NOT LISTED FOR SALE

505 E German St Herkimer, NY 13350

Estimated Value: $81,000 - $134,571

2 Beds
2 Baths
1,398 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $56,000 $40 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $626/month

241 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Heating System Uses Gas
  • Private Yard
  • Wall to Wall Carpet

About This Home

As of December 2020

This is a must see 2 family home in the village of Herkimer - downstairs apartment is 2 bedroom with lvr, large kitchen, dining room, full bath and laundry area. Upstairs there is the kitchen, living room, 2 bedrooms and full bath. One car detached garage. plenty of parking. Tenants pay their own electric. Take a look live in one and rent the other or use it for investment property. There is potential to turn this home back into a single family.

Last Agent to Sell the Property

Rebecca Smith

Listing by Accent Brokerage, Inc. License #10311200694 Listed on: 01/14/2020

Accent Brokerage, Inc.

Last Buyer's Agent

Rebecca Smith

Listing by Accent Brokerage, Inc. License #10311200694 Listed on: 01/14/2020

Accent Brokerage, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,038

Year Built

  • Built in 1900

Lot Details

  • 5,160 Sq Ft Lot
  • Lot Dimensions are 120 x 43
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 1,398 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Rent includes heat, water
  • Tax Lot 24
  • Assessor Parcel Number 213001-113-073-0002-024-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,038

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Herkimer-Village-213001
  • Total Assessed Value: 50500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 43
  • Lot Information: Neighborhood Street
  • Lot Number: 24
  • Nearest Cross Street: State Route 28
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 472573.84
  • Ratio Close Price By Sq Ft: 40.06
  • Ratio List Price By Acres: 497046.41
  • Ratio List Price By Sq Ft: 42.13
  • Regional Board Code: Syracuse
  • Rent Includes: Heat, Water
  • Roof Description: Asphalt
  • School Tax: 1368
  • Sub Board Code: Mohawk Valley
  • Type of Sale: Normal
  • Village: Herkimer-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 5160
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: State Route 28 then turn onto German St
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1398

Exterior Features

  • Construction: Aluminum/Steel
  • Additional Exterior Features: Cable TV Available, Deck, Private Yard - see Remarks
  • Number of Acres: 0.1185

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 213001-113-073-0002-024-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3038

MLS Schools

  • School District Name: Herkimer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
Dec 10, 2020
Sold by
Kiley Shawn J and Kiley Kara M
Bought by
Hayes Toby W
Seller's Agent
Rebecca Smith
Accent Brokerage, Inc.
Buyer's Agent
Rebecca Smith
Accent Brokerage, Inc.
List Price
$58,900
Sold Price
$56,000
Premium/Discount to List
-$2,900
-4.92%
Current Estimated Value
$100,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,393
Avg. Annual Appreciation
12.31%
Original Mortgage
$56,000
Outstanding Balance
$49,627
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$50,766

Purchase Details

Closed on
Jan 13, 2018
Sold by
Petriski James A and Petriski Jeannie R
Bought by
Kiley Kara M and Kiley Shawn J

Purchase Details

Closed on
Jan 13, 2012
Sold by
Kiley Donna
Bought by
Sponburgh Kara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,586
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 30, 2001
Sold by
Kiley Kevin D
Bought by
Kiley Donna E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hayes Toby W $56,000 None Available
Kiley Kara M $120,500 --
Kiley Kara M $120,500 --
Sponburgh Kara $47,800 --
Kiley Donna E -- M Helene Hamlin
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Toby W $56,000
Previous Owner Sponburgh Kara $46,586
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2020 12/16/20 Sold $56,000 -4.9% $40 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $58,900 -- $42 / 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 $3,312 $50,500 $13,500 $37,000
2023 $3,169 $50,500 $13,500 $37,000
2022 $3,069 $50,500 $13,500 $37,000
2021 $3,057 $50,500 $13,500 $37,000
2020 $3,073 $50,500 $13,500 $37,000
2019 $1,076 $50,500 $13,500 $37,000
2018 $2,333 $50,500 $13,500 $37,000
2017 $2,289 $50,500 $13,500 $37,000
2016 $2,267 $50,500 $13,500 $37,000
2015 -- $50,500 $13,500 $37,000
2014 -- $50,500 $13,500 $37,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mid New York Regional MLS

MLS Number: S1246213

Mid New York Regional MLS

APN: 213001-113-073-0002-024-000-0000