NOT LISTED FOR SALE

315 E Chester St Kingston, NY 12401

Estimated Value: $393,000 - $475,000

2 Beds
2 Baths
1,638 Sq Ft
$259/Sq Ft Est. Value

Last Sold August 13, 2019

Last sale price $225,000 $137 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,030/month

49 Days on Market

Highlights

  • Fitness Center
  • RV Access or Parking
  • Property is near public transit
  • Above Ground Pool
  • 0.42 Acre Lot
  • 4-minute walk to Hutton Park

About This Home

As of August 2019

Enjoy the peaceful country life in the city. This two-family residence is situated on a knoll with expansive grounds for play, gardens or almost anything your heart desires and ample off-street parking. As a total investment, this property's pro forma (using very moderate rents of $1250/$1300 respectively), conservatively yields a 9.9% cap rate (at asking price), and as an owner-occupied investment, where your tenant conceivably pays your mortgage, this home provides comfort, privacy and a relaxing lifestyle. Currently utilized as an owner-occupied home, with under market-rate rent, each unit possesses updated kitchen and bath, washer/dryer, formal dining room, ample living room and generous bedroom with great closet space. Main floor bedroom can accommodate a California King bed and also has a sweet office space. For the investor, all important elements are updated and relatively new, within the past 8 years approx. Two energy-efficient Weil-McClain gas boilers are approx. 8 years old, and hot water heaters are both within the past two years. Beautiful roof is approx. 8-9 yrs. old. Newly painted exterior and interior. The beautiful and luxurious grounds include flower beds, above-ground pool with decking and spacious place for entertaining, large shed for all kinds of tools and storage, and a smart patio adjoining the lower level for sweet enjoyment. Upstairs tenant has the expansive wrap-around porch for sitting and watching the world go by. This beautiful ca. 1880 property can easily be returned to a single family estate.

Last Agent to Sell the Property

Sandy Potter

Win Morrison Realty License #10301200369 Listed on: 05/23/2019

Last Buyer's Agent

Kyla Thomas

Howard Hanna Rand Realty License #10301201769

Howard Hanna Rand Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 120 x 152
  • Landscaped
  • Sloped Lot
  • Garden

Home Design

  • Duplex
  • Victorian Architecture
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2 Bathrooms
  • Ceiling Fan
  • Low Emissivity Windows
  • Carpet
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher
  • Kitchen Island

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Parking Lot
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Above Ground Pool
  • Glass Enclosed
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed

Location

  • Property is near public transit
  • City Lot

Schools

  • Kennedy K-4 Elementary School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, taxes, water
  • Legal Lot and Block 5 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Fitness Center
  • Park

Building Details

  • Insurance Expense $1,000
  • New Taxes Expense $5,903
  • Net Operating Income $22,297

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Year Built: 1880
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.42
  • Road Surface Type: Asphalt
  • Co List Office Phone: 845-339-1144
  • MLS Status: Closed
  • Architectural Style: Victorian
  • Master Plan Zoning: RR1
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 0.42
  • General Property Information Lot Size Dimensions: 120 x 152
  • Flooring:Carpet: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Cooling Ceiling Fan(s): Yes
  • Income And Expenses New Taxes Expense: 5903.0
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 30600.0
  • Cooling:Window Unit(s): Yes
  • Other Structures:Shed(s): Yes
  • Other Structures:Workshop: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Pool Features Above Ground: Yes
  • Architectural Style Victorian: Yes
  • Owner Pays:Sewer2: Yes
  • Other Equipment Satellite Dish: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer, Refrigerator, Range, Gas Water Heater, Dryer, Dishwasher
  • Interior Amenities: Kitchen Island, Pantry
  • Basement: Full
  • Other Equipment: Satellite Dish
  • Flooring: Carpet
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Pantry: Yes
  • Community Features:Fitness Center2: Yes
  • Community Features:Park2: Yes

Exterior Features

  • Exterior Features: Lighting
  • Roof: Asphalt, Shingle
  • Pool Features: Above Ground
  • Construction Type: Frame
  • Other Structures: Shed(s), Workshop
  • Patio And Porch Features: Glass Enclosed, Patio
  • Construction Materials:Frame: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Garden2: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Sloped: Yes
  • Patio And Porch Features:Glass Enclosed: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Near Public Transit: Yes
  • Window Features:Low Emissivity Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Other, RV Access/Parking, Parking Lot, Off Street
  • General Property Information:Garage YN: Yes
  • Parking Features:Other20: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot, Garden, Landscaped, Near Public Transit, Sloped
  • Lot Dimensions: 120 x 152
  • Lot Size Sq Ft: 18295.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Sewer, Taxes, Water
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1000.0
  • Net Operating Income: 22297.0

Tax Info

  • New Taxes Expense: 5903.0
  • Tax Block: 1
  • Tax Lot: 5

MLS Schools

  • Elementary School: Kennedy K-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Aug 13, 2019
Sold by
Vernol Matthew
Bought by
Miller Fred and Decicco-Miller Jamie
Seller's Agent
Sandy Potter
Win Morrison Realty
Buyer's Agent
Kyla Thomas
Howard Hanna Rand Realty
List Price
$222,500
Sold Price
$225,000
Premium/Discount to List
$2,500
1.12%
Current Estimated Value
$423,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,494
Avg. Annual Appreciation
10.39%

Purchase Details

Listed on
Apr 30, 2012
Closed on
Sep 24, 2012
Sold by
Taylor Kevin
Bought by
Vernol Matthew
Seller's Agent
Jonathan Korn
Past Member
Buyer's Agent
Sandy Potter
Win Morrison Realty
List Price
$159,000
Sold Price
$147,500
Premium/Discount to List
-$11,500
-7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%

Purchase Details

Closed on
Dec 11, 2006
Sold by
Taylor Kevin and Wallner Frank
Bought by
Taylor Kevin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miller Fred $225,000 --
Vernol Matthew $147,500 --
Taylor Kevin $85,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2019 08/13/19 Sold $225,000 0.0% $137 / Sq Ft
07/11/2019 07/11/19 Pending -- -- --
05/23/2019 05/23/19 Price Changed $225,000 +1.1% $137 / Sq Ft
05/23/2019 05/23/19 For Sale $222,500 +50.8% $136 / Sq Ft
09/25/2012 09/25/12 Sold $147,500 -7.2% $90 / Sq Ft View Prior Sale
08/02/2012 08/02/12 Pending -- -- --
04/30/2012 04/30/12 For Sale $159,000 -- $97 / 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
2024 $9,791 $175,000 $32,000 $143,000
2023 $9,272 $175,000 $32,000 $143,000
2022 $9,002 $175,000 $32,000 $143,000
2021 $9,002 $175,000 $32,000 $143,000
2020 $6,137 $175,000 $32,000 $143,000
2019 $3,623 $175,000 $32,000 $143,000
2018 $6,045 $167,000 $31,000 $136,000
2017 $5,849 $159,000 $31,000 $128,000
2016 $5,828 $159,000 $31,000 $128,000
2015 -- $150,000 $31,000 $119,000
2014 -- $150,000 $31,000 $119,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20192027

Hudson Valley Catskills Region Multiple List Service

APN: 0800-048.083-0001-005.000-0000