NOT LISTED FOR SALE

42 Otis Dr Palenville, NY 12463

3 Beds
3 Baths
-- Sq Ft
1.5 Acres

Last Sold May 26, 2022

Last sale price $350,000

229 Days on Market

Highlights

  • 1.5 Acre Lot
  • Wooded Lot
  • Skylights
  • Private Lot
  • No HOA
  • Window Unit Cooling System

About This Home

As of May 2022

Here is your investment opportunity that doubles as your country getaway! Don't be fooled by the rustic exterior of the this three unit building consisting of three one bedroom apartments. The main first floor apartment is ready for year round living, your weekend getaway and also has definite Air B'n'B potential. This apartment has two additional rooms that can be used as an office or den. Units 2 and 3 are lovingly taken care of with long term tenants. Apartment 3 has an additional room that can be used as a den, office or studio. Property is on 1.5 acres on a private road with very few neighbors so it has a semi-secluded feel out in the woods. Electric and kerosene heat are separated for Units 2 and 3. Unit one has electric heat and a propane gas free standing stove. Electric, heat and garbage are the responsibilities of the tenants. Owner pays taxes and insurance.

Last Agent to Sell the Property

Philip Kelly

Howard Hanna Rand Realty License #40KE0990582 Listed on: 06/15/2021

Howard Hanna Rand Realty

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,177

Year Built

  • Built in 1952

Lot Details

  • 1.5 Acre Lot
  • Dirt Road
  • Landscaped
  • Private Lot
  • Wooded Lot

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Heating System Uses Kerosene
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Legal Lot and Block 6 / 2

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $2,400
  • New Taxes Expense $5,177
  • Net Operating Income $7,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,177

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Year Built: 1952
  • Property Sub-Type: Triplex
  • Lot Size Acres: 1.5
  • Road Surface Type: Dirt, Gravel
  • Co List Office Phone: 845-338-5252
  • MLS Status: Closed
  • Master Plan Zoning: 08
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 1.5
  • General Property Information Lot Size Dimensions: 1.5 Acres
  • Flooring:Carpet: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling Ceiling Fan(s): Yes
  • Income And Expenses New Taxes Expense: 5177.0
  • Foundation Details Slab: Yes
  • Gross Scheduled Income: 15000.0
  • Cooling:Window Unit(s): Yes
  • Location Tax and Legal:Tax Annual Amount: 5177.0
  • General Property Information Stories2: 2
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Well: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • Road Surface Type Dirt2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer, Refrigerator, Range, Microwave, Electric Water Heater, Dryer, Dishwasher
  • Interior Amenities: Kitchen Island
  • Fireplace: Yes
  • Flooring: Carpet, Varies, Other, See Remarks
  • Stories: 2
  • Appliances:Electric Water Heater: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Fireplace Features:Free Standing: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Kitchen Island: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Private: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Electric: 200+ Amp Service
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Kerosene, Propane, Other, See Remarks
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Propane2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Kerosene: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Junior High Dist: Catskill School District

Lot Info

  • Lot Features: Landscaped, Private, Wooded
  • Lot Dimensions: 1.5 Acres
  • Lot Size Sq Ft: 65340.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes
  • Tenant Pays: All Utilities, Electricity, Trash Collection, Other

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 2400.0
  • Net Operating Income: 7423.0

Tax Info

  • New Taxes Expense: 5177.0
  • Tax Annual Amount: 5177.0
  • Tax Block: 2
  • Tax Lot: 6

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $350,000 0.0% --
01/30/2022 01/30/22 Off Market $350,000 -- --
01/30/2022 01/30/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $329,000 -6.0% --
12/16/2021 12/16/21 Off Market $350,000 -- --
06/15/2021 06/15/21 For Sale $329,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Philip Kelly

    Seller's Agent in 2022

    Philip Kelly

    Howard Hanna Rand Realty

    (845) 430-6334

    3 in this area

    84 Total Sales

    Philip Kelly
    Section Image

  • N

    Buyer's Agent in 2022

    NON MLS OFFICE

    Anderson Agency

See All Agents

Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20212240

Hudson Valley Catskills Region Multiple List Service
New York Greene County Palenville 12463

42 Otis Dr, Palenville, NY

This home is located at 42 Otis Dr, Palenville, NY 12463 since 15 June 2021. This property was built in 1952. 42 Otis Dr is a home located in Greene County with nearby schools including Catskill Elementary School, Catskill Middle School, and Catskill Senior High 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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