NOT LISTED FOR SALE

473 E Main St Malone, NY 12953

Malone Area

Estimated Value: $433,875

Studio
9 Baths
8,000 Sq Ft
$54/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2024

Last sale price $400,000 $50 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,726 / mo

Highlights

  • Forced Air Heating System
  • Level Lot
  • Wood Siding
  • Baseboard Heating

About This Home

As of May 2024

Property consists of 9 residential rental units and two store fronts. 9 units are rented as well as 1 store front. Total annual income =$92,000. Owner will rent back second store front for $800/month. 479 - Accounting office 1680 square feet, 2 offices, 2 1/2 baths, reception area and large work area. Rent is $1250/month. Tenant pays electric. 473 is store front, 1300 square feet, open floor plan 1/2 bath and small office. Owner would pay heat and lights. 473 has separate electric for all units. Parking in rear of building for 7-8 vehicles. Excellent location and cash flow for rentals.

Last Agent to Sell the Property

Ed Legacy

North Country Realty License #35LE0490675 Listed on: 04/25/2023

Last Buyer's Agent

Ed Legacy

North Country Realty License #35LE0490675 Listed on: 04/25/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,833

Year Built

  • Built in 1890

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Rolled or Hot Mop Roof
  • Flat Tile Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 8,000 Sq Ft Home
  • Vinyl Clad Windows
  • Insulated Windows
  • Range Hood

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • No Garage
  • 8 Open Parking Spaces

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Natural Gas Connected
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 112.35-3-9,112.35-3-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,833

Year Built

Built in 1890

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Frontage Type: Public
  • Subdivision Name: None
  • Directions: Main St between Key Bank and Kinney Drugs
  • Structure Type: Front & Back
  • Year Built: 1890
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater, Range Hood, Refrigerator, Water Heater
  • Has Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Interior Amenities: Apartment
  • Window Features: Insulated Windows, Vinyl Clad Windows
  • Appliances:Range Hood: Yes
  • Full Basement: Yes
  • Basement:Unfinished: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Exterior Entry: Yes
  • Interior Features:Apartment2: Yes

Exterior Features

  • Lot Features: Level
  • View: Commercial
  • Waterfront: No
  • Construction Type: Brick, Stone, Wood Siding
  • Foundation Details: Stone
  • Roof: Flat, Rolled/Hot Mop
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Wood Siding: Yes
  • Window Features:Vinyl Clad Windows: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
  • Parking Features: No Garage
  • Parking Features:No Garage: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Forced Air, Hot Water, Propane
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 200+ Amp Service
  • Utilities: Cable Available, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Water Heater: Yes
  • Heating:Hot Water2: Yes
  • Heating:Propane2: Yes

Schools

  • Junior High Dist: Malone

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 112.35-3-9,112.35-3-10
  • Zoning: Commercial
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Leased: 10

Tax Info

  • Tax Annual Amount: 5833.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Apr 18, 2024
Sold by
Bought by
Seller's Agent
Ed Legacy
North Country Realty
Buyer's Agent
Ed Legacy
North Country Realty
List Price
$495,000
Sold Price
$400,000
Premium/Discount to List
-$95,000
-19.19%
Views
135
Current Estimated Value
$433,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,875
Avg. Annual Appreciation
3.85%
Original Mortgage
$300,000
Interest Rate
0.071%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 10, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 None Listed On Document
$80,000 --
-- Stephen Vanier
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $400,000 -19.2% $50 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $495,000 -- $62 / Sq Ft
Source: Adirondack-Champlain Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,422 $80,000 $5,000 $75,000
2024 $4,422 $80,000 $5,000 $75,000
2023 $4,227 $80,000 $5,000 $75,000
2022 $4,080 $80,000 $5,000 $75,000
2021 $3,188 $80,000 $5,000 $75,000
2020 $1,996 $34,400 $5,000 $29,400
2019 $2,114 $34,400 $5,000 $29,400
2018 $1,945 $34,400 $5,000 $29,400
2017 $2,511 $45,000 $5,000 $40,000
2016 $2,275 $45,000 $5,000 $40,000
2015 -- $45,000 $5,000 $40,000
2014 -- $45,000 $5,000 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 178528

APN: 164801-112-025-0003-010-000-0000

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