NOT LISTED FOR SALE

2 Rorbach Ln Geneseo, NY 14454

Estimated Value: $332,000 - $377,000

9 Beds
4 Baths
2,768 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $365,000 $132 Per Sq Ft

Current estimated payment $2,579/month

11 Days on Market

Highlights

  • Private Yard
  • Forced Air Cooling System
  • Accessible Bedroom
  • Thermal Windows
  • Tankless Water Heater
  • Ceramic Tile Flooring

About This Home

As of May 2023

Welcome to 2 Rorbach Lane! Investors, here is your dream turn-key duplex located in the heart of
the village. CASH COW! This college rental generates $48,810 for both semesters, not including the summer months. Close to Highland Park with a partially fenced-in yard and close to the SUNY Geneseo bus stop, this versatile duplex has it all. Unit 1 includes 4 bedrooms, 1 full bath and 1 half bath.
Unit 2 includes grandfathered 5 bedrooms, 1 full bath and 1 half bath. 9+ off street parking spots. Low maintenance college rental with updates throughout both units, including a new metal roof (2019), fully renovated kitchen and flooring in Unit 1 (2019), new carpet in Units 1 & 2 (2019), updated windows, vinyl siding and on-demand hot water in Unit 2. GROUP SHOWINGS SATURDAY 3/11 FROM 11:00-12:30 & TUESDAY 3/14 FROM 4:30-6:00PM. By appointment ONLY. Delayed Negotiations March 16th at 5PM.

Last Agent to Sell the Property

Anthony Scorsone

Listing by RE/MAX Plus License #10301201452 Listed on: 03/06/2023

RE/MAX Plus

Co-Listed By

Kelly Roche

Listing by RE/MAX Plus License #10301222567

Last Buyer's Agent

Anthony Scorsone

Listing by RE/MAX Plus License #10301201452 Listed on: 03/06/2023

RE/MAX Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,346

Year Built

  • Built in 1973

Lot Details

  • 10,608 Sq Ft Lot
  • Lot Dimensions are 78 x 136
  • Partially Fenced Property
  • Irregular Lot
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 2,768 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 9 Bedrooms

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Accessible Bedroom
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes lawn maintenance, snow removal, water
  • Tax Lot 5
  • Assessor Parcel Number 242601-081-009-0002-005-002-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $11,308
  • Gross Income $48,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,346

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Accessibility: Entry Level Bedroom
  • Annual Operating Expenses: 11308
  • NY Swis Code: Geneseo-Village-242601
  • Total Assessed Value: 225000
  • Foundation Description: Block
  • Gross Annual Income: 48810
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 78
  • Lot Dimension Front: 136
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 5
  • Lot Shape: Irregular
  • Nearest Cross Street: Highland Rd
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1498973.31
  • Ratio Close Price By Sq Ft: 131.86
  • Ratio List Price By Acres: 1231622.18
  • Ratio List Price By Sq Ft: 108.35
  • Regional Board Code: Rochester
  • Rent Includes: Lawn Maintenance, Snow Removal, Water
  • Roof Description: Metal
  • School Tax: 3205
  • Sub Board Code: Rochester
  • Type of Residence: 2 Unit, Duplex, Side by Side
  • Type of Sale: Normal
  • Village: Geneseo-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 10608
  • Age of Building: 50
  • Year Built: 1973
  • Above Grade Finished Sq Ft: 2288
  • Directions To Property: 390 South, exit 8, right on Rt 20A, west into Geneseo Village, right on Center St, right on Highland Rd, right on Rorbach Ln. Home will be the first home on your right.
  • Sq Ft Total Pub: 2768
  • Attribution Contact: 585-797-5815
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1973

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Crawl Space
  • Basement Description: Full, Partially Finished
  • Floor Description: Ceramic-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Half Bathrooms: 2
  • Total Bathrooms: 4.00
  • Total Bedrooms: 9
  • Total Sq Ft: 2768

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Partially Fenced Yard, Private Yard - see Remarks, Thermal Windows - Some
  • Number of Acres: 0.2435

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Garage

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, Tankless

Schools

  • School District: Geneseo

Lot Info

  • Parcel Number: 242601-081-009-0002-005-002-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 6346

MLS Schools

  • School District Name: Geneseo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
May 22, 2023
Sold by
Rorbach Development Llc
Bought by
Degroff Dean A and Degroff Denise
Seller's Agent
Anthony Scorsone
RE/MAX Plus
Buyer's Agent
Anthony Scorsone
RE/MAX Plus
List Price
$299,900
Sold Price
$365,000
Premium/Discount to List
$65,100
21.71%
Views
61
Current Estimated Value
$363,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,404
Avg. Annual Appreciation
-3.18%
Original Mortgage
$273,750
Outstanding Balance
$267,164
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$72,576

Purchase Details

Listed on
Jun 19, 2018
Closed on
Aug 2, 2018
Sold by
Nelson Laurel D
Bought by
Rorbach Dev Llc
Seller's Agent
Marie Beikirch
AB Cole Real Estate, Inc.
Buyer's Agent
Marie Beikirch
AB Cole Real Estate, Inc.
List Price
$209,900
Sold Price
$200,000
Premium/Discount to List
-$9,900
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2009
Sold by
Carson Dana
Bought by
Nelson Laurel D

Purchase Details

Closed on
Jan 5, 2005
Sold by
Passamonte Jared J
Bought by
Carson Dana

Purchase Details

Closed on
Jun 13, 2003
Sold by
Cucinotta Michael F
Bought by
Passamonte Jared
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Degroff Dean A $365,000 Stewart Title
Rorbach Dev Llc $200,000 --
Nelson Laurel D $175,000 Robert A Presutti
Carson Dana -- --
Passamonte Jared $125,000 Scott Cannon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Degroff Dean A $273,750
Previous Owner Rose Aimee J $9,713
Previous Owner Rorbach Dev Llc $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $365,000 +21.7% $132 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $299,900 +50.0% $108 / Sq Ft
08/02/2018 08/02/18 Sold $200,000 -4.7% $72 / Sq Ft
06/19/2018 06/19/18 For Sale $209,900 -- $76 / 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 $7,068 $225,000 $28,900 $196,100
2023 $6,545 $225,000 $28,900 $196,100
2022 $6,406 $225,000 $28,900 $196,100
2021 $6,437 $200,000 $28,900 $171,100
2020 $6,602 $200,000 $28,900 $171,100
2019 $7,267 $200,000 $28,900 $171,100
2018 $7,267 $235,300 $28,900 $206,400
2017 $6,236 $180,600 $26,600 $154,000
2016 $6,110 $180,600 $26,600 $154,000
2015 -- $180,600 $26,600 $154,000
2014 -- $180,600 $26,600 $154,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: R1457546

Upstate New York Real Estate Information Services (UNYREIS)

APN: 242601-081-009-0002-005-002-0000