NOT LISTED FOR SALE

Estimated Value: $95,487 - $121,000

5 Beds
2 Baths
1,814 Sq Ft
$60/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $100,000 $55 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $715/month

5 Days on Market

About This Home

As of October 2020

Great opportunity for an affordable investment property in a great location. Cashflow from day 1 purchasing at a 12% Cap Rate and 33% Cash-On-Cash return including all expense. Roof is only 6 years old! Both furnaces replaced in October of 2014 and both hot water tanks in March of 2016. All major cap ex items have been replaced. Downstairs apt 1 is month-to-month and upstairs apt 2 just signed a 1 year lease.

Last Agent to Sell the Property

Dante Belmonte

Listing by Hunt Real Estate ERA License #10401323828 Listed on: 08/05/2020

Hunt Real Estate ERA

Last Buyer's Agent

BOB SHAW

Listing by Robert Shaw Realty License #10351200768

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,753

Year Built

  • Built in 1890

Lot Details

  • 4,600 Sq Ft Lot
  • Lot Dimensions are 115 x 40

Parking

  • Dirt Driveway

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,814 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes lawn maintenance, refuse removal, water
  • Tax Lot 7
  • Assessor Parcel Number 311500-014-000-0002-007-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $7,562
  • Gross Income $20,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,753

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Annual Operating Expenses: 7562
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 52000
  • Gross Annual Income: 20520
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 115
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 7
  • Nearest Cross Street: Farmer
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 946969.70
  • Ratio Close Price By Sq Ft: 55.13
  • Ratio List Price By Acres: 937500.00
  • Ratio List Price By Sq Ft: 54.58
  • Regional Board Code: Syracuse
  • Rent Includes: Lawn Maintenance, Refuse Removal, Water
  • School Tax: 1436
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4600
  • Age of Building: 132
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1814
  • Directions To Property: Left off of James East
  • Sq Ft Total Pub: 1814
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1814

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1056

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Syracuse

Lot Info

  • Parcel Number: 311500-014-000-0002-007-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2753

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2024
Sold by
Babcock Charles H and Babcock Sandra M
Bought by
Forderkonz Michael and Mcclure Damon
Total Days on Market
5
Current Estimated Value
$109,122

Purchase Details

Listed on
Aug 5, 2020
Closed on
Sep 30, 2020
Sold by
Brown G Lawrence
Bought by
Doyle Charles and Doyle Debra
Seller's Agent
Dante Belmonte
Hunt Real Estate ERA
Buyer's Agent
BOB SHAW
Robert Shaw Realty
List Price
$99,000
Sold Price
$100,000
Premium/Discount to List
$1,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.08%

Purchase Details

Closed on
Apr 24, 2017
Sold by
Brown G. Lawrence
Bought by
Brown G. Lawrence

Purchase Details

Closed on
Oct 7, 2014
Sold by
Brown G. Lawrence
Bought by
Brown G. Lawrence and Brown Brown

Purchase Details

Closed on
Jul 14, 2005
Sold by
T & M Property Consultant S Inc
Bought by
Brown G. Lawrence

Purchase Details

Closed on
Feb 4, 2005
Sold by
Curtis Marilyn
Bought by
T & M Property
Source: Public Records

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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
Forderkonz Michael $98,700 None Available
Doyle Charles $100,000 None Available
Doyle Charles $100,000 None Available
Brown G. Lawrence -- Tamara M. Gilmore
Brown G. Lawrence -- Tamara M. Gilmore
Brown G. Lawrence -- Richard Spatari
Brown G. Lawrence -- Richard Spatari
Brown G. Lawrence $24,000 Douglas Taylor
Brown G. Lawrence $24,000 Douglas Taylor
T & M Property $33,000 Douglas Taylor
T & M Property $33,000 Douglas Taylor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damico Julie L $100,000
Previous Owner Mcmanus Nicole A $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $100,000 +1.0% $55 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $99,000 -- $55 / Sq Ft
Source: Central New York Information Services

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 -- $52,000 $9,800 $42,200
2023 $1,253 $52,000 $9,800 $42,200
2022 $1,282 $52,000 $9,800 $42,200
2021 $1,282 $52,000 $9,800 $42,200
2020 $1,317 $52,000 $9,800 $42,200
2019 $1,310 $52,000 $9,800 $42,200
2018 $1,310 $52,000 $9,800 $42,200
2017 $1,254 $52,000 $9,800 $42,200
2016 $1,270 $52,000 $9,800 $42,200
2015 -- $52,000 $9,800 $42,200
2014 -- $52,000 $9,800 $42,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1284052

Central New York Information Services

APN: 311500-014-000-0002-007-000-0000