NOT LISTED FOR SALE

214 Main St Salem, NY 12865

Estimated Value: $244,270

7 Beds
5.5 Baths
4,380 Sq Ft
$56/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $270,000 $62 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,898/month

366 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Baseboard Heating
  • No HOA
  • Window Unit Cooling System
  • Level Lot

About This Home

As of October 2022

Great investor opportunity in the Historic Hamlet of Salem. This multi-use property offers 3 separate buildings with a total of 6 rental units. The front building has 1 commercial office space (on the 1st floor) & 3 apartments- 1 on 1st flr-1 bed, 1 bath; 2 on 2nd floor-both 2 bed, 1 bath. The rear building has a studio apartment up and down with one bathroom in each unit. All units have had some updating done. The detached 2 car garage is used by the tenant who takes care of lawn/snow removal. All units are rented. Unit 4 has been recently updated with new flooring, paint & tub surround.

Last Agent to Sell the Property

Debra Lee Cartier

Coldwell Banker Prime Properties License #10301214957 Listed on: 06/05/2021

Coldwell Banker Prime Properties

Last Buyer's Agent

Daniel Warren

Warren Prime Properties License #37WA1072718

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,942

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 56x192
  • Property fronts a private road
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • 4,380 Sq Ft Home
  • Slate Roof
  • Wood Siding
  • Vinyl Siding
  • Asphalt

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior and Exterior Basement Entry
  • Crawl Space

Schools

  • Salem Elementary School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • 6 Units

Listing and Financial Details

  • Tenant pays for internet, cable TV, electricity, gas
  • Legal Lot and Block 37 / 1
  • Assessor Parcel Number 534800 209.9-1-37

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,942

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1900
  • Directions: On Main St (Rt 22) in the Historic Hamlet of Salem.
  • Above Grade Finished Sq Ft: 4380.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details Full Market Assessment: 186379
  • Financial Details General Taxes: 2920.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 3022.0
  • School Taxes Description: Estimated
  • Financial Details Tax Assessed Value: 108100.0
  • Lot Size Acres: 0.25
  • Lot Size: 56X192
  • New Construction: No
  • Parking Features Parking Total: 6.0
  • Sale Detail Buyer Zip Code: 12866
  • Sale Detail Seller Contribution: Yes
  • Senior Community YN: No
  • Electric Expense Description: Estimated
  • Gas Expense Description: None
  • Insurance Expense Description: Estimated
  • Water Sewer Expense Description: Estimated
  • Oil Expense Description: Estimated
  • Rental Income: 52200.0
  • Rental Income Description: Estimated
  • Income: 52200.0
  • Income Description: Estimated
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 5
  • Unit Information Number Of Stoves: 5
  • Unit Information Number Of Washers: 1
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Wood: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood, Carpet, Hardwood
  • Basement: Bilco Doors, Crawl Space, Exterior Entry, Full, Interior Entry, Partial, Unfinished
  • Interior Amenities: Other
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Living Area: 4380.0
  • Full Basement: Yes
  • Basement:Exterior Entry: Yes
  • Attic Features:Hatch: Yes
  • Basement:Partial: Yes
  • Basement:Interior Entry: Yes
  • Basement:Crawl Space: Yes
  • Basement:Bilco Doors: Yes
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 1 Owner Furnish Features:Heat3: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 1 Owner Furnish Features:Electricity4: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 3 Owner Furnish Features:Maintenance Grounds4: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 1 Owner Furnish Features:Oil4: Yes
  • Unit 5 Owner Furnish Features:Electricity8: Yes
  • Unit 6 Owner Furnish Features:Electricity11: Yes
  • Unit 6 Owner Furnish Features:Heat10: Yes
  • Unit 2 Owner Furnish Features:Oil5: Yes
  • Unit 3 Owner Furnish Features:Oil6: Yes
  • Unit 5 Owner Furnish Features:Oil8: Yes
  • Unit 6 Owner Furnish Features:Oil11: Yes

Exterior Features

  • Roof: Slate, Asphalt
  • Construction Type: Vinyl Siding, Wood Siding
  • Other Structures: Garage(s)
  • Patio And Porch Features: Pressure Treated Deck
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Other58: Yes
  • Lot Features:Road Frontage: Yes
  • Patio And Porch Features:Pressure Treated Deck: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Right of Way Driveway, Off Street, Stone, Storage, Detached, Driveway, Garage
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 6.0
  • Property Detail:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Stone2: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Detached: Yes
  • Other Structures:Garage(s): Yes
  • Parking Features:Storage: Yes
  • Parking Features:Right of Way Driveway: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric, Hot Water, Oil
  • Security: Smoke Detector(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Hot Water: Yes
  • Heating:Oil2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Salem

Lot Info

  • Lot Features: Level, Road Frontage
  • Parcel #: 534800 209.9-1-37
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Internet, Cable TV, Electricity, Gas

Tax Info

  • Tax Annual Amount: 5942.0
  • Tax Block: 1
  • Tax Lot: 37
  • Tax Tract: 209.9

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Salem
  • HighSchool: Salem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2011
Closed on
Dec 20, 2012
Sold by
Banks Estate Charlene
Bought by
Katahdin Llc
Seller's Agent
Robert Tressler
Heritage Manor Realty
Buyer's Agent
Robert Tressler
Heritage Manor Realty
List Price
$179,900
Sold Price
$127,000
Premium/Discount to List
-$52,900
-29.41%
Current Estimated Value
$244,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,270
Avg. Annual Appreciation
5.15%

Purchase Details

Closed on
Jan 13, 1998
Sold by
Banks George H
Bought by
Banks Carlene J
Source: Public Records

Range of Values:

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Sold Price
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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
Katahdin Llc $125,000 Phyllis Mccoy-Jacien
Banks Carlene J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Day War Ventures Llc $216,000
Previous Owner Drew Melissa $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $270,000 -3.2% $62 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/05/2021 06/05/21 For Sale $279,000 +119.7% $64 / Sq Ft
12/20/2012 12/20/12 Sold $127,000 -29.4% $106 / Sq Ft
11/08/2012 11/08/12 Pending -- -- --
08/05/2011 08/05/11 For Sale $179,900 -- $150 / Sq Ft
Source: Global MLS

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 $6,821 $242,000 $17,600 $224,400
2023 $6,772 $242,000 $17,600 $224,400
2022 $6,139 $242,000 $17,600 $224,400
2021 $5,942 $108,100 $4,001 $104,099
2020 $5,825 $108,100 $4,001 $104,099
2019 $9,068 $108,100 $4,001 $104,099
2018 $9,068 $108,100 $4,001 $104,099
2017 $5,629 $108,100 $4,001 $104,099
2016 $5,667 $108,100 $4,001 $104,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202120302

Global MLS

APN: 534800-209-009-0001-037-000-0000