NOT LISTED FOR SALE

232 Smith Ave Kingston, NY 12401

Estimated Value: $443,000 - $488,039

6 Beds
3 Baths
2,721 Sq Ft
$174/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $265,000 $97 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,163/month

56 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Asbestos
  • Kingston High School Rated A-
  • Forced Air Heating System

About This Home

As of June 2019

8% Cap.... Nice solid investment in one of Kingston's oldest neighborhoods. Nicely maintained 3 unit, right side has 3 bedrooms and 1 bath , dinning room, living room, kitchen and glassed in porch, walk-up attic and full basement. Left side downstairs has 1 bedroom , living room , kitchen and 1 bath with basement. Upstairs has kitchen, living room, 1 bedroom and walk up attic. At list price we have a 8% cap rate figuring in a 5% vacancy rate

Last Agent to Sell the Property

Mary Orapello

Howard Hanna Rand Realty License #30OR0910113 Listed on: 03/12/2019

Howard Hanna Rand Realty

Last Buyer's Agent

Alexandra DeForest

Past Member License #10401323384

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,929

Year Built

  • Built in 1917

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Asbestos

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Permanent Attic Stairs
  • Range

Flooring

  • Wood
  • Carpet

Location

  • City Lot

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, management, repairs, sewer, taxes, water
  • Legal Lot and Block 18 / 4

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Fuel Expense $4,680
  • Insurance Expense $2,500
  • Manager Expense $600
  • New Taxes Expense $4,850
  • Net Operating Income $30,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,929

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Year Built: 1917
  • Property Sub-Type: Triplex
  • Lot Size Acres: 0.17
  • Co List Office Phone: 845-338-5252
  • MLS Status: Closed
  • Master Plan Zoning: 230
  • Location Tax and Legal:Tax Block: 4
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Dimensions: 50x150
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 4850.0
  • Income And Expenses Cap Rate: 8.0
  • Gross Scheduled Income: 37800.0
  • Income And Expenses Fuel Expense: 4680.0
  • Manager Expense: 600.0
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Basement: Full
  • Flooring: Carpet, Hardwood
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Attic Features:Permanent Stairs: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Asbestos, Frame
  • Construction Materials:Frame: Yes
  • Lot Features:City Lot: Yes
  • Construction Materials:Asbestos: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot
  • Lot Dimensions: 50x150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Management, Repairs, Sewer, Taxes, Water, Other
  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 2500.0
  • Resident Manager Expense: 600.0
  • Net Operating Income: 30200.0

Tax Info

  • New Taxes Expense: 4850.0
  • Tax Block: 4
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Jun 10, 2019
Sold by
232 Smith Avenue Llc
Bought by
Vehaba Leon D and Lerman Tracy B
Seller's Agent
Mary Orapello
Howard Hanna Rand Realty
Buyer's Agent
Alexandra DeForest
Past Member
List Price
$269,900
Sold Price
$265,000
Premium/Discount to List
-$4,900
-1.82%
Current Estimated Value
$473,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,260
Avg. Annual Appreciation
9.61%
Original Mortgage
$198,750
Outstanding Balance
$174,750
Interest Rate
4.1%
Estimated Equity
$298,510

Purchase Details

Listed on
Nov 7, 2014
Closed on
Feb 25, 2015
Sold by
Spencer Karen Christie
Bought by
232 Smith Avenue Llc
Seller's Agent
Mary Orapello
Howard Hanna Rand Realty
Buyer's Agent
Mary Orapello
Howard Hanna Rand Realty
List Price
$179,900
Sold Price
$166,500
Premium/Discount to List
-$13,400
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.39%

Purchase Details

Closed on
Dec 12, 2014
Sold by
Spencer Karen Christie
Bought by
232 Smith Avenue Llc

Purchase Details

Closed on
Dec 4, 2014
Sold by
Spencer Karen C
Bought by
232 Smith Ave Llc
Source: Public Records

Range of Values:

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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
Vehaba Leon D $265,000 --
232 Smith Avenue Llc $166,500 --
232 Smith Avenue Llc $166,500 --
232 Smith Ave Llc $166,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vehaba Leon D $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2019 06/10/19 Sold $265,000 +18175.9% $97 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
04/01/2019 04/01/19 Rented $1,450 0.0% --
03/11/2019 03/11/19 For Sale $269,900 0.0% $99 / Sq Ft
03/11/2019 03/11/19 For Rent $1,450 0.0% --
03/04/2019 03/04/19 Under Contract -- -- --
01/09/2019 01/09/19 For Rent $1,450 0.0% --
08/04/2015 08/04/15 Rented $1,450 0.0% --
08/03/2015 08/03/15 Under Contract -- -- --
07/03/2015 07/03/15 For Rent $1,450 0.0% --
02/18/2015 02/18/15 Sold $166,500 -7.4% $61 / Sq Ft View Prior Sale
12/18/2014 12/18/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $179,900 -- $66 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $7,929 $148,500 $22,000 $126,500
2023 $7,868 $148,500 $22,000 $126,500
2022 $7,639 $148,500 $22,000 $126,500
2021 $7,639 $148,500 $22,000 $126,500
2020 $5,208 $148,500 $22,000 $126,500
2019 $3,074 $148,500 $22,000 $126,500
2018 $4,850 $134,000 $21,000 $113,000
2017 $4,930 $134,000 $21,000 $113,000
2016 $5,155 $134,000 $21,000 $113,000
2015 -- $134,000 $21,000 $113,000
2014 -- $134,000 $21,000 $113,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20190741

Hudson Valley Catskills Region Multiple List Service

APN: 0800-048.333-0004-018.000-0000