NOT LISTED FOR SALE

507 Smith St Peekskill, NY 10566

Estimated Value: $489,053 - $563,000

4 Beds
2 Baths
1,600 Sq Ft
$339/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $360,000 $225 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,529/month

13 Days on Market

Highlights

  • Property is near public transit
  • Eat-In Kitchen
  • Storage
  • 4 Car Detached Garage
  • Park
  • Baseboard Heating

About This Home

As of January 2019

Calling All Investors! This Property is a Cash Cow! Two Apartments - both 2 beds, 1 bath and 4 detached garages (3 garages are rented for $150/mo and the 4th is rented for $125/mo). Apartment on 1st floor is rented (month to month lease) and the other is vacant. Basement has washer/dryer hook-up and slop sink. New water heater. See Annual Income & Expenses document attached to listing. Owner pays oil heat.

Last Agent to Sell the Property

Jason Kerwar

William Raveis-New York, LLC License #30KE1103257 Listed on: 12/21/2018

William Raveis-New York, LLC

Co-Listed By

Diane Madden

William Raveis-New York, LLC License #40MA1178388

Last Buyer's Agent

Nicholas Misch

RE/MAX Classic Realty License #30MI1048690

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,690

Year Built

  • Built in 1920

Lot Details

  • 4,892 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Detached Garage
  • Driveway

Home Design

  • Advanced Framing
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Storage
  • Eat-In Kitchen
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Peekskill Middle School
  • Peekskill High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tenant pays for cooking gas
  • Assessor Parcel Number 1200-032-016-00012-000-0019

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,690

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Storage
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 4
  • Living Area: 1600.00
  • Square Footage: 1600.00

Exterior Features

  • Construction Materials: Advanced Framing Technique, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Description: Detached, 4+ Car Detached, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Baseboard
  • Hot Water: Fuel Oil Stand Alone
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No
  • Maintenance Expense: 500.00
  • Other Expense: 1106.00

Schools

  • Middle School: Peekskill Middle School
  • High School: Peekskill High School
  • Middle School: Peekskill Middle School

Lot Info

  • Lot Size Acres: 0.1100
  • Lot Size Area: 0.1100
  • Lot Dimensions: 0.1123
  • Lot Size Sq Ft: 4892.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 1200-032-016-00012-000-0019
  • Property Attached: No

Rental Info

  • Tenant Pays: Cooking Gas, See Remarks

Tax Info

  • Close Date: 2019-01-31
  • Included in Taxes: Trash
  • Tax Annual Amount: 8690.00
  • Tax Map Number: 1200-032-016-00012-000-0019

Multi Family

  • Fuel Expense: 2156.00
  • Units Total: 2
  • Two Bedrooms: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Peekskill High School
  • Middle School District: Peekskill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2019
Sold by
B Hickey Enterprises Inc
Bought by
507 Smith Street Llc
Current Estimated Value
$532,800

Purchase Details

Listed on
Dec 21, 2018
Closed on
Jan 31, 2019
Sold by
Americo Michael A
Bought by
B Hickey Enterprises Inc
Seller's Agent
Jason Kerwar
William Raveis-New York, LLC
Buyer's Agent
Nicholas Misch
RE/MAX Classic Realty
List Price
$355,000
Sold Price
$360,000
Premium/Discount to List
$5,000
1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
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
507 Smith Street Llc -- Judicial Title Ins Agcy Llc
B Hickey Enterprises Inc $360,000 Flatiron Abstract Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Americo Salvatore $250,000
Previous Owner Americo Salvatore $100,000
Previous Owner Americo Salvatore $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $360,000 +1.4% $225 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
12/21/2018 12/21/18 For Sale $355,000 -- $222 / Sq Ft
Source: OneKey® 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 $7,046 $7,800 $1,100 $6,700
2023 $9,549 $7,800 $1,100 $6,700
2022 $9,359 $7,800 $1,100 $6,700
2021 $9,164 $7,800 $1,100 $6,700
2020 $8,988 $7,800 $1,100 $6,700
2019 $8,675 $7,800 $1,100 $6,700
2018 $0 $7,800 $1,100 $6,700
2017 $0 $7,800 $1,100 $6,700
2016 $8,175 $7,800 $1,100 $6,700
2015 -- $7,800 $1,100 $6,700
2014 -- $7,800 $1,100 $6,700
2013 -- $7,800 $1,100 $6,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4855572

OneKey® MLS

APN: 551200 32.16-12-19