NOT LISTED FOR SALE

25 Mitchell St Norwich, NY 13815

Estimated Value: $106,000 - $144,000

5 Beds
4 Baths
2,964 Sq Ft
$44/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $85,000 $29 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $899/month

164 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • 5-minute walk to Bowman Lake State Park

About This Home

As of July 2023

Large 3 unit apartment house. Has great potential with the 1st floor apartment has 2 baths and 2 bedrooms with Laundry room. 3 Furnaces. Large apartments.

Last Agent to Sell the Property

Patrick McNeil

Listing by Keller Williams Upstate NY Properties License #30MC0980991 Listed on: 11/13/2022

Keller Williams Upstate NY Properties

Last Buyer's Agent

Patrick McNeil

Listing by Keller Williams Upstate NY Properties License #30MC0980991 Listed on: 11/13/2022

Keller Williams Upstate NY Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 2,964 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Rent includes electric, heat
  • Assessor Parcel Number 136.41-1-20

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,533

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Norwich-City-081100
  • Total Assessed Value: 33000
  • Construction: Frame
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Information: Primary Road
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 293103.45
  • Ratio Close Price By Sq Ft: 28.68
  • Ratio List Price By Acres: 291379.31
  • Ratio List Price By Sq Ft: 28.51
  • Regional Board Code: Rochester
  • Rent Includes: Electric, Heat
  • Roof Description: Asphalt, Composition
  • School Tax: 1117
  • Sub Board Code: Otsego-Delaware
  • Type of Sale: Estate
  • Year Built Description: Existing
  • Lot Sq Ft: 12632
  • Age of Building: 123
  • Year Built: 1900
  • Directions To Property: North Broad street to Mitchell properties on left
  • Attribution Contact: 607-226-1148
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 4
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wood-Some
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Total Sq Ft: 2964

Exterior Features

  • Construction: Shake Shingle
  • Number of Acres: 0.2900

Garage/Parking

  • Number of Electric Meters: 1
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 136.41-1-20

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2533

MLS Schools

  • School District Name: Norwich

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2022
Closed on
Jul 31, 2023
Sold by
Burlingame Sr Leroy C Est and Burlingame
Bought by
Malloch Mgmt Llc
Seller's Agent
Patrick McNeil
Keller Williams Upstate NY Properties
Buyer's Agent
Patrick McNeil
Keller Williams Upstate NY Properties
List Price
$84,500
Sold Price
$85,000
Premium/Discount to List
$500
0.59%
Views
90
Current Estimated Value
$129,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,667
Avg. Annual Appreciation
18.98%
Original Mortgage
$108,750
Outstanding Balance
$106,207
Interest Rate
6.67%
Mortgage Type
Commercial
Estimated Equity
$23,460
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Malloch Mgmt Llc $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malloch Mgmt Llc $108,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $85,000 +0.6% $29 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
11/13/2022 11/13/22 For Sale $84,500 -- $29 / Sq Ft
Source: Otsego-Delaware 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 $2,646 $33,000 $6,500 $26,500
2023 $2,559 $33,000 $6,500 $26,500
2022 $2,373 $33,000 $6,500 $26,500
2021 $1,846 $33,000 $6,500 $26,500
2020 $1,778 $33,000 $6,500 $26,500
2019 $2,372 $33,000 $6,500 $26,500
2018 $2,372 $33,000 $6,500 $26,500
2017 $88 $33,000 $6,500 $26,500
2016 $89 $33,000 $6,500 $26,500
2015 -- $33,000 $6,500 $26,500
2014 -- $33,000 $6,500 $26,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: OD136990

Otsego-Delaware Board of REALTORS®

APN: 081100-136-410-0001-020-000-0000