$139,000
SOLD MAR 30, 2015

27 Academy St Poughkeepsie, NY 12601

-- Bed
-- Bath
3,735 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$37 Per Sq Ft

20 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • Level Lot
  • Cooling Available
  • Heating System Uses Steam

About This Home

As of March 2015

Very Large 4400 sf building, main floor is commercial space that was used as a bar - many possible uses for this space. Metal Security Gate and large store front Window, two bathrooms and storage area for commercial space 6 Units fully rented month to month, landlord pays most utilities. Off street parking in back for 5 cars also municipal lot across the street for extra parking options. Municipal water and sewer.

Last Agent to Sell the Property

Ronnie Rebis

Grist Mill Real Estate License #40RE1081331 Listed on: 01/25/2015

Last Buyer's Agent

Joyce Stanton

Century 21 Hudson Valley License #37ST1173486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,878

Year Built

  • Built in 1910

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Hot Water Heating System
  • Heating System Uses Steam

Additional Features

  • Range
  • City Lot

Listing and Financial Details

  • Foreclosure
  • The owner pays for all utilities
  • Legal Lot and Block 77 / 114

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $4,000
  • Insurance Expense $1,000
  • Manager Expense $4,000
  • New Taxes Expense $10,121
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,878

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.08
  • Co List Office Phone: 845-246-3200
  • MLS Status: Closed
  • Architectural Style: Other
  • Location Tax and Legal:Tax Block: 114
  • General Property Information Lot Size Acres: 0.08
  • General Property Information Lot Size Dimensions: 0.08
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 10121.0
  • Income And Expenses Cap Rate: 12.0
  • Gross Scheduled Income: 49200.0
  • Income And Expenses Fuel Expense: 4000.0
  • Owner Pays:All Utilities: Yes
  • Special Listing Conditions In Foreclosure: Yes
  • Manager Expense: 4000.0
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other, Refrigerator, Range
  • Basement: Crawl Space, Full, Other
  • Full Basement: Yes
  • Basement:Crawl Space: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Other
  • Construction Type: Frame
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Other, See Remarks
  • General Property Information:Garage YN: No
  • Parking Features:Other20: Yes
  • Parking Features:See Remarks13: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil, Steam, Other, See Remarks
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Oil: Yes
  • Heating:Steam: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Features: City Lot, Level
  • Lot Dimensions: 0.08
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities
  • Tenant Pays: Electricity, Other

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 500.0
  • Insurance Expense: 1000.0
  • Resident Manager Expense: 4000.0
  • Net Operating Income: 29000.0

Tax Info

  • New Taxes Expense: 10121.0
  • Tax Block: 114
  • Tax Lot: 77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2019
Sold by
Broadway Premium Props
Bought by
Pk Acad Llc
Total Days on Market
20
Current Estimated Value
$418,000

Purchase Details

Closed on
Jun 30, 2016
Sold by
Edelstein Joseph
Bought by
Broadway Premium Properties Llc

Purchase Details

Listed on
Jan 25, 2015
Closed on
Mar 13, 2015
Sold by
Bayview Loan Servicing Ll
Bought by
Edelstein Joseph
Seller's Agent
Ronnie Rebis
Grist Mill Real Estate
Buyer's Agent
Joyce Stanton
Century 21 Hudson Valley
List Price
$139,000
Sold Price
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.41%

Purchase Details

Closed on
Dec 22, 2014
Sold by
Neal James J
Bought by
Bayview Loan Servicing Ll

Purchase Details

Closed on
Aug 1, 2005
Sold by
Richards Diane
Bought by
Neal James J and Neal Theresa D

Purchase Details

Closed on
Nov 29, 1999
Sold by
Brinckerhoff H Todd
Bought by
Munsterman George J
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 $280,000 --
Deed $280,000 --
Deed -- Peter C. Mcginnis, Esq.
Deed -- Peter C. Mcginnis, Esq.
Deed $139,000 Peter Mcginnis
Deed $139,000 Peter Mcginnis
Foreclosure Deed $255,534 --
Foreclosure Deed $255,534 --
Deed $318,000 Evan Handel
Deed $318,000 Evan Handel
Interfamily Deed Transfer -- John K Gifford
Interfamily Deed Transfer -- John K Gifford
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $597,000 Stand Alone Refi Refinance Of Original Loan
Closed $248,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $168,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Rented $1,350 0.0% --
05/20/2024 05/20/24 For Rent $1,350 0.0% --
03/30/2015 03/30/15 Sold $139,000 0.0% $37 / Sq Ft
02/13/2015 02/13/15 Pending -- -- --
01/24/2015 01/24/15 For Sale $139,000 -- $37 / 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
2023 $10,878 $326,700 $44,000 $282,700
2022 $11,376 $297,000 $40,000 $257,000
2021 $11,586 $285,600 $40,000 $245,600
2020 $10,244 $280,000 $40,000 $240,000
2019 $8,773 $200,000 $40,000 $160,000
2018 $9,089 $200,000 $40,000 $160,000
2017 $8,863 $200,000 $40,000 $160,000
2016 $14,863 $311,700 $48,500 $263,200
2015 -- $311,700 $48,500 $263,200
2014 -- $311,700 $48,500 $263,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20150299

Hudson Valley Catskills Region Multiple List Service

APN: 131300-6162-77-114015-0000