NOT LISTED FOR SALE

48 S Madison Ave Spring Valley, NY 10977

Spring Valley Neighborhood

Estimated Value: $526,508 - $1,149,000

2 Beds
3.5 Baths
3,206 Sq Ft
$274/Sq Ft Est. Value

Last Sold January 13, 2014

Last sale price $251,500 $78 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $6,297/month

53 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • Wood Siding
  • 1 Car Detached Garage

About This Home

As of January 2014

Good investment - legal rooming house - 12 beds $500 per bed

Last Agent to Sell the Property

Moshe Schwartz

Exit Realty Venture Brokerage Phone: 845-367-7470 License #10311206432 Listed on: 06/13/2013

Exit Realty Venture

Last Buyer's Agent

Moshe Schwartz

Exit Realty Venture Brokerage Phone: 845-367-7470 License #10311206432 Listed on: 06/13/2013

Exit Realty Venture

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,067

Year Built

  • Built in 1915

Lot Details

  • 10,018 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,206 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Eldorado Elementary School
  • Chestnut Ridge Middle School
  • Spring Valley High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 392605.057.055-0001-001.000/0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,067

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1915
  • Attribution Contact: 845-367-7470
  • Village: Spring Valley
  • Hamlet: Spring Valley
  • MaintenanceRepairsExpense: 2500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Full, Unfinished
  • Total Bedrooms: 2
  • Living Area: 3206
  • Owner Pays: Insurance
  • SquareFootage: 3206.00

Exterior Features

  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Detached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Natural Gas
  • NumberOfHeatingZones: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Maintenance Expense: 2500
  • Other Expense: 1000

Schools

  • Middle School: Chestnut Ridge Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 0.2300
  • Lot Size Sq Ft: 10018
  • Lot Size Units: Acres
  • Parcel Number: 392605.057.055-0001-001.000/0000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Fuel Expense: 4750
  • Units Total: 2

Tax Info

  • Tax Annual Amount: 10067
  • Tax Map Number: 392605.057.055-0001-001.000/0000

MLS Schools

  • Elementary School: Eldorado Elementary School
  • High School: Spring Valley High School
  • Middle School District: East Ramapo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2013
Closed on
Jan 13, 2014
Sold by
Emzee L Llc
Bought by
Kt Investors Llc
Seller's Agent
Moshe Schwartz
Exit Realty Venture
Buyer's Agent
Moshe Schwartz
Exit Realty Venture
List Price
$299,000
Sold Price
$251,500
Premium/Discount to List
-$47,500
-15.89%
Current Estimated Value
$877,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,627
Avg. Annual Appreciation
11.84%

Purchase Details

Closed on
Jun 22, 2010
Sold by
Nationwide Holding Group Llc
Bought by
Emzee L Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.78%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 23, 2010
Sold by
Mann Gitel
Bought by
Nationwide Holding Group Llc

Purchase Details

Closed on
Nov 10, 2006
Sold by
Mann Gitel
Bought by
Valley Madison Realty Llc

Purchase Details

Closed on
Sep 22, 2004
Sold by
Appelbaum Craig
Bought by
Mann Gitel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2002
Sold by
Farran George D and Farran Beverly Woods
Bought by
Appelbaum Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,100
Interest Rate
7.15%

Purchase Details

Closed on
Aug 15, 1997
Sold by
Belizaire Francois
Bought by
Farran George D and Farran Beverly Woods

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,800
Interest Rate
7.42%
Mortgage Type
Construction
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
Kt Investors Llc $250,000 Land Track Title Agency Llc
Emzee L Llc $230,000 None Available
Nationwide Holding Group Llc $120,000 New Jersey Title Ins Company
Mann Gitel -- New Jersey Title Ins Company
Valley Madison Realty Llc -- --
Mann Gitel $410,000 National Granite Title Insur
Appelbaum Craig $209,000 --
Farran George D $118,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Emzee L Llc $25,000
Previous Owner Mann Gitel $369,000
Previous Owner Appelbaum Craig $12,713
Previous Owner Appelbaum Craig $188,100
Previous Owner Farran George D $94,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2014 01/13/14 Sold $251,500 -15.9% $78 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
06/13/2013 06/13/13 For Sale $299,000 -- $93 / 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
2023 $18,221 $40,000 $16,700 $23,300
2022 $17,014 $40,000 $16,700 $23,300
2021 $7,009 $40,000 $16,700 $23,300
2020 $12,478 $40,000 $16,700 $23,300
2019 $13,638 $40,000 $16,700 $23,300
2018 $13,638 $40,000 $16,700 $23,300
2017 $12,199 $40,000 $16,700 $23,300
2016 $12,041 $40,000 $16,700 $23,300
2015 -- $40,000 $16,700 $23,300
2014 -- $40,000 $16,700 $23,300
Source: Public Records

Agents Affiliated with this Home

  • Moshe Schwartz

    Seller's Agent in 2014

    Moshe Schwartz

    Exit Realty Venture

    (845) 367-3576

    1 in this area

    16 Total Sales

    Moshe Schwartz
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Map

Source: OneKey® MLS

MLS Number: KEY546604

OneKey® MLS

APN: 392605-057-055-0001-001-000-0000

New York Rockland County Spring Valley 10977 Spring Valley

48 S Madison Ave, Spring Valley, NY

This home is located at 48 S Madison Ave, Spring Valley, NY 10977 since 13 June 2013 and is currently estimated at $877,127, approximately $273 per square foot. This property was built in 1915. 48 S Madison Ave is a home located in Rockland County with nearby schools including Margetts Elementary School, Chestnut Ridge Middle School, and Spring Valley High School.

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