Seller's Agent in 2023
Laura Ferraro
EXP-Premier Listings Team
(716) 338-8622
93 in this area
227 Total Sales
502 Newland Ave Jamestown, NY 14701
Estimated Value: $65,000 - $86,516
2
Beds
2
Baths
1,646
Sq Ft
$44/Sq Ft
Est. Value
Highlights
- Full Attic
- Corner Lot
- Wall to Wall Carpet
About This Home
As of October 2023Welcome to 502 Newland!! This is a great investment for any buyer! Downstairs apartment is tenant occupied by a long term tenant. Upstairs apartment is open for the perfect opportunity to owner occupy, or rent out a, current market rates, using strictly as an income generator, you choose. (Or unit can be filled upon purchaser request). This building has a very well maintained exterior, boasting a charming timeless facade, complemented by lush landscaping enhancing the property's curb appeal. The building consists of 2 apartments, both spacious with a well thought out floor plan, allowing for ample living space for residents. Each unit consists of 1 bedroom and 1 full bathroom (both bathrooms recently updated). Conveniently located in the heart of Jamestown, on a corner lot, minutes from downtown amenities, parks, schools, grocery stores, and major transportation routes. Other amenities worth noting, are laundry hookups in the full basement, plenty of storage, 2 covered porches, 2 off street parking spaces and a detached 2 car garage. Do not miss this opportunity to own a turn key multi unit property!
Last Agent to Sell the Property
Listing by EXP-Premier Listings Team License #40FE1043219 Listed on: 05/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,687
Year Built
- Built in 1896
Lot Details
- 3,440 Sq Ft Lot
- Lot Dimensions are 80 x 43
- Corner Lot
Home Design
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 1,646 Sq Ft Home
- 2-Story Property
- Wall to Wall Carpet
- Basement Fills Entire Space Under The House
- Full Attic
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Garage
- Shared Driveway
Schools
- Milton J Fletcher Elementary School
- Jefferson Middle School
- Jamestown High School
Utilities
- Multiple Heating Units
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Rent includes water
- Tax Lot 21
- Assessor Parcel Number 060800-387-014-0010-021-000
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2023
Closed on
Oct 27, 2023
Sold by
Hicks J G
Bought by
441 W 1St St Az Llc
Seller's Agent
Laura Ferraro
EXP-Premier Listings Team
Buyer's Agent
Amy Garris
Real Estate Advantage
List Price
$74,999
Sold Price
$74,999
Views
283
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
-$1,870
Avg. Annual Appreciation
-1.26%
Original Mortgage
$56,000
Outstanding Balance
$54,911
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$18,218
Purchase Details
Listed on
Apr 24, 2018
Closed on
Aug 15, 2018
Sold by
Papaserge Salvatore
Bought by
Hicks Garrett J
Seller's Agent
Taylor Bennett
Keller Williams Realty
Buyer's Agent
Laura Ferraro
EXP-Premier Listings Team
List Price
$42,500
Sold Price
$36,000
Premium/Discount to List
-$6,500
-15.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%
Original Mortgage
$28,800
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 6, 2011
Sold by
Johnson Ronald V
Bought by
Papaserge Salvatore
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 441 W 1St St Az Llc | $74,999 | None Available | |
| Hicks Garrett J | -- | -- | |
| Papaserge Salvatore | $37,500 | Kevin Sirwatka |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 441 W 1St St Az Llc | $56,000 | |
| Previous Owner | Hicks Garrett J | $28,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $74,999 | 0.0% | $46 / Sq Ft | |
| 06/17/2023 06/17/23 | Pending | -- | -- | -- | |
| 05/17/2023 05/17/23 | For Sale | $74,999 | +108.3% | $46 / Sq Ft | |
| 08/31/2018 08/31/18 | Sold | $36,000 | -15.3% | $22 / Sq Ft | View Prior Sale |
| 05/18/2018 05/18/18 | Pending | -- | -- | -- | |
| 04/24/2018 04/24/18 | For Sale | $42,500 | -- | $26 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
Tax History Compared to Growth
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 | $1,961 | $37,500 | $1,500 | $36,000 |
| 2023 | $1,956 | $37,500 | $1,500 | $36,000 |
| 2022 | $1,948 | $37,500 | $1,500 | $36,000 |
| 2021 | $1,952 | $37,500 | $1,500 | $36,000 |
| 2020 | $1,949 | $37,500 | $1,500 | $36,000 |
| 2019 | $1,208 | $37,500 | $1,500 | $36,000 |
| 2018 | $1,937 | $37,500 | $1,500 | $36,000 |
| 2017 | $1,949 | $37,500 | $1,500 | $36,000 |
| 2016 | $1,945 | $37,500 | $1,500 | $36,000 |
| 2015 | -- | $37,500 | $1,500 | $36,000 |
| 2014 | -- | $37,500 | $1,500 | $36,000 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Ferraro
-
Amy Garris
Buyer's Agent in 2023
Amy Garris
Real Estate Advantage
(716) 450-7798
55 in this area
125 Total Sales
-
Taylor Bennett
Seller's Agent in 2018
Taylor Bennett
Keller Williams Realty
(716) 450-7235
334 in this area
484 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1471571
APN: 060800-387-014-0010-021-000
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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