NOT LISTED FOR SALE

3282 Franklin Ave Millbrook, NY 12545

Estimated Value: $1,600,221

Studio
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $1,325,000

Est. 21% increase in value since last sale

Current estimated payment $10,325/month

134 Days on Market

Highlights

  • Corner Lot
  • Central Air
  • 4-minute walk to Tribute Gardens
  • Millbrook Middle School Rated A-

About This Home

As of September 2022

Prime retail opportunity on Millbrook's main street with A+ tenant in place. An excellent income investment opportunity consisting of two retail spaces and 4 apartments (two one-bedroom apartments, a two-bedroom apartment and a studio). Retail space approx 1950sf and second retail space approx 500sf. This building has been maintained and is in very good condition. Turnkey, prime corner location with large window displays in the heart of Historic Millbrook! Currently this property has a 7% cap rate.,ROOF:Asphalt Shingles,AboveGrade:4832

Last Agent to Sell the Property

OLIVER BROWN

Houlihan Lawrence Inc. License #10301217195 Listed on: 05/17/2022

Houlihan Lawrence Inc.

Last Buyer's Agent

Carey Whalen

Compass Greater NY, LLC License #40WH0885133

Compass Greater NY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,032

Year Built

  • Built in 1970

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Frame Construction

Schools

  • Alden Place Elementary School
  • Millbrook High School

Utilities

  • Central Air

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 13580100676500184380910000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,032

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1970
  • Village: Millbrook
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Basement: None
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Units: Acres
  • Lot Features: Corner Lot
  • Parcel Number: 13580100676500184380910000
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 6

Tax Info

  • Tax Annual Amount: 17032
  • Tax Map Number: 13580100676500184380910000

MLS Schools

  • Elementary School: Alden Place Elementary School
  • High School: Millbrook High School
  • Middle School District: Millbrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Sep 28, 2022
Sold by
3282 Franklin Avenue Llc
Bought by
Millbrook Storefront Llc
Seller's Agent
OLIVER BROWN
Houlihan Lawrence Inc.
Buyer's Agent
Carey Whalen
Compass Greater NY, LLC
List Price
$1,750,000
Sold Price
$1,325,000
Premium/Discount to List
-$425,000
-24.29%
Views
20
Current Estimated Value
$1,600,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,221
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Nov 21, 2012
Sold by
Rotunno Charlotte
Bought by
3282 Franklin Avenue Llc

Purchase Details

Closed on
Jul 30, 2008
Sold by
Rotunno Charlotte
Bought by
Rotunno Charlotte

Purchase Details

Closed on
Apr 27, 2007
Sold by
Rotunno Charlotte
Bought by
Rotunno Charlotte
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Millbrook Storefront Llc $1,325,000 None Available
Millbrook Storefront Llc $1,325,000 None Available
3282 Franklin Avenue Llc $725,000 Allan B Rappleyea
3282 Franklin Avenue Llc $725,000 Allan B Rappleyea
Rotunno Charlotte -- --
Rotunno Charlotte -- --
Rotunno Charlotte -- Allan B Rappleyea
Rotunno Charlotte -- Allan B Rappleyea
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $1,325,000 -24.3% --
09/29/2022 09/29/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $1,750,000 -- --
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 $23,497 $901,370 $27,000 $874,370
2023 $17,335 $703,250 $27,000 $676,250
2022 $17,043 $703,250 $27,000 $676,250
2021 $17,033 $703,250 $27,000 $676,250
2020 $17,586 $703,250 $27,000 $676,250
2019 $17,413 $703,250 $27,000 $676,250
2018 $16,880 $703,250 $27,000 $676,250
2017 $16,658 $703,250 $27,000 $676,250
2016 $16,401 $703,250 $27,000 $676,250
2015 -- $703,250 $27,000 $676,250
2014 -- $703,250 $19,700 $683,550
Source: Public Records

Agents Affiliated with this Home

  • OLIVER BROWN

    Seller's Agent in 2022

    OLIVER BROWN

    Houlihan Lawrence Inc.

    (917) 680-8933

    15 in this area

    78 Total Sales

    OLIVER BROWN
    Section Image

  • C

    Buyer's Agent in 2022

    Carey Whalen

    Compass Greater NY, LLC

    (845) 420-2175

    7 in this area

    15 Total Sales

    Carey Whalen
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEYM408128

OneKey® MLS

APN: 135801-6765-18-438091-0000

New York Dutchess County Millbrook 12545

3282 Franklin Ave, Millbrook, NY

Not Listed for Sale

MultiFamily

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