NOT LISTED FOR SALE

5 Willets Ave Belmont, NY 14813

Estimated Value: $56,000 - $67,000

7 Beds
4 Baths
2,756 Sq Ft
$23/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $55,000 $20 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $465/month

About This Home

As of August 2022

Rarely available triplex in the quaint Village of Belmont in the heart of Allegany County with loads of original ornate architectural details. Owner-occupants...live for free while 2 units pay for the mortgage. Airbnb investors...Close proximity to the expressway, state forests/campgrounds, walking distance, on sidewalk-lined streets to the Genesee River Dam fishing spot(s), Library, Belmont Circle Park, 10 minutes to Angelica & 19 minutes to Alfred State College & Alfred University, & 20 minutes to Houghton College. Perfect for an in-law setup, or to add another cash cow to your portfolio. Double-digit cap rate (20%+) with over $23,000 gross revenue. Separate utilities, low maintenance yard, off-street parking, 2 porches, recent upgrades include tear-off roof ('17/'19), high-efficiency hot water tanks ('15), new Pex plumbing throughout, kitchen appliances in each unit, NEW ('21) covered front porch, covered back porch. The spacious and semi-private backyard is a bonus.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Aug 26, 2022
Sold by
Davis Cory
Bought by
Sheikh Mujahid and Sheikh Muzamal
Seller's Agent
Laura Swogger
Keller Williams Realty Greater Rochester
Buyer's Agent
Laura Swogger
Keller Williams Realty Greater Rochester
List Price
$50,000
Sold Price
$55,000
Premium/Discount to List
$5,000
10%
Current Estimated Value
$63,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,993
Avg. Annual Appreciation
7.26%
Original Mortgage
$44,000
Outstanding Balance
$42,411
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$25,794

Purchase Details

Closed on
Jun 22, 2015
Sold by
County Of Allegany
Bought by
Cory Davis

Purchase Details

Closed on
Jun 2, 2015
Sold by
Palmiter Terry L and Whitehouse Martha M
Bought by
County Of Allegany

Purchase Details

Closed on
Dec 24, 1997
Sold by
Mayo David J
Bought by
Yohe Christina L

Purchase Details

Closed on
Jul 12, 1996
Sold by
Mcnich Margaret R
Bought by
Mayo David
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Sheikh Mujahid $55,000 None Available
Cory Davis $18,000 None Available
County Of Allegany -- None Available
Yohe Christina L $5,000 --
Mayo David $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheikh Mujahid $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $55,000 +10.0% $20 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $50,000 -- $18 / Sq Ft

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 $1,529 $38,200 $1,800 $36,400
2023 $1,507 $38,200 $1,800 $36,400
2022 $1,801 $38,200 $1,800 $36,400
2021 $1,415 $35,500 $1,900 $33,600
2020 $1,814 $35,500 $1,900 $33,600
2019 $1,732 $35,500 $1,900 $33,600
2018 $1,732 $35,500 $1,900 $33,600
2017 $1,747 $35,500 $1,900 $33,600
2016 $1,777 $35,500 $1,900 $33,600
2015 -- $35,500 $1,900 $33,600
2014 -- $35,500 $1,900 $33,600
Source: Public Records

Agents Affiliated with this Home

  • Laura Swogger

    Seller's Agent in 2022

    Laura Swogger

    Keller Williams Realty Greater Rochester

    (585) 301-7737

    278 Total Sales

    Laura Swogger
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Map

New York Allegany County Belmont 14813

5 Willets Ave, Belmont, NY

This home is located at 5 Willets Ave, Belmont, NY 14813 and is currently estimated at $63,993, approximately $23 per square foot. 5 Willets Ave is a home located in Allegany County with nearby schools including Genesee Valley Central School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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