NOT LISTED FOR SALE

5 Broadway Ave Cortland, NY 13045

Estimated Value: $216,000 - $259,000

4 Beds
2 Baths
2,280 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 21, 2021

Last sale price $175,000 $77 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,636/month

3 Days on Market

About This Home

As of September 2021

Two-Family home with a history of being leased to students. Leases signed for for the following 2021-2022 school year for $3,400 per student per semester. The lower unit is a 2 bedroom, the upper unit is a 3 bedroom. Other highlights include large front porch, two-car garage, laundry in basement, new windows throughout, hardwood floors, there are 2 furnaces and 2 electric meters however landlord does pay the heat and electric. The Income/Expense is attached the listing.

Last Agent to Sell the Property

Jason Hage

Listing by Hage Real Estate License #10311209965 Listed on: 05/24/2021

Last Buyer's Agent

Jason Hage

Listing by Hage Real Estate License #10311209965 Listed on: 05/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,250

Year Built

  • Built in 1920

Lot Details

  • 7,672 Sq Ft Lot
  • Lot Dimensions are 122 x 62

Parking

  • 2 Car Garage

Home Design

  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Tax Lot 62
  • Assessor Parcel Number 110200-086-080-0001-062-100-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $14,012
  • Gross Income $34,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,250

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Annual Operating Expenses: 14012
  • NY Swis Code: Cortland-110200
  • Total Assessed Value: 100900
  • Foundation Description: Stone
  • Gross Annual Income: 34000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 122
  • Lot Dimension Front: 62
  • Lot Information: Secondary Road
  • Lot Number: 62
  • Nearest Cross Street: Tompkins Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 993753.55
  • Ratio Close Price By Sq Ft: 76.75
  • Ratio List Price By Acres: 1021578.65
  • Ratio List Price By Sq Ft: 78.90
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1950
  • Sub Board Code: Cortland
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7672
  • Age of Building: 102
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 2280
  • Directions To Property: From Tompkins street, house is on your left
  • Sq Ft Total Pub: 2280
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Total Sq Ft: 2280

Exterior Features

  • Construction: Aluminum/Steel
  • Number of Acres: 0.1761

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 110200-086-080-0001-062-100-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5250

MLS Schools

  • School District Name: Cortland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Lewis Jonathan
Bought by
5 Broadway Ave Cortland Llc
Current Estimated Value
$236,058

Purchase Details

Listed on
May 24, 2021
Closed on
Aug 13, 2021
Sold by
Stacy Robert L and Stacy Sarah B
Bought by
Lewis Jonathan
Seller's Agent
Jason Hage
Hage Real Estate
Buyer's Agent
Jason Hage
Hage Real Estate
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$131,250
Interest Rate
2.8%
Mortgage Type
New Conventional
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
5 Broadway Ave Cortland Llc -- None Listed On Document
Lewis Jonathan -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Jonathan $131,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2021 09/21/21 Sold $175,000 -2.7% $77 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $179,900 -- $79 / Sq Ft
Source: Cortland County 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 $4,801 $205,000 $15,300 $189,700
2023 $7,468 $140,000 $10,700 $129,300
2022 $6,162 $140,000 $10,700 $129,300
2021 $5,460 $100,900 $10,700 $90,200
2020 $5,289 $100,900 $10,700 $90,200
2019 $3,343 $100,900 $10,700 $90,200
2018 $5,309 $100,900 $10,700 $90,200
2017 $5,222 $100,900 $10,700 $90,200
2016 $5,020 $100,900 $10,700 $90,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1339123

Cortland County Board of REALTORS®

APN: 110200-086-080-0001-062-100-0000