karin Morabito

Listing by Real Broker NY LLC License #10401278012

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,716

Year Built

  • Built in 1896

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 95 x 46
  • Corner Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Stone Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,667 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Attic

  • Full Attic
  • Finished Attic

Location

  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Rent includes heat, refuse removal, water
  • Tax Lot 14
  • Assessor Parcel Number 261400-136-220-0001-014-000-0000

Community Details

Overview

  • 2 Units
  • John V Peacock Community
  • John V Peacock Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $12,116
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,716

Year Built

Built in 1896

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Annual Operating Expenses: 12116
  • NY Swis Code: Rochester City-261400
  • Total Assessed Value: 164500
  • Foundation Description: Stone
  • Gross Annual Income: 38400
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 95
  • Lot Dimension Front: 46
  • Lot Information: Corner Lot, Near Bus Line, Preservation District
  • Lot Number: 14
  • Nearest Cross Street: MT. HOPE
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2350000.00
  • Ratio Close Price By Sq Ft: 88.11
  • Ratio List Price By Acres: 2449000.00
  • Ratio List Price By Sq Ft: 91.83
  • Regional Board Code: Rochester
  • Rent Includes: Heat, Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 4442
  • Sub Board Code: Rochester
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 126
  • Year Built: 1896
  • Directions To Property: Left onto Menlo off of Mt. Hope traveling south, right onto Menlo off of Mt. Hope traveling north
  • Subdivision Comm Complex: John V Peacock
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1896

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Finished, Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Tile-Some, Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 2667

Exterior Features

  • Construction: Aluminum/Steel
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Programmable Thermostat
  • Number of Gas Meters: 2
  • Number of Heating Units: 1
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 261400-136-220-0001-014-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 6716

MLS Schools

  • School District Name: Rochester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Aug 28, 2020
Sold by
2 Menlo Place Llc
Bought by
Dubuc Penny Christopher Patrick and Penny Lee
Seller's Agent
Peter Zizzi
Tru Agent Real Estate
Buyer's Agent
Karin Morabito
Real Broker NY LLC
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Current Estimated Value
$339,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,801
Avg. Annual Appreciation
7.06%
Original Mortgage
$176,250
Outstanding Balance
$153,903
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$190,864

Purchase Details

Listed on
Oct 22, 2015
Closed on
Dec 22, 2015
Sold by
Cimini Christopher R and Cimini Robert F
Bought by
2 Menlo Place Llc
Seller's Agent
Peter Zizzi
Tru Agent Real Estate
Buyer's Agent
Peter Zizzi
Tru Agent Real Estate
List Price
$210,000
Sold Price
$208,000
Premium/Discount to List
-$2,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.64%
Original Mortgage
$145,600
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2015
Closed on
Dec 14, 2015
Sold by
Mjs Development Of Monroe County Inc
Bought by
Cimini Christopher R and Cimini Robert F
Seller's Agent
Peter Zizzi
Tru Agent Real Estate
Buyer's Agent
Peter Zizzi
Tru Agent Real Estate
List Price
$210,000
Sold Price
$208,000
Premium/Discount to List
-$2,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2009
Sold by
Stevens Mark J
Bought by
Mjs Development Of Monroe County Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,900
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2009
Sold by
Angevine Catherine and Franklin William
Bought by
Stevens Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,900
Interest Rate
4.56%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Dubuc Penny Christopher Patrick $235,000 None Available
2 Menlo Place Llc -- None Available
Cimini Christopher R $208,000 None Available
Mjs Development Of Monroe County Inc -- None Available
Stevens Mark J $99,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dubuc Penny Christopher Patrick $176,250
Previous Owner Cimini Christopher R $145,600
Previous Owner Stevens Mark J $79,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2020 08/31/20 Sold $235,000 -4.0% $88 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $244,900 -2.0% $92 / Sq Ft
06/18/2020 06/18/20 For Sale $249,900 +20.1% $94 / Sq Ft
12/23/2015 12/23/15 Sold $208,000 -1.0% $74 / Sq Ft View Prior Sale
10/25/2015 10/25/15 Pending -- -- --
10/22/2015 10/22/15 For Sale $210,000 -- $75 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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
2025 $2,323 $235,000 $8,400 $226,600
2024 $2,323 $235,000 $8,400 $226,600
2023 $2,144 $173,000 $10,200 $162,800
2022 $2,066 $173,000 $10,200 $162,800
2021 $2,335 $173,000 $10,200 $162,800
2020 $2,275 $173,000 $10,200 $162,800
2019 $2,144 $164,500 $10,200 $154,300
2018 $4,342 $164,500 $10,200 $154,300
2017 $0 $164,500 $10,200 $154,300
2016 $2,144 $164,500 $10,200 $154,300
2015 $4,090 $145,000 $10,200 $134,800
2014 $4,090 $145,000 $10,200 $134,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: R1272006

Upstate New York Real Estate Information Services (UNYREIS)

APN: 261400-136-220-0001-014-000-0000

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