NOT LISTED FOR SALE

250 S 2nd Ave Mount Vernon, NY 10550

Estimated Value: $871,000 - $979,000

6 Beds
3 Baths
3,192 Sq Ft
$287/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $830,000 $260 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,353/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of September 2024

Welcome to your new investment opportunity in Mount Vernon! This charming 3-family home offers the perfect blend of versatility and comfort, ideal for both investors and owner-occupants alike. Let's take a closer look: Prime Location: Nestled in the heart of Mount Vernon, this property enjoys proximity to local amenities, schools, parks, and transportation options, ensuring convenience for tenants and residents. Multiple Units: Spread across two floors, this property features three separate units, offering flexibility and income potential. The first floor boasts two units - a cozy studio apartment and a spacious 2-bedroom apartment, providing comfortable living spaces for tenants. Second Floor Gem: Ascend to the second floor, where a stunning 4-bedroom apartment awaits. This unit showcases hardwood floors that add warmth and elegance, while abundant windows flood the space with natural light. High ceilings create an airy atmosphere, enhancing the sense of spaciousness and comfort. Private Driveway: Say goodbye to parking woes with the convenience of a private driveway leading to the rear of the property. Accommodating 3-4 cars, this feature ensures hassle-free parking for tenants and visitors alike. Investment Potential: Whether you're looking to generate rental income or seeking a multi-generational living setup, this property offers endless possibilities. With multiple units and ample parking, it presents an excellent investment opportunity with the potential for attractive returns. Don't miss out on the chance to own this fantastic 3-family home in Mount Vernon. Schedule a viewing today and unlock the potential of this remarkable property!

Last Agent to Sell the Property

Jampa Nyandak

Keller Williams Realty Group Brokerage Phone: (929) 291-9133 License #10401365196 Listed on: 04/01/2024

Keller Williams Realty Group

Last Buyer's Agent

Mariam Sallam

Real Broker NY LLC License #10401382427

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,684

Year Built

  • Built in 1924

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls

Parking

  • Driveway

Home Design

  • 3,192 Sq Ft Home
  • Colonial Architecture
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Cecil H Parker Elementary School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, heat
  • Assessor Parcel Number 0800-169-023-03114-000-0014

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,684

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1924
  • Attribution Contact: (929) 291-9133
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 3192
  • SquareFootage: 3192.00
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Lot Size Units: Acres
  • Parcel Number: 0800-169-023-03114-000-0014
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas, Heat

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 4
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 1
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 18684
  • Tax Map Number: 0800-169-023-03114-000-0014

MLS Schools

  • Elementary School: Cecil H Parker School
  • High School: Call Listing Agent
  • Middle School District: Mount Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Sep 27, 2024
Sold by
Gorham Beverly
Bought by
Kaifi Yasin Kaid Mused A
Seller's Agent
Jampa Nyandak
Keller Williams Realty Group
Buyer's Agent
Mariam Sallam
Real Broker NY LLC
List Price
$800,000
Sold Price
$830,000
Premium/Discount to List
$30,000
3.75%
Views
47
Current Estimated Value
$914,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,699
Avg. Annual Appreciation
9.41%
Original Mortgage
$705,500
Outstanding Balance
$698,083
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$216,616

Purchase Details

Closed on
Jan 10, 1996
Sold by
Somaroo Tilack and Somaroo May
Bought by
Gorham Beverly A

Purchase Details

Closed on
Jan 7, 1995
Sold by
Persaud Scasenarine and Somaroo Tilack
Bought by
Somaroo Tilack and Somaroo May
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
Kaifi Yasin Kaid Mused A $830,000 First American Title
Gorham Beverly A $255,000 Commonwealth Land Title Ins
Somaroo Tilack -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaifi Yasin Kaid Mused A $705,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $830,000 +3.8% $260 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $800,000 -- $251 / Sq Ft
Source: OneKey® 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 $18,776 $10,815 $3,000 $7,815
2023 $15,462 $13,315 $3,000 $10,315
2022 $19,245 $13,315 $3,000 $10,315
2021 $20,615 $13,315 $3,000 $10,315
2020 $13,826 $13,315 $3,000 $10,315
2019 $15,751 $10,815 $3,000 $7,815
2018 $3,641 $10,815 $3,000 $7,815
2017 $3,637 $10,815 $3,000 $7,815
2016 $15,404 $10,815 $3,000 $7,815
2015 -- $10,815 $3,000 $7,815
2014 -- $10,815 $3,000 $7,815
2013 -- $14,000 $3,000 $11,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6296526

OneKey® MLS

APN: 0800-169-023-03114-000-0014