NOT LISTED FOR SALE

342 E Union St Newark, NY 14513

Estimated Value: $120,556

6 Beds
4 Baths
3,936 Sq Ft
$31/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $90,000 $23 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $877/month

88 Days on Market

Highlights

  • Forced Air Cooling System
  • Property is near a bus stop
  • Wall to Wall Carpet

About This Home

As of September 2023

Here is your opportunity to own this income producing 4 unit rental. All units are rented on a month to month bases. All separate utilities, owner pas water and sewer. Some units have newer furnaces and the roof is about 10 years old. Plenty of parking in the rear of the property.

Last Agent to Sell the Property

John Flock

Listing by Towpath Homes License #10301216475 Listed on: 04/20/2023

Last Buyer's Agent

David Nersinger

Listing by Gregory Estates LLC License #10401298865

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,102

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 125 x 66

Parking

  • Stone Driveway

Interior Spaces

  • 3,936 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 584
  • Assessor Parcel Number 542001-068-111-0019-584-047-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,102

Year Built

Built in 1880

Lot Details

0

Listing Details

  • NY Swis Code: Newark-Village-542001
  • Total Assessed Value: 60000
  • Gross Annual Income: 28500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 66
  • Lot Information: Near Bus Line, Primary Road
  • Lot Number: 584
  • Nearest Cross Street: E. Miller
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 473684.21
  • Ratio Close Price By Sq Ft: 22.87
  • Ratio List Price By Acres: 500000.00
  • Ratio List Price By Sq Ft: 24.14
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • School Tax: 1490
  • Sub Board Code: Rochester
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Village: Newark-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 8276
  • Age of Building: 143
  • Year Built: 1880
  • Directions To Property: Property is located on Rt 31 (E. Union Street) on the north side of the street
  • Sq Ft Total Pub: 3936
  • Attribution Contact: 315-923-7653
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Full Bathrooms: 4
  • Basement Description: Full
  • Floor Description: Resilient-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 4.00
  • Total Bedrooms: 6
  • Total Sq Ft: 3936

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1900

Garage/Parking

  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Newark

Lot Info

  • Parcel Number: 542001-068-111-0019-584-047-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 3102

MLS Schools

  • School District Name: Newark

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Aug 10, 2023
Sold by
Messerschmidt Katarzyana
Bought by
Estrame Jean F and Estrame Marie
Seller's Agent
John Flock
Towpath Homes
Buyer's Agent
David Nersinger
Gregory Estates LLC
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%
Views
430
Current Estimated Value
$120,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,556
Avg. Annual Appreciation
14.86%

Purchase Details

Closed on
Dec 20, 2002
Sold by
Frasca Dale J
Bought by
Messerschmidt Katarzyna

Purchase Details

Closed on
May 2, 1997
Sold by
Roy Franzle
Bought by
Frasca Dale J
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
Estrame Jean F $90,000 None Available
Estrame Jean F $90,000 None Available
Messerschmidt Katarzyna $32,000 Michael Ringrose
Messerschmidt Katarzyna $32,000 Michael Ringrose
Frasca Dale J $45,000 --
Frasca Dale J $45,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $90,000 -5.3% $23 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/13/2023 06/13/23 Price Changed $95,000 -5.0% $24 / Sq Ft
04/20/2023 04/20/23 For Sale $100,000 -- $25 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $2,861 $90,000 $38,000 $52,000
2023 $2,861 $60,000 $28,400 $31,600
2022 $3,104 $60,000 $28,400 $31,600
2021 $3,061 $60,000 $28,400 $31,600
2020 $2,991 $60,000 $28,400 $31,600
2019 $2,951 $60,000 $28,400 $31,600
2018 $2,864 $60,000 $28,400 $31,600
2017 $2,830 $60,000 $28,400 $31,600
2016 $2,832 $60,000 $28,400 $31,600
Source: Public Records

Agents Affiliated with this Home

  • John Flock

    Seller's Agent in 2023

    John Flock

    Towpath Homes

    (315) 573-1636

    27 in this area

    124 Total Sales

    John Flock
    Section Image
  • David Nersinger

    Buyer's Agent in 2023

    David Nersinger

    Gregory Estates LLC

    (585) 217-7646

    5 in this area

    116 Total Sales

    David Nersinger
    Section Image
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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1466107

Upstate New York Real Estate Information Services (UNYREIS)

APN: 542001-068-111-0019-584-047-0000

New York Wayne County Newark 14513

342 E Union St, Newark, NY

This home is located at 342 E Union St, Newark, NY 14513 since 20 April 2023 and is currently estimated at $120,556, approximately $30 per square foot. This property was built in 1880. 342 E Union St is a home located in Wayne County with nearby schools including Norman R. Kelley Intermediate School, Newark Middle School, and Newark Senior High School.

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