NOT LISTED FOR SALE

41 S Chestnut St New Paltz, NY 12561

Estimated Value: $637,000 - $793,000

7 Beds
3 Baths
1,600 Sq Ft
$446/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $315,350 $197 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $4,866/month

49 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-minute walk to Hasbrouck Park
  • Landscaped

About This Home

As of January 2018

Three unit income property located only one short block from SUNY New Paltz. This is almost the perfect student rental property, one three bedroom unit, a one bedroom unit and a studio apartment. The 3 bed and one bedroom apartments have been recently updated and have new ranges and refrigerators and are freshly painted. They are vacant and ready for occupancy. The cute studio apartment is currently rented. The corner lot has good front and rear parking and there is an ample storage area in the basement. There are 3 electric services and 3 hot water heaters. Priced well below village assessed valuation with an estimated cap rate of 8.7%. Easy to show!

Last Agent to Sell the Property

Daniel Winn

Halter Associates Realty Listed on: 11/20/2017

Last Buyer's Agent

Barry Glassman

Past Member License #40GL0839359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,057

Year Built

  • Built in 1960

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 70 x 130
  • Landscaped

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Attic

  • Storage In Attic

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • Range
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • The owner pays for insurance, management, oil, repairs, sewer, taxes, trash collection, water
  • Legal Lot and Block 4.1 / 2

Community Details

Overview

  • No Home Owners Association

Building Details

  • Fuel Expense $2,200
  • Insurance Expense $1,200
  • New Taxes Expense $11,463
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,057

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub-Type: Triplex
  • Lot Size Acres: 0.15
  • Road Surface Type: Asphalt
  • Co List Office Phone: 845-679-2010
  • MLS Status: Closed
  • Master Plan Zoning: R2
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Lot Size Dimensions: 70 x 130
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 11463.0
  • Income And Expenses Cap Rate: 9.0
  • Gross Scheduled Income: 42000.0
  • Income And Expenses Fuel Expense: 2200.0
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Roof:Metal2: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Electric Water Heater
  • Basement: Finished, Full
  • Flooring: Varies
  • Appliances:Electric Water Heater: Yes
  • Full Basement: Yes
  • Basement Finished: Yes
  • Appliances Range: Yes
  • Attic Features:Storage Only: Yes

Exterior Features

  • Roof: Metal
  • Construction Type: Brick, Frame, Vinyl Siding
  • Construction Materials:Frame: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Heating: Forced Air, Oil
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Oil: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 700.0

Lot Info

  • Lot Features: Landscaped
  • Lot Dimensions: 70 x 130
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Management, Oil, Repairs, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity

Multi Family

  • Insurance Expense: 1200.0
  • Net Operating Income: 25200.0

Tax Info

  • New Taxes Expense: 11463.0
  • Tax Block: 2
  • Tax Lot: 4.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2017
Closed on
Jan 23, 2018
Sold by
D A Winn Llc 401K Prof T
Bought by
Gavagan Mark and Gavagan Kimberly
Seller's Agent
Daniel Winn
Halter Associates Realty
Buyer's Agent
Barry Glassman
Past Member
List Price
$289,000
Sold Price
$315,350
Premium/Discount to List
$26,350
9.12%
Current Estimated Value
$714,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,705
Avg. Annual Appreciation
11.27%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Ciardiello Rocco
Bought by
Valdina Jordan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,400
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Gavagan Mark $315,350 --
Valdina Jordan $392,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valdina Jordan $274,400
Previous Owner Ellsworth Steven F $27,823
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2018 01/23/18 Sold $315,350 +2.1% $197 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
12/21/2017 12/21/17 Price Changed $309,000 +6.9% $193 / Sq Ft
11/20/2017 11/20/17 For Sale $289,000 -- $181 / 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 $12,057 $331,500 $41,300 $290,200
2023 $13,584 $331,500 $41,300 $290,200
2022 $11,432 $331,500 $41,300 $290,200
2021 $11,432 $331,500 $41,300 $290,200
2020 $11,542 $331,500 $41,300 $290,200
2019 $9,662 $331,500 $41,300 $290,200
2018 $12,070 $331,500 $41,300 $290,200
2017 $18,814 $331,500 $41,300 $290,200
2016 $9,662 $331,500 $41,300 $290,200
2015 -- $331,500 $41,300 $290,200
2014 -- $331,500 $41,300 $290,200
Source: Public Records

Agents Affiliated with this Home

  • Daniel Winn

    Seller's Agent in 2018

    Daniel Winn

    Halter Associates Realty

    (845) 802-3954

    32 Total Sales

    Daniel Winn
    Section Image

  • B

    Buyer's Agent in 2018

    Barry Glassman

    Past Member

    Section Image
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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20175318

Hudson Valley Catskills Region Multiple List Service

APN: 3801-086.041-0002-004.100-0000

New York Ulster County New Paltz 12561

41 S Chestnut St, New Paltz, NY

This home is located at 41 S Chestnut St, New Paltz, NY 12561 since 20 November 2017 and is currently estimated at $714,055, approximately $446 per square foot. This property was built in 1960. 41 S Chestnut St is a home located in Ulster County with nearby schools including Duzine Elementary School, Lenape Elementary School, and New Paltz Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hudson Valley Catskills Region Multiple List Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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