NOT LISTED FOR SALE

220 Hixson Ave Unit 22 Syracuse, NY 13206

Eastwood Neighborhood

Estimated Value: $303,000 - $431,000

9 Beds
3 Baths
3,300 Sq Ft
$109/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $325,000 $98 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,063/month

16 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Multiple Heating Units
  • Forced Air Cooling System

About This Home

As of January 2024

Holy COW! TURNKEY EASTWOOD 3 Family!! This is it! if you're looking for your first investment property, additional income to pay the mortgage as an owner occupant or to add to your existing portfolio this one cannot be beat. Separate utilities, solid building, area of strong rental demand and income- these simply dont come along very often- you should hurry!

Last Agent to Sell the Property

Dan Murphy

Listing by University Hill Realty Ltd License #10301206321 Listed on: 08/19/2023

Last Buyer's Agent

Patricia Ann Bilotti

Listing by Dropped Members License #40BI0268666

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,697

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 132 x 33

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 3,300 Sq Ft Home
  • 2.7-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Garage
  • Driveway

Location

  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 13
  • Assessor Parcel Number 311500-020-000-0019-013-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $12,701
  • Gross Income $49,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,697

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Annual Operating Expenses: 12701
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 92100
  • Gross Annual Income: 49200
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 33
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 13
  • Nearest Cross Street: Melrose
  • Number of Stories: 2.7000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 3250000.00
  • Ratio Close Price By Sq Ft: 98.48
  • Ratio List Price By Acres: 2990000.00
  • Ratio List Price By Sq Ft: 90.61
  • Regional Board Code: Syracuse
  • Rent Includes: No Utilities
  • School Tax: 1496
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4356
  • Ad Copy: EASTWOOD 3 FAMILY- TURNKEY CASH POSITIVE
  • Ad Headline: TurnkeyEastwood 3 Family
  • Age of Building: 104
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 3300
  • Directions To Property: North/ East on James Street, turn right onto Hixon. Building is on the right.
  • Sq Ft Total Pub: 3300
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Resilient-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 9
  • Total Sq Ft: 3300

Exterior Features

  • Construction: Aluminum/Steel
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 3.0000
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Gravity
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-020-000-0019-013-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4697

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2023
Closed on
Jan 5, 2024
Sold by
Zuckerman Enterprises Llc
Bought by
Miles Keith D
Seller's Agent
Dan Murphy
University Hill Realty Ltd
Buyer's Agent
Patricia Ann Bilotti
Dropped Members
List Price
$299,000
Sold Price
$325,000
Premium/Discount to List
$26,000
8.7%
Views
44
Current Estimated Value
$360,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,274
Avg. Annual Appreciation
5.29%
Original Mortgage
$225,000
Outstanding Balance
$221,309
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,965

Purchase Details

Closed on
Jun 4, 2015
Sold by
Modugno Francis
Bought by
Zuckerman Enterprises Llc

Purchase Details

Closed on
Dec 15, 2006
Sold by
Modugno Ralph and Modugno Francis
Bought by
Modugno Francis R
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
Miles Keith D $325,000 None Available
Zuckerman Enterprises Llc $140,000 Vaughn Lang
Modugno Francis R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Keith D $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $325,000 +8.7% $98 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $299,000 -8.0% $91 / Sq Ft
08/22/2023 08/22/23 Off Market $325,000 -- --
08/19/2023 08/19/23 For Sale $299,000 -- $91 / 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 $2,151 $105,000 $8,700 $96,300
2023 $2,036 $92,100 $8,700 $83,400
2022 $2,080 $92,100 $8,700 $83,400
2021 $2,080 $92,100 $8,700 $83,400
2020 $2,149 $92,100 $8,700 $83,400
2019 $4,585 $92,100 $8,700 $83,400
2018 $2,140 $92,100 $8,700 $83,400
2017 $2,053 $92,100 $8,700 $83,400
2016 $2,080 $92,100 $8,700 $83,400
2015 -- $92,100 $8,700 $83,400
2014 -- $92,100 $8,700 $83,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1492504

Central New York Information Services

APN: 311500-020-000-0019-013-000-0000