NOT LISTED FOR SALE

409 W Thomas St Rome, NY 13440

Estimated Value: $88,000 - $129,000

4 Beds
2 Baths
2,229 Sq Ft
$47/Sq Ft Est. Value

Sale Details

Date Sold: November 23, 2022

Last sale price $85,000 $38 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $684 / mo

22 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Wood Siding
  • Woodwork
  • 1.5 Car Garage

About This Home

As of November 2022

Whether you are new to the investment world, looking to expand your investment portfolio, or looking for a place to live and perhaps like the thought of rental income assisting in your mortgage payment, 409 W. Thomas St. offers an array of options! Property updates and highlights include: furnaces and hot water heater (3 YO), kitchens both previously recreated, upstairs bathroom updated, flooring replacements, and a lower-level apartment that boasts space, the original charm & attention to detail that can only be found in a home like this! Built in 1869, this Old Style home has a solid stone foundation -- parged and well maintained over the years, a vacant upstairs, and a lower unit long-standing tenant, currently month to month. The spacious yard, and additional garage are not commonly found when investment property hunting. You will find fruit trees and vegetables in the back yard! With the theme of continued economic prosperity carrying us through 2022, Griffiss Business & Technology Park thriving, and both private and municipal multi-million dollar projects across the Mohawk Valley board -- there is no better a time to invest in our beautiful Mohawk Valley!

Last Agent to Sell the Property

Dana Chirillo

Listing by River Hills Properties LLC Rome License #10301223918 Listed on: 08/29/2022

Last Buyer's Agent

Dana Chirillo

Listing by River Hills Properties LLC Rome License #10301223918 Listed on: 08/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,150

Year Built

  • Built in 1869

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 43x200

Parking

  • 1.5 Car Garage

Home Design

  • Stone Foundation
  • Wood Siding

Interior Spaces

  • 2,229 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

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

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 23
  • Assessor Parcel Number 301301-242-033-0002-023-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,150

Year Built

Built in 1869

Lot Details

8,712 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1869
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Take N. Madison Street to W. Thomas Street. Property is marked with sign.
  • Flooring: Hardwood, Laminate, Tile, Varies
  • Garage Yn: Yes
  • Interior Features: Natural Woodwork
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers, Fuses
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Stone

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Rome

Lot Info

  • Parcel Number: 301301-242-033-0002-023-000-0000
  • Lot Dimensions: 43X200
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 4150.0
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2022
Closed on
Nov 23, 2022
Sold by
Oshel Magda
Bought by
Dehart James
Seller's Agent
Dana Chirillo
River Hills Properties LLC Rome
Buyer's Agent
Dana Chirillo
River Hills Properties LLC Rome
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Current Estimated Value
$104,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,051
Avg. Annual Appreciation
6.09%
Original Mortgage
$63,750
Outstanding Balance
$61,437
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$42,614

Purchase Details

Listed on
Dec 22, 2015
Closed on
Mar 31, 2016
Sold by
Manufacturers & Traders Trust
Bought by
Drook Emily
Seller's Agent
Despina Raucci
Town & City Real Estate
Buyer's Agent
Mvar Nonmember
MVAR NONMEMBER
List Price
$26,400
Sold Price
$18,000
Premium/Discount to List
-$8,400
-31.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.29%

Purchase Details

Closed on
Apr 23, 2015
Sold by
Elmax Enterprises Inc
Bought by
Manufacturers & Traders Trust

Purchase Details

Closed on
Aug 31, 2005
Sold by
Lassacher Maximillian
Bought by
Elmax Enterprises Inc

Purchase Details

Closed on
Jul 10, 2003
Sold by
Migliaccio Allen
Bought by
Lassacher Maximillian
Source: Public Records
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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
Dehart James $85,000 None Available
Drook Emily $18,000 Patricia Bobrow
Manufacturers & Traders Trust $26,425 Anthony R Hanley
Elmax Enterprises Inc -- Kurt Parry
Lassacher Maximillian $44,000 Russell Johnson
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dehart James $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/23/2022 11/23/22 Sold $85,000 -5.5% $38 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
08/29/2022 08/29/22 For Sale $89,900 +91.3% $40 / Sq Ft
08/13/2019 08/13/19 Sold $47,000 -6.0% $21 / Sq Ft View Prior Sale
06/05/2019 06/05/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $50,000 +177.8% $22 / Sq Ft
04/01/2016 04/01/16 Sold $18,000 -31.8% $8 / Sq Ft View Prior Sale
02/22/2016 02/22/16 Pending -- -- --
12/22/2015 12/22/15 For Sale $26,400 -- $12 / Sq Ft
Source: Mid New York Regional MLS

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
2025 -- $34,000 $6,500 $27,500
2024 $1,593 $34,000 $6,500 $27,500
2023 $962 $34,000 $6,500 $27,500
2022 $1,538 $34,000 $6,500 $27,500
2021 $1,491 $34,000 $6,500 $27,500
2020 $1,476 $34,000 $6,500 $27,500
2019 $339 $34,000 $6,500 $27,500
2018 $1,393 $34,000 $6,500 $27,500
2017 $1,361 $34,000 $6,500 $27,500
2016 $3,850 $34,000 $6,500 $27,500
2015 -- $45,000 $6,500 $38,500
2014 -- $45,000 $6,500 $38,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1430656

Mid New York Regional MLS

APN: 242-033-0002-023-000-0000

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