NOT LISTED FOR SALE

38 Pine Grove Ave Kingston, NY 12401

Estimated Value: $369,000 - $470,441

6 Beds
2 Baths
2,299 Sq Ft
$179/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $263,000 $114 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,173/month

147 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1 Car Garage
  • Kingston High School Rated A-
  • Forced Air Heating System

About This Home

As of April 2021

Recently renovated 2-family. Central to all major shopping and downtown Kingston waterfront. Three bedrooms in each unit, plus large detached garage that could be rented and spacious yard. Plenty of parking. Great as investment, or live in one and rent the other. Tenants pay their own utilities, and each unit has a newer natural gas furnace. First floor has front and rear access with laundry room. Laundry has own entrance and could be used by both tenants. First floor unit has basement access. Upstairs apartment has balcony plus loft space that can be used as office or storage. All tenants are month to month.

Last Agent to Sell the Property

Michael Crocitto

Win Morrison Realty License #40CR1053708 Listed on: 10/20/2020

Last Buyer's Agent

George Stephenson

eXp Realty License #10301220441

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,052

Year Built

  • Built in 1925

Lot Details

  • 3,485

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Flooring

  • Wood
  • Ceramic Tile

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Range
  • 3,485 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, taxes, water
  • Legal Lot and Block 4 / 10

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $1,200
  • New Taxes Expense $5,962
  • Net Operating Income $22,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,052

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1925
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.08
  • Co List Office Phone: 845-339-1144
  • MLS Status: Closed
  • Master Plan Zoning: R1
  • Location Tax and Legal:Tax Block: 10
  • General Property Information Lot Size Acres: 0.08
  • General Property Information Lot Size Dimensions: IRR
  • Flooring:Ceramic Tile: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 5962.0
  • Income And Expenses Cap Rate: 8.0
  • Gross Scheduled Income: 33000.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Electric Water Heater
  • Basement: Interior Entry, Partial, Unfinished
  • Flooring: Ceramic Tile, Hardwood, Other, See Remarks
  • Appliances:Electric Water Heater: Yes
  • Basement:Partial: Yes
  • Appliances Range: Yes
  • Basement:Interior Entry: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Frame
  • Construction Materials:Frame: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Other, Off Street, Driveway
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: 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
  • Lot Dimensions: IRR
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Repairs, Sewer, Taxes, Water, Other
  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 600.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 22058.0

Tax Info

  • New Taxes Expense: 5962.0
  • Tax Block: 10
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Apr 23, 2021
Sold by
Sheridan Magdalena and Sheridan Edward
Bought by
Aljabar Meliha
Seller's Agent
Michael Crocitto
Win Morrison Realty
Buyer's Agent
George Stephenson
eXp Realty
List Price
$299,000
Sold Price
$263,000
Premium/Discount to List
-$36,000
-12.04%
Current Estimated Value
$411,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,360
Avg. Annual Appreciation
12.43%

Purchase Details

Listed on
Apr 17, 2018
Closed on
Aug 30, 2018
Sold by
38-40 Pine Grove Inc
Bought by
Sheridan Magdalena
Seller's Agent
Eric Kitchen
Kitchen Realty Group
Buyer's Agent
Michael Crocitto
Win Morrison Realty
List Price
$145,000
Sold Price
$137,500
Premium/Discount to List
-$7,500
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.73%
Original Mortgage
$103,125
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2007
Sold by
Sousa Mark
Bought by
38-40 Pine Grove Inc

Purchase Details

Closed on
Jan 5, 2005
Sold by
Goldstein Sydnie and Brisbois Susan V
Bought by
Sousa Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Aljabar Meliha $263,000 None Available
Sheridan Magdalena $137,500 --
38-40 Pine Grove Inc -- None Available
Sousa Mark $202,000 Main St Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheridan Magdalena $103,125
Previous Owner Sousa Mark $161,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $263,000 0.0% $114 / Sq Ft
03/16/2021 03/16/21 Off Market $263,000 -- --
03/16/2021 03/16/21 Pending -- -- --
11/09/2020 11/09/20 Price Changed $279,000 -6.7% $121 / Sq Ft
10/20/2020 10/20/20 For Sale $299,000 +117.5% $130 / Sq Ft
08/30/2018 08/30/18 Sold $137,500 -5.2% $60 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $145,000 -- $63 / 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 $11,052 $207,000 $17,000 $190,000
2023 $10,968 $207,000 $17,000 $190,000
2022 $10,648 $207,000 $17,000 $190,000
2021 $10,648 $207,000 $17,000 $190,000
2020 $5,961 $165,000 $17,000 $148,000
2019 $3,416 $165,000 $17,000 $148,000
2018 $5,755 $159,000 $16,000 $143,000
2017 $5,849 $159,000 $16,000 $143,000
2016 $5,828 $159,000 $16,000 $143,000
2015 -- $159,000 $16,000 $143,000
2014 -- $159,000 $16,000 $143,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20204575

Hudson Valley Catskills Region Multiple List Service

APN: 0800-056.026-0010-004.000-0000