NOT LISTED FOR SALE

2320 E Fayette St Syracuse, NY 13224

Salt Springs Neighborhood

Estimated Value: $162,268 - $183,000

4 Beds
3 Baths
2,181 Sq Ft
$80/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $115,000 $53 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,060/month

23 Days on Market

About This Home

As of October 2021

This property features a 2-unit, recently updated home on a generously sized lot with a partially fenced, wooded backyard. The new roof was put on just 1 month ago. The furnaces and water heaters have all been updated within the last 3 years. The property is tenant occupied and bring in a yearly rental income of $19,200. The Net Operating Income comes to around $12,762. At a sale price of $125K the Cap Rate is 10.2%. The landlord is responsible for lawn care and snow removal. All utilities are separate and paid by the individual tenants. This Property can be sold in a package with additional properties. Please reach out for further information.

Last Agent to Sell the Property

Veronica Halligan

Listing by WEICHERT, REALTORS-TBG License #10401322656 Listed on: 06/08/2021

WEICHERT, REALTORS-TBG

Last Buyer's Agent

Briana Payne

Listing by Real Broker NY LLC License #10401275255

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,981

Year Built

  • Built in 1940

Lot Details

  • 7,920 Sq Ft Lot
  • Lot Dimensions are 120 x 66

Parking

  • 1 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,181 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Schools

  • Nottingham High School

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, snow removal, water
  • Tax Lot 2
  • Assessor Parcel Number 311500-037-000-0009-002-000-0000

Community Details

Overview

  • 2 Units
  • Fairview Community
  • Fairview Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,981

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 59200
  • Foundation Description: Block
  • Gross Annual Income: 19200
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 66
  • Lot Number: 2
  • Nearest Cross Street: Fenway Dr.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 632563.26
  • Ratio Close Price By Sq Ft: 52.73
  • Ratio List Price By Acres: 687568.76
  • Ratio List Price By Sq Ft: 57.31
  • Regional Board Code: Syracuse
  • Rent Includes: Lawn Maintenance, Snow Removal, Water
  • Roof Description: Asphalt
  • School Tax: 1015
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7920
  • Age of Building: 82
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 2181
  • Directions To Property: From Syracuse, Take E. Genesee St. to Salt Springs Rd. Then take a left onto Bruce St., followed by a right onto E. Fayette St. House will be on the right.
  • Sq Ft Total Pub: 2181
  • Subdivision Comm Complex: Fairview
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some
  • Total Sq Ft: 2181

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1818

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Syracuse
  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Nottingham High

Lot Info

  • Parcel Number: 311500-037-000-0009-002-000-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2981

MLS Schools

  • High School Name: Nottingham High
  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Sep 2, 2021
Sold by
Cleghorn Properties Llc
Bought by
Abadjian Ft
Seller's Agent
Veronica Halligan
WEICHERT, REALTORS-TBG
Buyer's Agent
Briana Payne
Real Broker NY LLC
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Current Estimated Value
$174,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,567
Avg. Annual Appreciation
11.39%
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
Abadjian Ft $115,000 None Available
Abadjian Ft $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cleghorn Properties Llc $439,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $115,000 -8.0% $53 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $125,000 -- $57 / 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 -- $75,000 $6,400 $68,600
2023 $1,333 $59,200 $6,400 $52,800
2022 $1,362 $59,200 $6,400 $52,800
2021 $1,362 $59,200 $6,400 $52,800
2020 $1,406 $59,200 $6,400 $52,800
2019 $3,442 $59,200 $6,400 $52,800
2018 $1,400 $59,200 $6,400 $52,800
2017 $1,342 $59,200 $6,400 $52,800
2016 $1,360 $59,200 $6,400 $52,800
2015 -- $59,200 $6,400 $52,800
2014 -- $59,200 $6,400 $52,800
Source: Public Records

Agents Affiliated with this Home

  • Veronica Halligan

    Seller's Agent in 2021

    Veronica Halligan

    WEICHERT, REALTORS-TBG

    (315) 750-2649

    3 in this area

    52 Total Sales

    Veronica Halligan
    Section Image

  • B

    Buyer's Agent in 2021

    Briana Payne

    Real Broker NY LLC

    (315) 632-8206

    1 in this area

    64 Total Sales

    Briana Payne
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1342007

Central New York Information Services

APN: 311500-037-000-0009-002-000-0000

New York Onondaga County Syracuse 13224 Salt Springs

2320 E Fayette St, Syracuse, NY

This home is located at 2320 E Fayette St, Syracuse, NY 13224 since 08 June 2021 and is currently estimated at $174,567, approximately $80 per square foot. This property was built in 1940. 2320 E Fayette St is a home located in Onondaga County with nearby schools including Hurlbut W Smith K 8 School, Nottingham High School, and Blessed Sacrament School.

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