NOT LISTED FOR SALE

2 W Main St Panama, NY 14767

Studio
-- Bath
8,556 Sq Ft
12,097 Sq Ft

Last Sold February 19, 2021

Last sale price $120,000 $14 Per Sq Ft

77 Days on Market

Highlights

  • Cathedral Ceiling
  • Corner Lot
  • Programmable Thermostat
  • Wood Flooring
  • Forced Air Cooling System
  • Ceiling Fan

About This Home

As of February 2021

This home is located at 2 W Main St, Panama, NY 14767 since 18 July 2020. This property was built in 1900. 2 W Main St is a home located in Chautauqua County with nearby schools including Panama Elementary School, Panama High School, and Lake View School.

Last Agent to Sell the Property

Edward Miller

Listing by ERA Team VP Real Estate License #10301204745 Listed on: 07/18/2020

Last Buyer's Agent

Susan Muscarella

Listing by Property Sisters of Chautauqua, Inc. License #10401251661

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,701

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 144 x 84
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Membrane Roofing

Interior Spaces

  • 8,556 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Dirt Driveway
  • On-Street Parking

Schools

  • Panama K-6 Elementary School
  • Panama High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Programmable Thermostat
  • Well
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 37
  • Assessor Parcel Number 064801-398-008-0002-037-000

Community Details

Overview

  • 3 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Operating Expense $8,484
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,701

Year Built

Built in 1900

Lot Details

0.28 Acres

Listing Details

  • Annual Operating Expenses: 8484
  • NY Swis Code: Panama-Village-064801
  • Total Assessed Value: 52000
  • Foundation Description: Stone
  • Gross Annual Income: 27600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 144
  • Lot Dimension Front: 84
  • Lot Information: Commercial Zoning, Corner Lot, Home Office Zoning, Neighborhood Street, Primary Road
  • Lot Number: 37
  • Nearest Cross Street: NORTH STREET
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 432120.99
  • Ratio Close Price By Sq Ft: 14.03
  • Ratio List Price By Acres: 468131.08
  • Ratio List Price By Sq Ft: 15.19
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Flat, Rubber Membrane
  • School Tax: 888
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Village: Panama-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 12096
  • Ad Copy: APARTMENT / STORE FRONT RENTAL INCOME PROPERTY PROFITABLE
  • Ad Headline: PROFITABLE APARTMENTS
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: NORTH RD AND WEST MAIN " CORNER BUILDING " RED BRICK.
  • Sq Ft Total Pub: 8556
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Cathedral Ceiling, Ceiling Fan, Circuit Breakers - Some
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 8556

Exterior Features

  • Construction: Aluminum/Steel, Brick
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.2777

Garage/Parking

  • Number of Electric Meters: 5
  • Parking Driveway: 2 or More Spaces, Dirt, Parking Area, Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Programmable Thermostat
  • Number of Gas Meters: 5
  • Number of Heating Units: 5
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 064801-398-008-0002-037-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 1701

MLS Schools

  • Elementary School Name: Panama K-6
  • High School Name: Panama High
  • School District Name: Panama

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2020
Sold by
Sonay Enterprises Llc
Bought by
North St Assoc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2006
Sold by
Vllg Of Panama
Bought by
Sonay Enterprises Llc

Purchase Details

Closed on
May 31, 2005
Sold by
Bascom Timothy L
Bought by
Village Of Panama
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
North St Assoc Llc $120,000 None Available
Sonay Enterprises Llc $12,500 Crandall Nyweide
Village Of Panama -- Crandall Nyweide
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner North St Assoc Llc $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $120,000 -7.7% $14 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $130,000 -- $15 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,771 $52,000 $3,300 $48,700
2023 $1,751 $52,000 $3,300 $48,700
2022 $1,670 $52,000 $3,300 $48,700
2021 $1,697 $52,000 $3,300 $48,700
2020 $1,699 $52,000 $3,300 $48,700
2019 $1,734 $52,000 $3,300 $48,700
2018 $1,734 $52,000 $3,300 $48,700
2017 $1,728 $48,500 $3,100 $45,400
2016 $1,744 $48,500 $3,100 $45,400
2015 -- $48,500 $3,100 $45,400
2014 -- $48,500 $3,100 $45,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1279962

Chautauqua-Cattaraugus Board of REALTORS®

APN: 064801-398-008-0002-037-000

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