NOT LISTED FOR SALE

54 Downs Ave Binghamton, NY 13905

Estimated Value: $193,000 - $262,000

5 Beds
3 Baths
2,784 Sq Ft
$78/Sq Ft Est. Value

Last Sold May 17, 2017

Last sale price $103,000 $37 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $1,533/month

28 Days on Market

Highlights

  • Mature Trees
  • Attic
  • Enclosed Patio or Porch
  • Wood Flooring
  • Circular Driveway
  • 5-minute walk to CFJ Park

About This Home

As of May 2017

Live-in Investment! 1st FL boasts 3 bedrooms, LR, DR & updated eat-in kitchen. Both 2nd floor units have 1 bedroom, living room & kitchen. Beautiful natural woodwork & insulated windows. 3 additional finished rooms, kitchenette/ full bath in basement. Large walk-up attic. Off-street parking plus additional adjoining parcel is park-like w/potential for other use! 15% cap rate! New boiler 3/2017

Last Agent to Sell the Property

Mary Kay McKinney

eXp REALTY License #10301219399 Listed on: 02/22/2017

eXp REALTY

Last Buyer's Agent

Christina Stenta

eXp REALTY License #10301208542

eXp REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,335

Year Built

  • Built in 1935

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Mature Trees

Parking

  • Circular Driveway

Home Design

  • Triplex
  • Aluminum Siding

Interior Spaces

  • 5 Bedrooms
  • 2,784 Sq Ft Home
  • Insulated Windows
  • Permanent Attic Stairs
  • Basement

Kitchen

  • Range with Range Hood
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Schools

  • Johnson City Elementary School

Utilities

  • No Cooling
  • Radiator
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 033089-143-051-0003-008-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $941
  • Maintenance Expense $750
  • Water Sewer Expense $2,262
  • Gross Income $24,600
  • Net Operating Income $14,786

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,335

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Ownership: OWNER
  • Directions: Airport Road to Downs Ave- Across the street from Mirabito Gas
  • Above Grade Finished Sq Ft: 2604.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1935
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Water Softener Owned, Washer
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 180.0
  • Door Features: Storm Door(s)
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Bedroom on Main Level, Pantry, Permanent Attic Stairs
  • Living Area: 2784.0
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding
  • Exterior Features: Landscaping, Mature Trees/Landscape, Shed
  • Foundation Details: Basement
  • Other Structures: Shed(s)
  • Patio And Porch Features: Enclosed, Porch

Garage/Parking

  • Parking Features: Circular Driveway, Driveway, None, Parking Space(s)

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Radiator(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 2262.0

Schools

  • Elementary School: Johnson City Elementary
  • Junior High Dist: Johnson City

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 033089-143-051-0003-008-000-0000
  • Zoning Description: R
  • Zoning: R

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 24600.0
  • Insurance Expense: 941.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 14786.0
  • Total Actual Rent: 24600.0
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 4335.0
  • Tax Book Number: 143.51-3-8/143.59-1-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2017
Closed on
May 17, 2017
Sold by
Reyonolds Robert H
Bought by
Romano Stephanie M
Seller's Agent
Mary Kay McKinney
eXp REALTY
Buyer's Agent
Christina Stenta
eXp REALTY
List Price
$98,500
Sold Price
$103,000
Premium/Discount to List
$4,500
4.57%
Current Estimated Value
$217,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,667
Avg. Annual Appreciation
9.00%
Original Mortgage
$105,214
Outstanding Balance
$87,185
Interest Rate
3.97%
Mortgage Type
VA
Estimated Equity
$130,482

Purchase Details

Closed on
Oct 29, 2007
Sold by
Szot Stanislaw
Bought by
Reynolds Robert
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
Romano Stephanie M $103,000 None Available
Reynolds Robert $128,000 Kevin Yeager
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romano Stephanie M $105,214
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2017 05/17/17 Sold $103,000 +4.6% $37 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $98,500 -- $35 / Sq Ft
Source: Greater Binghamton 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 $4,872 $82,600 $51,000 $31,600
2023 $4,693 $82,600 $51,000 $31,600
2022 $4,592 $82,600 $51,000 $31,600
2021 $4,641 $82,600 $51,000 $31,600
2020 $5,001 $82,600 $51,000 $31,600
2019 $0 $82,600 $51,000 $31,600
2018 $4,291 $82,600 $51,000 $31,600
2017 $4,149 $82,600 $51,000 $31,600
2016 $4,141 $82,600 $51,000 $31,600
2014 -- $82,600 $51,000 $31,600
Source: Public Records

Agents Affiliated with this Home

  • Mary Kay McKinney

    Seller's Agent in 2017

    Mary Kay McKinney

    eXp REALTY

    (607) 343-2366

    1 in this area

    151 Total Sales

    Mary Kay McKinney
    Section Image
  • Christina Stenta

    Buyer's Agent in 2017

    Christina Stenta

    eXp REALTY

    (607) 725-7430

    2 in this area

    67 Total Sales

    Christina Stenta
    Section Image
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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 208722

APN: 033089-143-051-0003-008-000-0000

New York Broome County Binghamton 13905

54 Downs Ave, Binghamton, NY

Not Listed for Sale

MultiFamily

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