NOT LISTED FOR SALE

3200 E Main St Mohegan Lake, NY 10547

Estimated Value: $210,000 - $2,457,000

-- Bed
-- Bath
10,000 Sq Ft
$168/Sq Ft Est. Value

Last Sold January 17, 2020

Last sale price $1,750,000 $175 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $10,546/month

67 Days on Market

Highlights

  • 3.52 Acre Lot
  • Property is near public transit
  • Park
  • George Washington Elementary School Rated A
  • Cul-De-Sac
  • Instant Hot Water

About This Home

As of January 2020

Multi Family Income producing Complex; consisting of 11 cottages and a 5 Family House - total of 16 current units sitting on 3.523 acres in a PRIME location near the Cortlandt Town Center and the Cortlandt Crossing. High Traffic Area. Potential Purchasers are not to talk to or disrupt tenants and may only see the inside of units once a purchasers background, credit check has been completed with a signed. Close to all Public Transportation.

Last Agent to Sell the Property

Patty Wagner

Compass Greater NY, LLC License #40AU1145246 Listed on: 09/02/2019

Compass Greater NY, LLC

Co-Listed By

Randy Calano

Keller Williams Realty Partner License #10301209860

Last Buyer's Agent

Michelle Ulutas

Coldwell Banker Realty License #40UL1153647

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,276

Year Built

  • Built in 1952 | Remodeled in 2016

Lot Details

  • 3.52 Acre Lot
  • No Common Walls
  • Cul-De-Sac

Home Design

  • 10,000 Sq Ft Home

Parking

  • Common or Shared Parking
  • Parking Lot
  • Unassigned Parking

Schools

  • Benjamin Franklin Elementary School
  • Lakeland-Copper Beech Middle Sch
  • Walter Panas High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Septic Tank

Additional Features

  • Instant Hot Water
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 2289-024-006-00001-000-0023

Community Details

Overview

  • 16 Units

Recreation

  • Park

Building Details

  • 16 Separate Electric Meters
  • 8 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,276

Year Built

Built in 1952 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1952
  • Year Built Effective: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Basement: None
  • Living Area: 10000.00
  • Square Footage: 10000.00

Exterior Features

  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Common, Parking Lot, Unassigned

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Propane, See Remarks
  • Hot Water: On Demand
  • Sewer: Septic Tank
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Benjamin Franklin Elementary School
  • Middle School: Lakeland-Copper Beech Middle Sch
  • High School: Walter Panas High School
  • Middle School: Lakeland-Copper Beech Middle Sch

Lot Info

  • Lot Size Acres: 3.5200
  • Lot Size Area: 3.5200
  • Lot Dimensions: 3.5230
  • Lot Size Sq Ft: 153462.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit, Cul-De-Sec
  • Parcel Number: 2289-024-006-00001-000-0023
  • Property Attached: No

Tax Info

  • Close Date: 2020-01-17
  • Included in Taxes: Trash, Water
  • Tax Annual Amount: 35276.00
  • Tax Map Number: 2289-024-006-00001-000-0023

Multi Family

  • Fuel Expense: 12000.00
  • Units Total: 16
  • 1 Bedrooms: 9
  • Two Bedrooms: 7
  • Separate Electric Meters: 16
  • Separate Gas Meters: 8

MLS Schools

  • Elementary School: Benjamin Franklin Elementary School
  • High School: Walter Panas High School
  • Middle School District: Lakeland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2019
Closed on
Jan 17, 2020
Sold by
East Main 16 Llc
Bought by
3200 Mohegan Lake Llc
Seller's Agent
Patty Wagner
Compass Greater NY, LLC
Buyer's Agent
Michelle Ulutas
Coldwell Banker Realty
List Price
$1,950,000
Sold Price
$1,750,000
Premium/Discount to List
-$200,000
-10.26%
Current Estimated Value
$1,677,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,413
Avg. Annual Appreciation
-0.73%
Original Mortgage
$1,312,000
Outstanding Balance
$1,161,435
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$516,152

Purchase Details

Listed on
Jun 12, 2017
Closed on
Nov 28, 2017
Sold by
Schwartz V Llc
Bought by
East Main 16 Llc
Seller's Agent
Louis Cardillo
Keller Williams Realty Partner
Buyer's Agent
Randy Calano
Keller Williams Realty Partner
List Price
$900,000
Sold Price
$770,000
Premium/Discount to List
-$130,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.76%

Purchase Details

Closed on
Jul 22, 2003
Sold by
Schwartz Carole S
Bought by
Schwartz V Llc
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
3200 Mohegan Lake Llc $1,750,000 Thoroughbred Title Svcs Llc
East Main 16 Llc $770,000 Maven Abstract
Schwartz V Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3200 Mohegan Lake Llc $1,312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2020 01/17/20 Sold $1,750,000 -10.3% $175 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $1,950,000 +153.2% $195 / Sq Ft
11/28/2017 11/28/17 Sold $770,000 -14.4% $77 / Sq Ft View Prior Sale
06/12/2017 06/12/17 Pending -- -- --
06/12/2017 06/12/17 For Sale $900,000 -- $90 / 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 $64,753 $25,000 $1,775 $23,225
2023 $55,458 $25,000 $1,775 $23,225
2022 $55,509 $25,000 $1,775 $23,225
2021 $55,375 $25,000 $1,775 $23,225
2020 $39,652 $25,000 $1,775 $23,225
2019 $35,671 $19,360 $1,775 $17,585
2018 $35,276 $17,600 $1,775 $15,825
2017 -- $17,600 $1,775 $15,825
2016 $45,695 $23,475 $1,775 $21,700
2015 -- $23,475 $1,775 $21,700
2014 -- $23,475 $1,775 $21,700
2013 -- $23,475 $1,775 $21,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY5045377

OneKey® MLS

APN: 2289-024-006-00001-000-0023