NOT LISTED FOR SALE

31 Prospect St Spring Valley, NY 10977

8 Beds
8 Baths
6,480 Sq Ft
0.41 Acres

Last Sold September 20, 2017

Last sale price $1,300,000 $201 Per Sq Ft

114 Days on Market

Highlights

  • 0.41 Acre Lot
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Corner Lot
  • Park
  • 2-minute walk to Walton Gould Children's Park

About This Home

As of September 2017

Great investment opportunity! 11 Family Units, 10 are vacant. The proposed gross income is $158,400....the net income is $121,298....cap rate is 9%. Cash deal only

Last Agent to Sell the Property

Moses Einhorn

Keller Williams Hudson Valley Brokerage Phone: 845-639-0300 License #10401256731 Listed on: 02/21/2017

Keller Williams Hudson Valley

Last Buyer's Agent

Burach Gross

eRealty Advisors, Inc License #10401296661

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,551

Year Built

  • Built in 2004

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Corner Lot

Home Design

  • 6,480 Sq Ft Home
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 14 Parking Spaces
  • Driveway

Schools

  • Hillcrest Elementary School
  • Chestnut Ridge Middle School
  • Spring Valley High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Well

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 392605.057.024-0001-011.000/0000

Community Details

Overview

  • 11 Units

Recreation

  • Park

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,551

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 2004
  • Attribution Contact: 845-639-0300
  • Village: Spring Valley
  • Hamlet: Spring Valley
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Basement: Finished
  • Total Bedrooms: 8
  • Living Area: 6480
  • Owner Pays: Insurance
  • SquareFootage: 6480.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 14
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Steam
  • Sewer: Public Sewer
  • Water Source: Well
  • Hot Water: On Demand

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 2965

Schools

  • Middle School: Chestnut Ridge Middle School

Lot Info

  • Lot Size Acres: 0.41
  • Lot Dimensions: 0.4100
  • Lot Size Sq Ft: 17860
  • Lot Size Units: Acres
  • Lot Features: Corner Lot
  • Parcel Number: 392605.057.024-0001-011.000/0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Fuel Expense: 4452
  • Units Total: 11
  • Separate Electric Meters: 11
  • Separate Gas Meters: 11
  • NumberOf1Bedrooms: 11
  • NumberOf2Bedrooms: 0
  • NumberOf3Bedrooms: 0
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 23551
  • Tax Map Number: 392605.057.024-0001-011.000/0000
  • IncludedInTaxes: Sewer

MLS Schools

  • Elementary School: Hillcrest School
  • High School: Spring Valley High School
  • Middle School District: East Ramapo
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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
09/20/2017 09/20/17 Sold $1,300,000 -3.6% $201 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $1,349,000 -- $208 / 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 $32,949 $65,000 $15,000 $50,000
2023 $32,949 $65,000 $15,000 $50,000
2022 $27,648 $65,000 $15,000 $50,000
2021 $11,390 $65,000 $15,000 $50,000
2020 $24,858 $65,000 $15,000 $50,000
2019 $17,150 $65,000 $15,000 $50,000
2018 $17,150 $65,000 $15,000 $50,000
2017 $23,955 $65,000 $15,000 $50,000
2016 $24,020 $65,000 $15,000 $50,000
2015 -- $65,000 $15,000 $50,000
2014 -- $65,000 $15,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4706960

OneKey® MLS

APN: 392605 57.24-1-11