NOT LISTED FOR SALE

505 Walnut St Elmira, NY 14901

Estimated Value: $48,000 - $77,000

2 Beds
2 Baths
1,618 Sq Ft
$39/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $18,500 $11 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $402/month

75 Days on Market

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • Vinyl Flooring

About This Home

As of March 2024

Excellent investment opportunity for a handyman and/or investor ready to bring this 2 unit back to life. This property consists of one lower level and one upper level apartment with private parking centrally located in downtown Elmira. Make the necessary repairs and reap the rewards of a great passive income source. Seller is motivated to move this quick!

Last Agent to Sell the Property

Adrian Irvin

Listing by Warren Real Estate License #10401328761 Listed on: 11/27/2023

Last Buyer's Agent

Adrian Irvin

Listing by Warren Real Estate License #10401328761 Listed on: 11/27/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 784 Sq Ft Lot
  • Lot Dimensions are 156x5

Parking

  • 1 Car Garage

Home Design

  • Siding

Interior Spaces

  • 1,618 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 89.18-1-20

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1930
  • Water Body Name: None
  • Subdivision Name: NONE
  • Directions: Head west on W Church St toward N Main St Turn right onto Walnut St
  • Architectural Style: Two Story
  • Flooring: Varies, Vinyl
  • Garage Yn: Yes
  • Year Built Details: Existing
  • Master Plan Zoning: Multi Fam
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater

Exterior Features

  • Acres: 0.018
  • Waterfront: No
  • Construction Type: Composite Siding

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: One Space, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Elmira

Lot Info

  • Parcel Number: 89.18-1-20
  • Lot Dimensions: 156X5
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3357.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Bentley Susan and Knox Kaylen A
Bought by
Performance Hldg Grp Llc
Current Estimated Value
$62,418

Purchase Details

Closed on
Mar 29, 2021
Sold by
Ostrander George R
Bought by
Bentley Susan and Knox Kaylen A
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
Performance Hldg Grp Llc $6,000 None Available
Bentley Susan $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ostrander George R $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $18,500 +41.2% $11 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $13,100 -- $8 / Sq Ft
Source: Elmira-Corning Regional Association of REALTORS®

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 $2,850 $30,000 $1,000 $29,000
2023 $2,846 $30,000 $1,000 $29,000
2022 $1,062 $30,000 $1,000 $29,000
2021 $1,047 $30,000 $1,000 $29,000
2020 $1,193 $30,000 $1,000 $29,000
2019 $423 $30,000 $1,000 $29,000
2018 $2,699 $30,000 $1,000 $29,000
2017 $1,062 $30,000 $1,000 $29,000
2016 $1,276 $30,000 $1,000 $29,000
2015 -- $30,000 $1,000 $29,000
2014 -- $30,000 $1,000 $29,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Elmira-Corning Regional Association of REALTORS®

MLS Number: EC273206

APN: 070400-089-018-0001-020-000-0000