NOT LISTED FOR SALE

2 W Main St Panama, NY 14767

Studio
-- Bath
8,556 Sq Ft
0.28 Acres Lot

Sale Details

Date Sold: February 19, 2021

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

77 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Programmable Thermostat
  • Panama High School Rated 9+
  • Corner Lot
  • Forced Air Heating System

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

  • 12,096 Sq Ft Lot
  • Lot Dimensions are 84x144
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Aluminum Siding
  • Steel Siding

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Parking Available
  • Unpaved Driveway
  • On-Street Parking

Schools

  • Panama K-6 Elementary School
  • Panama High School

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 37
  • Assessor Parcel Number 064801-398-008-0002-037-000

Community Details

Overview

  • 4 Units

Building Details

  • 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

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1900
  • Lot Features: Corner Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: NORTH RD AND WEST MAIN " CORNER BUILDING " RED BRICK.
  • Architectural Style: Fourplex
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), Programmable Thermostat
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2777
  • Waterfront: No
  • Construction Type: Aluminum Siding, Brick, Steel Siding
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: Parking Available, On Street, Two or More Spaces, Unpaved

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Panama
  • Ninth Grade High School: Panama High

Lot Info

  • Parcel Number: 064801-398-008-0002-037-000
  • Lot Dimensions: 84X144
  • Lot Size Sq Ft: 12096.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 3
  • Annual Gross Income: 27600.0
  • Annual Operating Expense: 8484.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 1701.0
  • Tax Lot: 37

MLS Schools

  • Elementary School: Panama K-6

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
2025 $1,771 $52,000 $3,300 $48,700
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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