NOT LISTED FOR SALE

54 Lincoln Ave Cortland, NY 13045

Estimated Value: $89,000 - $146,635

6 Beds
3 Baths
2,738 Sq Ft
$47/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $45,000 $16 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $933/month

183 Days on Market

About This Home

As of April 2021

Cha-ching!! Buyer couldn't perform so this fantastic investment opportunity is back on the market. This two family home is located in Cortland's "prime rental" community. Each unit has multiple bedrooms, a full bath, kitchen and ample common area. With your vision and finishing touches this house can be a money maker in no time!

Last Agent to Sell the Property

Richard McCarron

Listing by eXp Realty License #10301210568 Listed on: 07/15/2020

eXp Realty

Last Buyer's Agent

Mark Skodzinsky

Listing by Berkshire Hathaway HomeServices Heritage Realty License #10301207152

Berkshire Hathaway HomeServices Heritage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 1890

Lot Details

  • 8,145 Sq Ft Lot
  • Lot Dimensions are 135 x 60

Home Design

  • Block Foundation
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 2,738 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 110200-086-049-0003-028-000-0000

Community Details

Overview

  • 2 Units
  • Cortland Community
  • Cortland Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,726

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Cortland-110200
  • Total Assessed Value: 50000
  • Foundation Description: Block, Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 135
  • Lot Dimension Front: 60
  • Lot Information: Neighborhood Street
  • Lot Number: 28
  • Nearest Cross Street: Woodruff Ave
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 240641.71
  • Ratio Close Price By Sq Ft: 16.44
  • Ratio List Price By Acres: 347058.82
  • Ratio List Price By Sq Ft: 23.70
  • Regional Board Code: Syracuse
  • Roof Description: Asphalt
  • School Tax: 1
  • Sub Board Code: Syracuse
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8145
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: Groton Ave to Woodruff or Homer Ave to Lincoln Ave
  • Subdivision Comm Complex: Cortland
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Basement Description: Full
  • Total Sq Ft: 2738

Exterior Features

  • Construction: Shake Shingle, Wood
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1870

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Cortland

Lot Info

  • Parcel Number: 110200-086-049-0003-028-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3

MLS Schools

  • School District Name: Cortland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Mar 26, 2021
Sold by
Home Away From Home Prop Llc
Bought by
Carnest Jeff
Seller's Agent
Richard McCarron
eXp Realty
Buyer's Agent
Mark Skodzinsky
Berkshire Hathaway HomeServices Heritage Realty
List Price
$64,900
Sold Price
$45,000
Premium/Discount to List
-$19,900
-30.66%
Current Estimated Value
$129,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,659
Avg. Annual Appreciation
28.40%
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
Carnest Jeff $45,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2021 04/05/21 Sold $45,000 -30.7% $16 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
11/12/2020 11/12/20 Price Changed $64,900 0.0% $24 / Sq Ft
11/12/2020 11/12/20 For Sale $64,900 -7.2% $24 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $69,900 -12.5% $26 / Sq Ft
07/15/2020 07/15/20 For Sale $79,900 -- $29 / Sq Ft
Source: Central New York Information Services

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 $2,726 $105,000 $15,900 $89,100
2023 $2,769 $50,000 $11,100 $38,900
2022 $2,641 $50,000 $11,100 $38,900
2021 $2,665 $50,000 $11,100 $38,900
2020 $2,580 $50,000 $11,100 $38,900
2019 $1,615 $50,000 $11,100 $38,900
2018 $2,590 $50,000 $11,100 $38,900
2017 $2,533 $50,000 $11,100 $38,900
2016 $2,485 $50,000 $11,100 $38,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1279055

Central New York Information Services

APN: 110200-086-049-0003-028-000-0000