NOT LISTED FOR SALE

Estimated Value: $209,000 - $237,372

6 Beds
3 Baths
2,640 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $140,000 $53 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,367/month

90 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Forced Air Cooling System

About This Home

As of October 2019

Well maintained triplex located in desirable area with two long term tenants in place. Currently grossing $26,400 a year. Second floor rents are below market . Double digit cash on cash and cap rates. Self managed by current owner but he says its time to retire.

Last Agent to Sell the Property

Frank Procopio

Listing by Hunt Real Estate ERA License #10301221680 Listed on: 05/31/2019

Hunt Real Estate ERA

Last Buyer's Agent

Kathryn MacDonald

Listing by Oak Tree Real Estate License #10401209997

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,593

Year Built

  • Built in 1940

Lot Details

  • 4,232 Sq Ft Lot
  • Lot Dimensions are 128 x 33

Parking

  • On-Street Parking

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes lawn maintenance, water
  • Tax Lot 9
  • Assessor Parcel Number 311500-029-000-0010-009-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,593

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 66500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 33
  • Lot Information: Neighborhood Street
  • Lot Number: 9
  • Nearest Cross Street: Burnet
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1441812.56
  • Ratio Close Price By Sq Ft: 53.03
  • Ratio List Price By Acres: 1440782.70
  • Ratio List Price By Sq Ft: 52.99
  • Regional Board Code: Syracuse
  • Rent Includes: Lawn Maintenance, Water
  • Roof Description: Shingles
  • School Tax: 1154
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4232
  • Age of Building: 82
  • Year Built: 1940
  • Directions To Property: Burnet Ave to Winton St
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some
  • Total Sq Ft: 2640

Exterior Features

  • Construction: Aluminum/Steel
  • Number of Acres: 0.0971

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Syracuse

Lot Info

  • Parcel Number: 311500-029-000-0010-009-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3593

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2019
Sold by
Madden Christopher T and Madden Alexandra L
Bought by
Potter Eric and Potter Anastasia
Current Estimated Value
$220,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Outstanding Balance
$151,407
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$68,686
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
Potter Eric $175,000 --
Potter Eric $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Chritsopher P $105,000
Closed Hill Chritsopher P $105,000
Open Potter Eric $171,830
Closed Potter Eric $171,830
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $140,000 +0.1% $53 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
07/29/2019 07/29/19 Price Changed $139,900 -6.1% $53 / Sq Ft
06/24/2019 06/24/19 Price Changed $149,000 -6.3% $56 / Sq Ft
05/31/2019 05/31/19 For Sale $159,000 -- $60 / Sq Ft
Source: Central New York Information Services

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 -- $92,000 $6,800 $85,200
2023 $2,035 $92,000 $6,800 $85,200
2022 $2,012 $86,000 $6,800 $79,200
2021 $2,012 $86,000 $6,800 $79,200
2020 $1,835 $86,000 $6,800 $79,200
2019 $1,823 $66,500 $6,800 $59,700
2018 $1,823 $66,500 $6,800 $59,700
2017 $1,742 $66,500 $6,800 $59,700
2016 $1,762 $66,500 $6,800 $59,700
2015 -- $66,500 $6,800 $59,700
2014 -- $66,500 $6,800 $59,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1197522

Central New York Information Services

APN: 311500-029-000-0010-009-000-0000