NOT LISTED FOR SALE

423 County Road 44 Norwich, NY 13815

Estimated Value: $178,277

7 Beds
3 Baths
3,600 Sq Ft
$50/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $155,000 $43 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,397/month

37 Days on Market

Highlights

  • River Front
  • Ceiling Fan
  • Wall to Wall Carpet
  • Forced Air Cooling System
  • Space Heater

About This Home

As of June 2023

Well maintained multi-unit residential property offering three residential apartments and a large garage space, ideally suited for vehicle storage or workshop with ample lot space as a commercial opportunity. Excellent opportunity to start or expand your business with the passive income from three renovated residential units or utilize as its current use as a multi-family investment property.

Each of the three apartments offer modern updates and are well maintained. The first floor apartment features two bedrooms and one full baths with a covered area perfect for enjoying the hillside views. The second floor apartment features three bedrooms and one full bath. The rear apartmet features two bedrooms and one full bath as well as a screened in porch overlooking the back creek and eagle's nest!
Bring your Entrepreneurial Spirit and an investor or owner occupant!

Last Agent to Sell the Property

Kevin Walsh

Listing by Keller Williams Upstate NY Properties License #10301203604 Listed on: 03/25/2023

Keller Williams Upstate NY Properties

Last Buyer's Agent

James Ritter

Listing by Payne Team, LLC License #10401357436

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,374

Year Built

  • Built in 1993

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 116 x 348
  • River Front
  • Irregular Lot

Home Design

  • Metal Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Water Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Stone Driveway

Schools

  • Perry Brown Intermediate
  • Norwich High School

Utilities

  • Forced Air Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Rent includes electric, heat, lawn maintenance, snow removal
  • Tax Lot 26
  • Assessor Parcel Number 085200-109-000-0002-026-250-0000

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • Operating Expense $14,195
  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,374

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Annual Operating Expenses: 14195
  • NY Swis Code: Plymouth-085200
  • Total Assessed Value: 60000
  • Foundation Description: Poured
  • Gross Annual Income: 33600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 116
  • Lot Dimension Front: 348
  • Lot Information: Commercial Zoning
  • Lot Number: 26
  • Lot Shape: Irregular
  • Nearest Cross Street: State Hwy 23
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 144859.81
  • Ratio Close Price By Sq Ft: 43.06
  • Ratio List Price By Acres: 149439.25
  • Ratio List Price By Sq Ft: 44.42
  • Regional Board Code: Rochester
  • Rent Includes: Electric, Heat, Lawn Maintenance, Snow Removal
  • Roof Description: Metal
  • School Tax: 2327
  • Sub Board Code: Otsego-Delaware
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 46609
  • Age of Building: 30
  • Year Built: 1993
  • Directions To Property: From the center of Norwich, follow North Broad St (State Hwy 12) to left on County Rd 44 (aka Country Club Rd). Property on left (#423)
  • Sq Ft Total Pub: 3600
  • Attribution Contact: 607-226-8880
  • EnergyEquipment: Propane Tank-Leased
  • WaterRelatedFeatures: Water View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1993

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Ceiling Fan
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 7
  • Total Sq Ft: 3600

Exterior Features

  • Construction: Aluminum/Steel, Concrete Block
  • Waterfront Name: Canasawacta Creek
  • Number of Acres: 1.0700
  • Waterfront Description: River/Stream/Creek

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas, Propane
  • Hvac Type: Forced Air, Space Heater
  • Number of Heating Units: 1
  • Sewer Description: Septic
  • Water Heater Fuel: Electric

Schools

  • School District: Norwich
  • Elementary School: Perry Brown Intermediate
  • High School: Norwich High

Lot Info

  • Parcel Number: 085200-109-000-0002-026-250-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4374

MLS Schools

  • Elementary School Name: Perry Brown Intermediate
  • High School Name: Norwich High
  • School District Name: Norwich

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2023
Closed on
Jun 21, 2023
Sold by
Peaslee Donald J and Peaslee Donna J
Bought by
Azzarello Dominick N
Seller's Agent
Kevin Walsh
Keller Williams Upstate NY Properties
Buyer's Agent
James Ritter
Payne Team, LLC
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Views
126
Current Estimated Value
$178,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,277
Avg. Annual Appreciation
4.47%
Original Mortgage
$152,192
Interest Rate
6.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2016
Sold by
Wenzel Harry
Bought by
Reynolds Keith

Purchase Details

Closed on
Jun 1, 2009
Sold by
Gdp Llc By Parker Pres Gerald D
Bought by
Byrne Renee L

Purchase Details

Closed on
Jul 7, 2005
Sold by
Webb James I
Bought by
Gdp Llc
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
Azzarello Dominick N $155,000 None Available
Reynolds Keith $96,390 Adam Spence
Reynolds Keith $96,390 Adam Spence
Byrne Renee L $15,000 Scott Clippinger
Byrne Renee L $15,000 Scott Clippinger
Gdp Llc $8,500 Scott Clippinger
Gdp Llc $8,500 Scott Clippinger
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Azzarello Dominick N $152,192
Previous Owner Peaslee Donald J $84,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $155,000 -3.1% $43 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
03/25/2023 03/25/23 For Sale $159,900 -- $44 / Sq Ft
Source: Otsego-Delaware Board of REALTORS®

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 $5,117 $60,000 $10,000 $50,000
2023 $5,204 $60,000 $10,000 $50,000
2022 $4,510 $60,000 $10,000 $50,000
2021 $4,373 $60,000 $10,000 $50,000
2020 $4,439 $60,000 $10,000 $50,000
2019 $4,036 $60,000 $10,000 $50,000
2018 $4,036 $60,000 $10,000 $50,000
2017 $4,099 $60,000 $10,000 $50,000
2016 $2,887 $60,000 $10,000 $50,000
2015 -- $60,000 $10,000 $50,000
2014 -- $60,000 $10,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: R1462032

Otsego-Delaware Board of REALTORS®

APN: 085200-109-000-0002-026-250-0000