NOT LISTED FOR SALE

5 S Park St Cambridge, NY 12816

Estimated Value: $362,487

4 Beds
4 Baths
3,669 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $360,000 $98 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,445/month

190 Days on Market

Highlights

  • Downtown View
  • Wood Flooring
  • No HOA
  • Deck
  • Full Attic
  • Front Porch

About This Home

As of May 2024

Opportunity to owner occupy this meticulously maintained 4 unit located in the center of the Village of Cambridge and offset your mortgage! (ask me about the 5% down multifamily owner occupied program!) or.... INVESTMENT PROPERTY! Each unit has one bedroom. This property has many amenities that are not common to many rental properties, such as....porches, on-site laundry, large yard and off street parking. Pride of ownership is very apparent from the roof to the basement and the curb to the back property line. Nothing to do here but decide how the property will best work for you!

Last Agent to Sell the Property

Nicole McLenithan

Nicole McLenithan Real Estate License #10491213597 Listed on: 09/11/2023

Last Buyer's Agent

Kari Laney

haha3

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,939

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 0.46 Acre Lot
  • Property fronts a private road
  • Gated Home
  • Privacy Fence
  • Vinyl Fence
  • Back Yard Fenced
  • Chain Link Fence
  • Perimeter Fence
  • Level Lot
  • Cleared Lot

Home Design

  • Quadruplex
  • Stone Foundation
  • Slate Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 3,669 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Paddle Fans
  • Wood Burning Fireplace
  • Double Pane Windows
  • Window Screens
  • French Doors
  • Living Room with Fireplace
  • Downtown Views
  • Full Attic

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Ceramic Tile in Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Home Security

  • Prewired Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Cambridge Elementary School
  • Cambridge High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Fuel Tank
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection, hot water, heat, water, cable TV, electricity
  • The owner pays for sewer, snow removal, water, electricity, grounds care
  • Legal Lot and Block 33 / 4
  • Assessor Parcel Number 256.17-4-33

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,939

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Quadruplex
  • Zoning: Multi Residence
  • Year Built: 1900
  • Directions: Property is located just south of the traffic light in the village of Cambridge
  • Above Grade Finished Sq Ft: 3669.0
  • Financial Details General Taxes: 1873.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 3536.0
  • School Taxes Description: Actual
  • Financial Details Village Taxes: 1530.0
  • Village Taxes Description: Actual
  • Lot Size Acres: 0.46
  • New Construction: No
  • Parking Features Parking Total: 8.0
  • Sale Detail Buyer Zip Code: 12153
  • Sale Detail Seller Contribution: Yes
  • Insurance Expense Description: Actual
  • Rental Income: 1050.0
  • Rental Income Description: Actual
  • Number of Dishwashers: 1
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 4
  • Unit Information Number Of Stoves: 4
  • Unit Information Number Of Washers: 1
  • Fencing:Back Yard: Yes
  • Fencing:Privacy: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Ceramic Tile: Yes
  • Laundry Features:In Basement: Yes
  • Foundation Details:Stone4: Yes
  • Fencing:Chain Link: Yes
  • Electric:Circuit Breakers: Yes
  • View:Downtown: Yes
  • Fencing:Vinyl2: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Ceramic Tile, Hardwood, Linoleum
  • Basement: Bilco Doors, Exterior Entry, Full, Interior Entry
  • Interior Amenities: Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace Features: Wood Burning, Living Room, Pellet Stove
  • Fireplaces: 1
  • Living Area: 3669.0
  • Other Equipment: Fuel Tank(s)
  • Window Features: Screens, Double Pane Windows
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 2nd
  • Bathroom Levels Full Bathroom 4: 2nd
  • Owner Pays: Sewer, Snow Removal, Water, Electricity, Grounds Care
  • Fireplace: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Paddle Fan: Yes
  • Full Basement: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Basement:Exterior Entry: Yes
  • Attic Features:Walk-Up: Yes
  • Attic Features:Windows: Yes
  • Basement:Interior Entry: Yes
  • Basement:Bilco Doors: Yes
  • Interior Features:Built-in Features: Yes
  • Attic Features:Full2: Yes
  • Fireplace Features:Pellet Stove2: Yes
  • Fencing Perimeter: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Slate, Asphalt
  • Construction Type: Wood Siding
  • Fencing: Privacy, Vinyl, Back Yard, Chain Link, Gate, Perimeter
  • Foundation Details: Stone
  • Other Structures: None
  • Patio And Porch Features: Rear Porch, Deck, Front Porch
  • View: Downtown
  • Waterfront: No
  • Property Condition: Updated/Remodeled
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Deck: Yes
  • Exterior Features:None37: Yes
  • Lot Features:Level: Yes
  • Lot Features:Road Frontage: Yes
  • Lot Features:Cleared: Yes
  • Door Features:French Doors: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Window Features:Double Pane Windows2: Yes
  • Window Features:Screens2: Yes

Garage/Parking

  • Parking Features: Off Street, Stone, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 8.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Stone2: Yes

Utilities

  • Utilities: Cable Available
  • Sewer: Septic Tank
  • Cooling: None
  • Electric: 200+ Amp Service, Circuit Breakers
  • Heating: Electric, Forced Air, Oil
  • Laundry Features: In Basement
  • Security: Prewired, Smoke Detector(s), Carbon Monoxide Detector(s)
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Electric: Yes
  • Heating:Oil2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 1 Amenities:Ceramic Tile2: Yes
  • Unit 1 Amenities:High Speed Internet3: Yes
  • Unit 2 Amenities:Built-in Features5: Yes
  • Unit 2 Amenities:High Speed Internet4: Yes
  • Unit 3 Amenities:High Speed Internet5: Yes
  • Unit 4 Amenities:High Speed Internet6: Yes
  • Unit 2 Amenities:French Doors3: Yes
  • Unit 3 Amenities:Ceramic Tile4: Yes

Schools

  • Junior High Dist: Cambridge

Lot Info

  • Land Lease: No
  • Lot Features: Level, Road Frontage, Cleared
  • Parcel #: 256.17-4-33
  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Hot Water, Heat, Water, Cable TV, Electricity

Multi Family

  • Insurance Expense: 2000.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6939.0
  • Tax Block: 4
  • Tax Lot: 33
  • Tax Tract: 256.17

MLS Schools

  • Elementary School: Cambridge
  • HighSchool: Cambridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
May 1, 2024
Sold by
Henry David M and Henry Cynthia M
Bought by
Rivas-Gonzalez Juan M
Seller's Agent
Nicole McLenithan
Nicole McLenithan Real Estate
Buyer's Agent
Kari Laney
haha3
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%
Views
134
Current Estimated Value
$362,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,487
Original Mortgage
$367,740
Outstanding Balance
$364,391
Interest Rate
7.1%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Rivas-Gonzalez Juan M $360,000 Misc Company
Rivas-Gonzalez Juan M $360,000 Misc Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas-Gonzalez Juan M $367,740
Closed Rivas-Gonzalez Juan M $367,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $360,000 -7.7% $98 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
10/13/2023 10/13/23 Price Changed $390,000 -2.3% $106 / Sq Ft
09/11/2023 09/11/23 For Sale $399,000 +370.5% $109 / Sq Ft
01/19/2012 01/19/12 Sold $84,800 -15.1% $54 / Sq Ft
12/28/2011 12/28/11 Pending -- -- --
07/10/2011 07/10/11 For Sale $99,900 -- $64 / Sq Ft
Source: Global 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
2024 $5,519 $250,000 $21,400 $228,600
2023 $6,866 $250,000 $21,400 $228,600
2022 $6,657 $250,000 $21,400 $228,600
2021 $5,899 $110,357 $5,200 $105,157
2020 $5,879 $110,357 $5,200 $105,157
2019 $5,896 $110,357 $5,200 $105,157
2018 $5,896 $110,357 $5,200 $105,157
2017 $5,683 $110,357 $5,200 $105,157
2016 $5,640 $110,357 $5,200 $105,157
2015 -- $110,357 $5,200 $105,157
2014 -- $110,357 $5,200 $105,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202324543

Global MLS

APN: 535001 256.17-4-33 01