NOT LISTED FOR SALE

500 N George St Rome, NY 13440

Estimated Value: $139,479

5 Beds
3 Baths
2,609 Sq Ft
$53/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $127,500 $49 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $899/month

208 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Ceiling Fan
  • Full Attic
  • Forced Air Cooling System
  • 4-minute walk to Fort Stanwix Park

About This Home

As of September 2023

HERE'S A GREAT OPPORTUNITY FOR THE ENTREPRENEURIAL INVESTOR! THIS THREE UNIT APARTMENT BUILDING HAS THE POTENTIAL FOR A GREAT RETURN. SEPARATE UTILITIES, SEPARATE ENTRANCES & OFF-STREET PARKING. UPDATED MAIN FLOOR FRONT APARTMENT. UPDATED HEATING SYSTEMS (3), HOTWATER TANKS (3) & ELECTRICAL PANEL BOXES (3). SECOND FLOOR LARGE APARTMENT IS CURRENTLY RENTED & TENANT WOULD LOVE TO STAY. LOCATED NEAR DOWNTOWN, YMCA, KENNEDY ARENA & ROME ART & COMMUNITY CENTER.

Last Agent to Sell the Property

Anthony Abone

Listing by Coldwell Banker Faith Properties R License #10301223171 Listed on: 09/19/2022

Coldwell Banker Faith Properties R

Last Buyer's Agent

Anthony Abone

Listing by Coldwell Banker Faith Properties R License #10301223171 Listed on: 09/19/2022

Coldwell Banker Faith Properties R

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 100 x 34
  • Corner Lot

Home Design

  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,609 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Attic

  • Full Attic
  • Unfinished Attic

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 1
  • Assessor Parcel Number 301301-242-034-0002-001-000-0000
  • $2,768 special tax assessment

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Annual Special Assessment: 2768
  • NY Swis Code: Rome-Inside-301301
  • Total Assessed Value: 65000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 34
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Number: 1
  • Nearest Cross Street: W. Thomas St.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1821428.57
  • Ratio Close Price By Sq Ft: 48.87
  • Ratio List Price By Acres: 1992857.14
  • Ratio List Price By Sq Ft: 53.47
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • Roof Description: Asphalt, Shingles, Sloped
  • School Tax: 2162
  • Sub Board Code: Mohawk Valley
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3049
  • Age of Building: 93
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 2609
  • Directions To Property: TAKE BLACK RIVER BLVD. TO E. GARDEN STREET; AT E. GARDEN/TURIN ST. INTERSECTION TURN LEFT
  • Sq Ft Total Pub: 2609
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Pex Plumbing- Some
  • Attic Description: Full, Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Total Sq Ft: 2609

Exterior Features

  • Construction: Aluminum/Steel, Wood
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.0700

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Hot Water
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Rome

Lot Info

  • Parcel Number: 301301-242-034-0002-001-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 7018

MLS Schools

  • School District Name: Rome

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Sep 26, 2023
Sold by
Kembrey James E and Kembrey Barbara J
Bought by
Murray Griffin
Seller's Agent
Anthony Abone
Coldwell Banker Faith Properties R
Buyer's Agent
Anthony Abone
Coldwell Banker Faith Properties R
List Price
$139,500
Sold Price
$127,500
Premium/Discount to List
-$12,000
-8.6%
Views
334
Current Estimated Value
$139,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,979
Avg. Annual Appreciation
4.87%
Original Mortgage
$123,244
Outstanding Balance
$121,240
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
$18,246

Purchase Details

Closed on
Jan 17, 2005
Sold by
Adolfi Albert
Bought by
Kembrey James
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
Murray Griffin $127,500 None Available
Kembrey James $71,000 Cr Getty Jr.
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray Griffin $123,244
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2023 09/26/23 Sold $127,500 -8.6% $49 / Sq Ft
07/20/2023 07/20/23 For Sale $139,500 +9.4% $53 / Sq Ft
05/28/2023 05/28/23 Off Market $127,500 -- --
04/15/2023 04/15/23 Pending -- -- --
09/19/2022 09/19/22 For Sale $139,500 -- $53 / Sq Ft
Source: Mid New York Regional 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 $7,282 $65,000 $4,600 $60,400
2023 $2,987 $65,000 $4,600 $60,400
2022 $2,941 $65,000 $4,600 $60,400
2021 $2,850 $65,000 $4,600 $60,400
2020 $2,821 $65,000 $4,600 $60,400
2019 $649 $65,000 $4,600 $60,400
2018 $2,430 $65,000 $4,600 $60,400
2017 $2,374 $59,300 $4,300 $55,000
2016 $5,006 $59,300 $4,300 $55,000
2015 -- $59,300 $4,300 $55,000
2014 -- $68,000 $4,300 $63,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1434548

Mid New York Regional MLS

APN: 242-034-0002-001-000-0000