NOT LISTED FOR SALE
15 Beds
-- Baths
5,000 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: May 13, 2021

Last sale price $190,000 $38 Per Sq Ft

284 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Level Lot
  • Covered Patio or Porch

About This Home

As of May 2021

SECURE MAIN BUILDING WITH CIPHER LOCK FOR TENANTS AND ACCESS TO MAILBOXES IN MAIN BUILDING. LARGE 8 FAMILY ON STREET WITH 2ND BUILDING IN REAR WITH LARGE 2 BEDROOM ON 2ND AND 3RD FLOORS AND 1 BEDROOM ON FIRST. ALL UNITS COMPLETELY GONE THROUGH IN 2018 AND INSPECTED BEFORE OCCUPANCY BY FIRE DEPARTMENT AND ENDICOTT CODE. MANY TENANTS ORIGINAL AFTER TAKE OVER BY CURRENT PROPERTY MANAGER IN 2018. MAXIMUM RENT POTENTIAL IS 72000 ACTUAL 2019 NUMBERS WERE 62000 IN PART DUE TO NEW LAW ENACTED IN JUNE 2019. DISCOUNTED PROPERTY MANAGEMENT AVAILABLE.

Last Agent to Sell the Property

Douglas Rein

TEAM REIN License #37RE0873805 Listed on: 01/19/2020

Last Buyer's Agent

Douglas Rein

TEAM REIN License #37RE0873805 Listed on: 01/19/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50 x 98
  • Level Lot

Home Design

  • 5,000 Sq Ft Home
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • Shared Driveway
  • On-Street Parking

Schools

  • Charles F. Johnson Elementary School

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • 15 Bedrooms
  • Covered Patio or Porch
  • Basement

Community Details

Overview

  • 10 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Maintenance Expense $3,000
  • Water Sewer Expense $3,600
  • Net Operating Income $29,416

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 50 X 98
  • Professional Management Expense: 3100.0
  • Inclusions: CARBON MONOXIDE DETECTOR,SHADES/BLINDS ONLY,SMOKE DETECTORS
  • Directions: MAIN STREET ENDICOTT TO SOUTH ON ARTHUR. 1ST LARGE BUILDING ON RIGHT WITH SMALL WHITE FENCE AROUND FRONT YARD.
  • Above Grade Finished Sq Ft: 5000.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1920
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 15
  • Flooring: Carpet, Hardwood, Tile
  • Living Area: 5000.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Basement, Concrete Perimeter
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Parking Features: Parking Space(s), Shared Driveway, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Radiator(s)
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 4200.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Elementary School: Charles F. Johnson
  • Junior High Dist: Union Endicott

Lot Info

  • Zoning Description: MULTI FAMILY
  • Zoning: MULTI FAMILY
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 4452.0
  • Annual Gross Income: 62000.0
  • Insurance Expense: 3200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 29416.0
  • Total Actual Rent: 72000.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 11032.0
  • Tax Book Number: 157.07-5-6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Jackson Catherine
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Outstanding Balance
$62,664
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2014
Closed on
Feb 4, 2015
Sold by
Chachakis Peter
Bought by
Runge Ii Wilhelm L
Seller's Agent
Seekia Morrison
WEST EAST REAL ESTATE
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1998
Sold by
Langley Robert F
Bought by
Chachakis Peter

Purchase Details

Closed on
Oct 8, 1997
Sold by
Martiny David C
Bought by
Langley Robert F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$90,000 None Available
Runge Ii Wilhelm L $205,000 None Available
Runge Ii Wilhelm L $205,000 Jon Sarra
Chachakis Peter $141,000 --
Langley Robert F $50,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $72,000
Previous Owner Runge Ii Wilhelm L $123,000
Previous Owner Chachakis Peter $157,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2021 05/13/21 Sold $190,000 -33.1% $38 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
01/19/2020 01/19/20 For Sale $284,000 +38.5% $57 / Sq Ft
02/06/2015 02/06/15 Sold $205,000 0.0% $35 / Sq Ft View Prior Sale
09/12/2014 09/12/14 Pending -- -- --
08/19/2014 08/19/14 For Sale $205,000 -- $35 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,395 $8,600 $900 $7,700
2024 $8,188 $8,600 $900 $7,700
2023 $8,022 $8,600 $900 $7,700
2022 $8,006 $8,600 $900 $7,700
2021 $7,807 $8,600 $900 $7,700
2020 $13,328 $8,600 $900 $7,700
2019 $0 $8,600 $900 $7,700
2018 $7,452 $8,600 $900 $7,700
2017 $7,311 $8,600 $900 $7,700
2016 $7,179 $8,600 $900 $7,700
2015 -- $8,600 $900 $7,700
2014 -- $8,600 $900 $7,700
Source: Public Records

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 300489

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