NOT LISTED FOR SALE

501 River Rd Unit 3 Rome, NY 13440

Estimated Value: $107,000 - $131,636

4 Beds
2 Baths
1,440 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $83,900 $58 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $724/month

6 Days on Market

Highlights

  • Forced Air Cooling System
  • Rectangular Lot
  • 1-Story Property

About This Home

As of January 2024

Have you been thinking about becoming an investor, expanding your portfolio, or simply allowing the income from one side pay for you to live in the other? This Duplex has 2 bedrooms, living room, kitchen, basement and separate utilities. Located in a quiet neighborhood with the beautiful Mohawk River Trail right through the back yard. Don't let this opportunity pass you by! **Also available to purchase as a package deal with a second duplex plus a vacant lot which offers additional parking**

Last Agent to Sell the Property

Anyssa Harris

Listing by Shamrock Real Estate Inc License #10311209871 Listed on: 07/13/2023

Last Buyer's Agent

Michael Miner

Listing by Miner Realty & Prop Management License #10491208203

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,038

Year Built

  • Built in 1955

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 120 x 91
  • Rectangular Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Cedar

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 301301-243-009-0003-018-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $2,150
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,038

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Annual Operating Expenses: 2150
  • NY Swis Code: Rome-Inside-301301
  • Total Assessed Value: 43200
  • Gross Annual Income: 18000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 91
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • Nearest Cross Street: Culverton
  • Number of Stories: 1.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 335600.00
  • Ratio Close Price By Sq Ft: 58.26
  • Ratio List Price By Acres: 398000.00
  • Ratio List Price By Sq Ft: 69.10
  • Regional Board Code: Syracuse
  • Rent Includes: No Utilities
  • School Tax: 1452
  • Sub Board Code: Mohawk Valley
  • Type of Residence: Duplex, Side by Side
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 10890
  • Age of Building: 69
  • Year Built: 1955
  • Above Grade Finished Sq Ft: 1440
  • Sq Ft Total Pub: 1440
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Full Bathrooms: 2
  • Basement Description: Full
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1440

Exterior Features

  • Construction: Aluminum/Steel, Cedar
  • Number of Acres: 0.2500

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Concrete

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: 301301-243-009-0003-018-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4038

MLS Schools

  • School District Name: Rome

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Jan 2, 2024
Sold by
Sarus Mary J
Bought by
Kevin Miner Homes Llc
Seller's Agent
Anyssa Harris
Shamrock Real Estate Inc
Buyer's Agent
Michael Miner
Miner Realty & Prop Management
List Price
$99,500
Sold Price
$83,900
Premium/Discount to List
-$15,600
-15.68%
Views
279
Current Estimated Value
$116,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,259
Avg. Annual Appreciation
17.76%
Original Mortgage
$67,120
Outstanding Balance
$66,004
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$50,155

Purchase Details

Closed on
Apr 3, 2003
Sold by
First National Acceptance Co Of North America
Bought by
Sarus Nicholas

Purchase Details

Closed on
Mar 12, 1999
Sold by
King Wayne
Bought by
Montana Ruth C and Montana Nancy I

Purchase Details

Closed on
Jan 25, 1999
Sold by
Bova Samuel
Bought by
King Mark and King Wayne
Source: Public Records
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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
Kevin Miner Homes Llc $83,900 None Available
Sarus Nicholas $14,000 John Longeretta
Montana Ruth C $45,000 --
King Mark $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kevin Miner Homes Llc $67,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $83,900 -15.7% $58 / Sq Ft
07/13/2023 07/13/23 For Sale $99,500 -- $69 / 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 $4,894 $43,200 $13,800 $29,400
2023 $1,499 $43,200 $13,800 $29,400
2022 $1,499 $43,200 $13,800 $29,400
2021 $4,732 $43,200 $13,800 $29,400
2020 $4,732 $43,200 $13,800 $29,400
2019 -- $43,200 $13,800 $29,400
2018 -- $43,200 $13,800 $29,400
2017 $4,256 $43,200 $13,800 $29,400
2016 $4,256 $43,200 $13,800 $29,400
2015 -- $43,200 $13,800 $29,400
2014 -- $43,200 $13,800 $29,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1484223

Mid New York Regional MLS

APN: 243-009-0003-018-000-0000