NOT LISTED FOR SALE

22 Maple Ave Cortland, NY 13045

Estimated Value: $182,000 - $205,902

5 Beds
4 Baths
2,680 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $165,000 $62 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,221/month

4 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Rectangular Lot
  • Full Attic
  • High Speed Internet

About This Home

As of June 2022

Three unit, 6-bedroom multifamily in prime student housing territory. A 4-bedroom unit and two 1-bedroom units; fully leased. Legal for all bedrooms. The 4-bedroom and one of the 1-bedrooms are currently leased to students at $3,800 / bedroom / semester. The other unit is leased to a non-student for $650 / month. The landlord pays the heat, hot water, and electricity for all units (although the house has 3 gas meters and 3 electric meters). Sufficient on-site parking for all residence.

Last Agent to Sell the Property

Philip Henry

Listing by SVR Realty LLC License #30HE0952053 Listed on: 02/26/2022

Co-Listed By

Stephen Terwilliger

Listing by SVR Realty LLC License #10311204571

Last Buyer's Agent

Jerry Hartnett

Listing by Hartnett Realty Solutions License #10371201895

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,195

Year Built

  • Built in 1865

Lot Details

  • 7,321 Sq Ft Lot
  • Lot Dimensions are 159 x 45
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,680 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Vinyl

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes cooking gas, electric, grounds maintenance, heat, hot water, lawn maintenance, water
  • Tax Lot 48
  • Assessor Parcel Number 110200-086-050-0001-048-000-0000

Community Details

Overview

  • 3 Units
  • Joseph Congdon Lands Community
  • Joseph Congdon Lands Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $45,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,195

Year Built

Built in 1865

Lot Details

0

Listing Details

  • NY Swis Code: Cortland-110200
  • Total Assessed Value: 96000
  • Foundation Description: Stone
  • Gross Annual Income: 45800
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 159
  • Lot Dimension Front: 45
  • Lot Information: Neighborhood Street
  • Lot Number: 48
  • Lot Shape: Rectangular
  • Nearest Cross Street: Grace Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 981558.60
  • Ratio Close Price By Sq Ft: 61.57
  • Ratio List Price By Acres: 981558.60
  • Ratio List Price By Sq Ft: 61.57
  • Regional Board Code: Syracuse
  • Rent Includes: Cooking Gas, Electric, Grounds Maintenance, Heat, Hot Water, Lawn Maintenance, Water
  • Roof Description: Asphalt
  • School Tax: 1890
  • Sub Board Code: Cortland
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7321
  • Age of Building: 157
  • Year Built: 1865
  • Above Grade Finished Sq Ft: 2680
  • Directions To Property: FROM North Main Street, take Maple Avenue westbound to the property on the right. FROM Homer Avenue, take Maple Avenue eastbound to the property on the left.
  • Sq Ft Total Pub: 2680
  • Subdivision Comm Complex: Joseph Congdon Lands
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1865

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wood-Some
  • Total Sq Ft: 2680

Exterior Features

  • Construction: Frame, Vinyl, Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1681

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 110200-086-050-0001-048-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 5195

MLS Schools

  • School District Name: Cortland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
May 24, 2022
Sold by
Lexi Properties Llc
Bought by
Jones Eric
Seller's Agent
Philip Henry
SVR Realty LLC
Buyer's Agent
Jerry Hartnett
Hartnett Realty Solutions
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$195,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,976
Avg. Annual Appreciation
4.91%
Original Mortgage
$123,750
Outstanding Balance
$117,411
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$78,565
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Jones Eric -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Eric $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2022 06/06/22 Sold $165,000 0.0% $62 / Sq Ft
02/26/2022 02/26/22 For Sale $165,000 +83.3% $62 / Sq Ft
09/21/2012 09/21/12 Sold $90,000 -20.0% $34 / Sq Ft View Prior Sale
09/07/2012 09/07/12 Pending -- -- --
08/16/2012 08/16/12 For Sale $112,500 -- $42 / Sq Ft
Source: Cortland County Board of REALTORS®

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 $6,732 $185,000 $14,900 $170,100
2023 $6,216 $110,000 $10,500 $99,500
2022 $5,148 $96,000 $10,500 $85,500
2021 $5,195 $96,000 $10,500 $85,500
2020 $3,505 $96,000 $10,500 $85,500
2019 $3,680 $96,000 $10,500 $85,500
2018 $4,964 $96,000 $10,500 $85,500
2017 $4,964 $96,000 $10,500 $85,500
2016 $4,964 $96,000 $10,500 $85,500
2015 -- $96,000 $10,500 $85,500
2014 -- $96,000 $10,500 $85,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1390661

Cortland County Board of REALTORS®

APN: 110200-086-050-0001-048-000-0000