NOT LISTED FOR SALE

314 N Washington St Rome, NY 13440

Estimated Value: $94,000 - $167,830

5 Beds
3 Baths
2,600 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $60,000 $23 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $812/month

209 Days on Market

Highlights

  • Deck
  • Balcony
  • Forced Air Cooling System
  • Full Attic
  • Thermal Windows
  • 4-minute walk to Fort Stanwix Park

About This Home

As of August 2020

**INVESTMENT OPPORTUNITY** Just a minor amount of finishing work remains, but with little effort, this beautiful property could soon have 2 tenants bringing in a total of $1400-$2000/month. All updated roofing, vinyl replacement windows on the 2nd floor, updated plumbing & electrical, rebuilt upper porch, NEW, highly durable, wood-look ceramic tile throughout. This property is in fine company, sharing a city block with a high-end day spa, a successful massage therapy studio & art gallery, and the beautiful, historic VFW. It is zoned residential/professional, so the option to have your business on the main level & live above is available! At under $35 sq ft., this is the income-producing business opportunity you have been waiting for. Don't let it pass you by!

Last Agent to Sell the Property

Lori Frieden

Listing by Coldwell Banker Faith Properties R License #10401265563 Listed on: 11/21/2019

Coldwell Banker Faith Properties R

Last Buyer's Agent

Rita Gamela

Listing by Howard Hanna Cny Inc License #40GA1171258

Howard Hanna Cny Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 127 x 33

Parking

  • On-Street Parking

Home Design

  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Ceramic Tile Flooring
  • Basement Fills Entire Space Under The House
  • Full Attic

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes heat, refuse removal, water
  • Tax Lot 10
  • Assessor Parcel Number 301301-242-042-0003-010-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • NY Swis Code: Rome-Inside-301301
  • Total Assessed Value: 50300
  • Foundation Description: Block, Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 127
  • Lot Dimension Front: 33
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 10
  • Nearest Cross Street: Btwn Embargo & Court
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 600000.00
  • Ratio Close Price By Sq Ft: 23.08
  • Ratio List Price By Acres: 849000.00
  • Ratio List Price By Sq Ft: 32.65
  • Regional Board Code: Syracuse
  • Rent Includes: Heat, Refuse Removal, Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1644
  • Sub Board Code: Mohawk Valley
  • Type of Residence: 2 Unit, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4356
  • Age of Building: 87
  • Year Built: 1935
  • Directions To Property: Follow W Court St to N Washington St., Turn right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Full, Stair Access
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Tile-Some
  • Total Sq Ft: 2600

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Balcony, Cable TV Available, Deck, High Speed Internet, Thermal Windows - Some
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area, Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Rome

Lot Info

  • Parcel Number: 301301-242-042-0003-010-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4994

MLS Schools

  • School District Name: Rome

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Aug 12, 2020
Sold by
Schieffer Linda
Bought by
Barker Deryck R
Seller's Agent
Lori Frieden
Coldwell Banker Faith Properties R
Buyer's Agent
Rita Gamela
Howard Hanna Cny Inc
List Price
$84,900
Sold Price
$60,000
Premium/Discount to List
-$24,900
-29.33%
Current Estimated Value
$126,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,708
Avg. Annual Appreciation
15.61%
Original Mortgage
$45,000
Outstanding Balance
$40,097
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$84,882

Purchase Details

Closed on
Apr 28, 2015
Sold by
Amidon Llc Thomas
Bought by
Schieffer Linda

Purchase Details

Closed on
Oct 17, 2014
Sold by
Amidon Jeffrey
Bought by
Thomas Amidon Llc

Purchase Details

Closed on
Jan 29, 2008
Sold by
Amidon Thomas M
Bought by
Amidon Jeffrey

Purchase Details

Closed on
Jul 3, 2001
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
Barker Deryck R $60,000 None Available
Schieffer Linda $45,000 Chris P Neville
Thomas Amidon Llc -- Charles W Engelbrecht
Amidon Jeffrey $10,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barker Deryck R $45,000
Closed Barker Deryck R $45,000
Previous Owner Amidon Jeff $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $60,000 -29.3% $23 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $84,900 0.0% $33 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
01/07/2020 01/07/20 Price Changed $84,900 -5.6% $33 / Sq Ft
11/21/2019 11/21/19 For Sale $89,900 -- $35 / Sq Ft
Source: Mid New York Regional 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 $5,374 $50,300 $5,100 $45,200
2023 $1,423 $50,300 $5,100 $45,200
2022 $2,276 $50,300 $5,100 $45,200
2021 $2,206 $50,300 $5,100 $45,200
2020 $2,183 $50,300 $5,100 $45,200
2019 $251 $50,300 $5,100 $45,200
2018 $1,030 $50,300 $5,100 $45,200
2017 $1,007 $50,300 $5,100 $45,200
2016 $3,798 $50,300 $5,100 $45,200
2015 -- $50,300 $5,100 $45,200
2014 -- $50,300 $5,100 $45,200
Source: Public Records

Agents Affiliated with this Home

  • Lori Frieden

    Seller's Agent in 2020

    Lori Frieden

    Coldwell Banker Faith Properties R

    (315) 225-9958

    268 in this area

    395 Total Sales

    Lori Frieden
    Section Image

  • R

    Buyer's Agent in 2020

    Rita Gamela

    Howard Hanna Cny Inc

    (315) 335-7533

    60 in this area

    133 Total Sales

    Rita Gamela
    Section Image
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Map

Source: Mid New York Regional MLS

MLS Number: S1239064

Mid New York Regional MLS

APN: 242-042-0003-010-000-0000

New York Oneida County Rome 13440

314 N Washington St, Rome, NY

This home is located at 314 N Washington St, Rome, NY 13440 since 21 November 2019 and is currently estimated at $126,708, approximately $48 per square foot. This property was built in 1935. 314 N Washington St is a home located in Oneida County with nearby schools including Gansevoort Elementary School, George R. Staley Upper Elementary School, and Lyndon H. Strough Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Mid New York Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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