$129,850
SOLD MAY 13, 2022

231 S Main St Herkimer, NY 13350

-- Bed
-- Bath
2,846 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$46 Per Sq Ft

7% Below List Price

7 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Heating System Uses Gas

About This Home

As of August 2024

Welcome investors!!! This 3 unit with long term tenants is a money maker and No yard to maintain. There is a 3 bedroom, 2 bedroom and 1 bedroom apartments. Pleanty of off street parking for tenants. Roof is 8 years old and all vinyl windows. One boiler for entire building heat paid by owner. All buyers must be prequalified.

Last Agent to Sell the Property

Delbert Ball

Listing by Keller-Williams Mohawk Valley License #10401246417 Listed on: 04/03/2022

Keller-Williams Mohawk Valley

Last Buyer's Agent

Delbert Ball

Listing by Keller-Williams Mohawk Valley License #10401246417 Listed on: 04/03/2022

Keller-Williams Mohawk Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,272

Year Built

  • Built in 1880

Interior Spaces

  • 2,846 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • Lot Dimensions are 164 x 50
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes heat, water
  • Assessor Parcel Number 120.25-4-46

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $7,590
  • Gross Income $20,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,272

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Annual Operating Expenses: 7590
  • NY Swis Code: Herkimer-Village-213001
  • Total Assessed Value: 54000
  • Gross Annual Income: 20460
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 164
  • Lot Dimension Front: 50
  • Lot Information: Near Bus Line
  • Nearest Cross Street: Mohawk st
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 45.63
  • Ratio List Price By Sq Ft: 48.84
  • Regional Board Code: Syracuse
  • Rent Includes: Heat, Water
  • School Tax: 1470
  • Sub Board Code: Mohawk Valley
  • Type of Sale: Normal
  • Village: Herkimer-Village
  • Year Built Description: Existing
  • Age of Building: 142
  • Year Built: 1880
  • Directions To Property: Travel State street turn onto S Main st
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2846

Exterior Features

  • Construction: Aluminum/Steel

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water, Radiant
  • Number of Gas Meters: 3
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Herkimer

Lot Info

  • Parcel Number: 120.25-4-46

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3272

MLS Schools

  • School District Name: Herkimer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Aug 5, 2024
Sold by
Hartmann Steven C
Bought by
Mohawk Vly Hldgs Llc
Seller's Agent
Thalia Crane
Real Broker NY LLC
Buyer's Agent
Thalia Crane
Real Broker NY LLC
List Price
$170,000
Sold Price
$145,000
Premium/Discount to List
-$25,000
-14.71%
Views
39
Current Estimated Value
$147,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,204
Avg. Annual Appreciation
1.67%
Original Mortgage
$116,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2022
Closed on
May 12, 2022
Sold by
Saunders Bradley S and Saunders Nancy D
Bought by
Hartmann Steven C
Seller's Agent
Delbert Ball
Keller-Williams Mohawk Valley
Buyer's Agent
Delbert Ball
Keller-Williams Mohawk Valley
List Price
$139,000
Sold Price
$129,850
Premium/Discount to List
-$9,150
-6.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$127,497
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 2017
Sold by
Casler Ronald J and Casler Cheryl A
Bought by
Macrina Nicholas J

Purchase Details

Closed on
Apr 7, 2017
Sold by
Vivacqua Charles A
Bought by
Saunders Bradley S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $145,000 None Available
Deed $145,000 None Available
Deed $129,850 None Available
Warranty Deed $118,720 --
Warranty Deed $118,720 --
Deed $77,000 --
Deed $77,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $208,160 Reverse Mortgage Home Equity Conversion Mortgage
Closed $116,000 New Conventional
Previous Owner $127,497 FHA
Previous Owner $57,750 Purchase Money Mortgage
Previous Owner $47,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $145,000 -6.5% $51 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/14/2024 05/14/24 Price Changed $155,000 -6.0% $54 / Sq Ft
05/02/2024 05/02/24 Price Changed $164,900 -3.0% $58 / Sq Ft
04/20/2024 04/20/24 For Sale $170,000 +30.9% $60 / Sq Ft
05/13/2022 05/13/22 Sold $129,850 -6.6% $46 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $139,000 -- $49 / Sq Ft
Source: Mid New York Regional 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 $3,444 $54,000 $10,900 $43,100
2023 $3,389 $54,000 $10,900 $43,100
2022 $3,282 $54,000 $10,900 $43,100
2021 $3,269 $54,000 $10,900 $43,100
2020 $3,286 $54,000 $10,900 $43,100
2019 $1,836 $54,000 $10,900 $43,100
2018 $3,208 $54,000 $10,900 $43,100
2017 $3,146 $54,000 $10,900 $43,100
2016 $3,109 $54,000 $10,900 $43,100
2015 -- $54,000 $10,900 $43,100
2014 -- $60,800 $10,900 $49,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1397109

Mid New York Regional MLS

APN: 213001-120-025-0004-046-000-0000