Seller's Agent in 2022
Laura Swogger
Keller Williams Realty Greater Rochester
(585) 301-7737
306 Total Sales
5 Willets Ave Belmont, NY 14813
Estimated Value: $66,787 - $104,000
7
Beds
4
Baths
2,756
Sq Ft
$28/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Patio
About This Home
As of August 2022Rarely 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.
Last Agent to Sell the Property
Listing by Keller Williams Realty Greater Rochester License #30SW1092952 Listed on: 05/27/2022
Last Buyer's Agent
Listing by Keller Williams Realty Greater Rochester License #30SW1092952 Listed on: 05/27/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,915
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 121 x 59
Parking
- Dirt Driveway
Home Design
- Stone Foundation
- Asphalt Roof
- Metal Roof
- Partial Copper Plumbing
Interior Spaces
- 2,756 Sq Ft Home
- 2-Story Property
- Storm Screens
- Washer and Dryer Hookup
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Outdoor Features
- Deck
- Patio
Utilities
- Multiple Heating Units
- Wall Furnace
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
Listing and Financial Details
- Rent includes refuse removal
- Tax Lot 44
- Assessor Parcel Number 022801-172-013-0001-044-000-0000
Community Details
Overview
- 3 Units
Building Details
- 2 Separate Electric Meters
- 3 Separate Gas Meters
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,197
Avg. Annual Appreciation
10.58%
Original Mortgage
$44,000
Outstanding Balance
$42,133
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$36,064
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
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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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 |
Source: Upstate New York Real Estate Information Services (UNYREIS)
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 | $1,570 | $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
Map
Source: Upstate New York Real Estate Information Services (UNYREIS)
MLS Number: R1409204
APN: 022801-172-013-0001-044-000-0000
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