NOT LISTED FOR SALE

42-44 Summit St Unit 44 Fairport, NY 14450

Estimated Value: $331,000 - $476,000

4 Beds
2 Baths
2,304 Sq Ft
$176/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $170,000 $74 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $2,717/month

36 Days on Market

Highlights

  • Deck
  • Private Yard
  • No Interior Steps
  • Brooks Hill School Rated A-
  • Thermal Windows
  • Accessible Bedroom

About This Home

As of February 2017

Village money maker! Turnkey two family building. Features include FAIRPORT ELECTRIC with separate meters, walkout basement (under deck with easy access deck floor), just installed tear off roof, newer hot water heaters, newer sump pump, mostly newer vinyl clad replacement windows, separate basements each with laundry hook-ups and large yard. Property also includes a very large 2+ car garage. This set up is ideal for either an owner occupant or and investor owner looking for a monthly cash flow. Both current tenants are long term and all rents are current.

Last Agent to Sell the Property

Carmen Lonardo

Listing by RE/MAX Realty Group License #10301204632 Listed on: 12/15/2016

RE/MAX Realty Group

Last Buyer's Agent

William Delzell

Listing by Lake Homes Realty LLC License #10401241545

Lake Homes Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,872

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 132 x 90
  • Private Yard

Home Design

  • Block Foundation
  • Stone Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 2,304 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Scuttle Attic Hole

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 2 Car Garage
  • On-Street Parking

Accessible Home Design

  • Accessible Bedroom
  • No Interior Steps

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Deck
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes garage, refuse removal, water
  • Assessor Parcel Number 264403-153-170-0003-014-000

Community Details

Overview

  • 2 Units
  • Village/Fairport Community
  • Village/Fairport Subdivision

Building Details

  • 2 Separate Electric Meters
  • Operating Expense $3,000
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,872

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessibility: Entry Level Bedroom, No Interior Steps
  • Annual Operating Expenses: 3000
  • NY Swis Code: Fairport-Village-264403
  • Total Assessed Value: 159000
  • Foundation Description: Block, Stone
  • Gross Annual Income: 21600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 90
  • Lot Information: Near Bus Line, Neighborhood Street
  • Nearest Cross Street: South Main
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 629629.63
  • Ratio Close Price By Sq Ft: 73.78
  • Ratio List Price By Acres: 666296.30
  • Ratio List Price By Sq Ft: 78.08
  • Regional Board Code: Rochester
  • Rent Includes: Garage, Refuse Removal, Water
  • School Tax: 3739
  • Sub Board Code: Rochester
  • Type of Residence: 2 Lot - 2 Dwellings, Upper/Lower
  • Type of Sale: Normal
  • Village: Fairport-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 11761
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Summit Street runs between South Main Street (NYS Route 250) and Turk Hill Road.
  • Subdivision Comm Complex: Village/Fairport
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Storage, Sump Pump
  • Attic Description: Crawl Space, Scuttle Access
  • Basement Description: Exterior Walkout, Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Electric-Some, Refrigerator
  • Total Sq Ft: 2304

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available, Deck, Private Yard - see Remarks, Satellite Dish, Thermal Windows - Some
  • Number of Acres: 0.2700

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Blacktop, Garage, Street

Utilities

  • Heating Fuel Description: Electric
  • Hvac Type: Baseboard, Municipal Electric
  • Number of Heating Units: 2
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Lot Info

  • Parcel Number: 264403-153-170-0003-014-000

Rental Info

  • Certificate of Occupancy: Not Required
  • Type of Tenancy: Leased

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 6872

MLS Schools

  • School District Name: Fairport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2016
Closed on
Feb 21, 2017
Sold by
Lonardo Joseph and Lonardo Jennifer
Bought by
Boyes Alexander J
Seller's Agent
Carmen Lonardo
RE/MAX Realty Group
Buyer's Agent
William Delzell
Lake Homes Realty LLC
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Current Estimated Value
$379,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,248
Avg. Annual Appreciation
10.50%
Original Mortgage
$154,836
Outstanding Balance
$128,162
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$277,190

Purchase Details

Closed on
Jan 22, 1999
Sold by
Ackerman Peter W
Bought by
Lonardo Joseph
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
Boyes Alexander J $168,750 None Available
Lonardo Joseph $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyes Alexander J $154,836
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $170,000 -5.5% $74 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
12/15/2016 12/15/16 For Sale $179,900 -- $78 / 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 $8,666 $179,000 $45,400 $133,600
2023 $8,293 $179,000 $45,400 $133,600
2022 $8,048 $179,000 $45,400 $133,600
2021 $8,048 $179,000 $45,400 $133,600
2020 $7,919 $179,000 $45,400 $133,600
2019 $5,777 $179,000 $31,800 $147,200
2018 $7,496 $179,000 $31,800 $147,200
2017 $3,788 $159,000 $31,800 $127,200
2016 $5,777 $159,000 $31,800 $127,200
2015 -- $159,000 $31,800 $127,200
2014 -- $159,000 $31,800 $127,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: R1017817

Upstate New York Real Estate Information Services (UNYREIS)

APN: 264403-153-170-0003-014-000