NOT LISTED FOR SALE

418 S 2nd Ave Mount Vernon, NY 10550

Estimated Value: $477,367 - $879,000

6 Beds
3 Baths
3,000 Sq Ft
$243/Sq Ft Est. Value

Last Sold January 12, 2019

Last sale price $355,000 $118 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $5,212/month

27 Days on Market

Highlights

  • Colonial Architecture
  • 3 Car Detached Garage
  • Park
  • Property is near public transit
  • Eat-In Kitchen
  • 4-minute walk to Brush Park

About This Home

As of January 2019

Excellent income producer. Rents are below market value. Fantastic three family detached investment property. House needs some TLC. Perfect for a first time home buyer or investor.Great opportunity, live in one unit and rent out the others. First floor apartment has nice floor plan which includes two bedrooms, living room, kitchen and bath.Second floor has two bedrooms, Living room, Kitchen and Bath. Third floor has two bedrooms, Living room,Kitchen and bath. House sits on nice piece of land and as an added bonus home also comes with a three car garage.Taxes do not reflect star reduction. Home is located close to Highway, Bus and all. Make this money maker yours today before someone else does.

Last Agent to Sell the Property

Raymond Dutczak

ARA1 Realty Group, LLC License #10301206859 Listed on: 08/01/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,800

Year Built

  • Built in 1930

Lot Details

  • 5,131 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Blown Fiberglass Insulation
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Instant Hot Water

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Edward Williams Elementary School

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating System Uses Steam
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 0800-169-031-03116-000-0003

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,800

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 3000.00
  • Square Footage: 3000.00

Exterior Features

  • Construction Materials: Fiberglass Insulation, Stucco

Garage/Parking

  • Total Parking Spaces: 4.00
  • Attached Garage: No
  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Description: Detached, 3 Car Detached, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Steam
  • Hot Water: On Demand
  • Heating Zones: 3
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Trash Collection, Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No

Schools

  • Elementary School: Edward Williams School
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.1200
  • Lot Size Area: 0.1200
  • Lot Dimensions: 0.1178
  • Lot Size Sq Ft: 5131.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 0800-169-031-03116-000-0003
  • Property Attached: No

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Tax Info

  • Close Date: 2019-01-12
  • Included in Taxes: Sewer
  • Tax Annual Amount: 12800.00
  • Tax Map Number: 0800-169-031-03116-000-0003

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

MLS Schools

  • Elementary School: Edward Williams School
  • High School: Call Listing Agent
  • Middle School District: Mount Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Jan 10, 2019
Sold by
Allen Rachel and Mckoy Patricia
Bought by
Noam Twenty Three Llc
Seller's Agent
Raymond Dutczak
ARA1 Realty Group, LLC
List Price
$319,999
Sold Price
$355,000
Premium/Discount to List
$35,001
10.94%
Current Estimated Value
$729,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,342
Avg. Annual Appreciation
11.55%
Original Mortgage
$455,300
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2011
Sold by
Graham Patsy
Bought by
Allen Rachel and Mckoy Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,010
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1998
Sold by
Casale Peter John and Ferrante Marguerite
Bought by
Graham Vonnetta

Purchase Details

Closed on
Nov 27, 1996
Sold by
Graham Patsy and Graham Vonetta
Bought by
Graham Patsy
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Noam Twenty Three Llc $355,000 Judicial Title Ins Agcy Llc
Allen Rachel $275,000 Judicial Title Insurance
Graham Vonnetta $181,000 Lawyers Title Insurance Corp
Graham Patsy -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Noam Twenty There Llc $455,300
Previous Owner Allen Rachel $83,728
Previous Owner Allen Rachel $299,010
Previous Owner Graham Patsy $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2019 01/12/19 Sold $355,000 +10.9% $118 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $319,999 -- $107 / Sq Ft
Source: OneKey® MLS

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 $14,850 $9,000 $2,000 $7,000
2023 $11,555 $9,000 $2,000 $7,000
2022 $14,190 $9,000 $2,000 $7,000
2021 $13,934 $9,000 $2,000 $7,000
2020 $13,272 $9,000 $2,000 $7,000
2019 $13,108 $9,000 $2,000 $7,000
2018 $0 $9,000 $2,000 $7,000
2017 $0 $9,000 $2,000 $7,000
2016 $12,819 $9,000 $2,000 $7,000
2015 -- $9,000 $2,000 $7,000
2014 -- $9,000 $2,000 $7,000
2013 -- $9,000 $2,000 $7,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4835572

OneKey® MLS

APN: 0800-169-031-03116-000-0003