NOT LISTED FOR SALE

281 3rd St Newburgh, NY 12550

4 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft

Last Sold September 04, 2019

Last sale price $271,000

10 Days on Market

Highlights

  • Water Views
  • 2 Car Garage
  • 3-minute walk to Downing Park
  • No HOA

About This Home

As of September 2019

Classic Brick 4-Family Residence directly across the street from Downing Park. Water Views from every apartment! Currently Fully Occupied. Nice sized Double Lot (one parcel) with a Two-Car Garage in the back for additional Income if desired. In the same family for over 65 years and Owner Occupied until 5 years ago, but it's time to let this one go. Priced accordingly there is a great opportunity for some sweat equity here as the property will require some work.

Last Agent to Sell the Property

Edwin Maldonado

Howard Hanna Rand Realty License #30MA0929099 Listed on: 03/29/2019

Howard Hanna Rand Realty

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50' x 143'

Parking

  • 2 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction

Basement

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

Additional Features

  • Water Views
  • Range
  • City Lot

Listing and Financial Details

  • The owner pays for insurance, sewer, taxes, trash collection, water
  • Legal Lot and Block 4 / 1

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Electric Expense $76
  • Fuel Expense $1
  • Insurance Expense $1,925
  • Supplies Expense $1
  • New Taxes Expense $10,364
  • Net Operating Income $25,267

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Year Built: 1960
  • Property Sub-Type: Quadruplex
  • Lot Size Acres: 0.16
  • Road Surface Type: Gravel
  • View Type:Pond View: Water
  • Supplies Expense: 1.0
  • Co List Office Phone: 845-338-5252
  • MLS Status: Closed
  • Architectural Style: Other
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 0.16
  • General Property Information Lot Size Dimensions: 50' x 143'
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 10364.0
  • Income And Expenses Cap Rate: 11.0
  • Gross Scheduled Income: 40800.0
  • Income And Expenses Fuel Expense: 1.0
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • View Water3: Yes
  • Road Surface Type Gravel2: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Full, Walk-Out Access
  • Full Basement: Yes
  • Appliances Range: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Construction Type: Brick, Frame
  • Construction Materials:Frame: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Off Street, Driveway
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1.0

Schools

  • Junior High Dist: Newburgh City Schools

Lot Info

  • Lot Features: City Lot
  • Lot Dimensions: 50' x 143'
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Zoning Description: RM
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 76.0
  • Insurance Expense: 1925.0
  • Net Operating Income: 25267.0

Tax Info

  • New Taxes Expense: 10364.0
  • Tax Block: 1
  • Tax Lot: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2019 09/04/19 Sold $271,000 +20.4% --
04/08/2019 04/08/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $225,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

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 $14,543 $440,000 $106,100 $333,900
2023 $14,543 $440,000 $106,100 $333,900
2022 $13,490 $315,700 $31,200 $284,500
2021 $14,727 $315,700 $31,200 $284,500
2020 $11,634 $259,200 $31,200 $228,000
2019 $5,592 $182,500 $31,200 $151,300
2018 $5,592 $182,500 $39,000 $143,500
2017 $10,099 $175,400 $39,000 $136,400
2016 $8,453 $145,200 $39,000 $106,200
2015 -- $145,200 $39,000 $106,200
2014 -- $145,200 $39,000 $106,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20191043

Hudson Valley Catskills Region Multiple List Service
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