NOT LISTED FOR SALE

55 Brewer Rd Newburgh, NY 12550

Estimated Value: $572,579 - $790,000

6 Beds
4 Baths
3,016 Sq Ft
$227/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $585,000 $194 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,416/month

22 Days on Market

Highlights

  • 2.7 Acre Lot
  • Deck
  • Eat-In Kitchen
  • Colonial Architecture
  • Porch
  • Baseboard Heating

About This Home

As of June 2023

Offered by the original builder, this large, two-family colonial is a unique, first-time-on-the-market property that represents a turnkey business opportunity. Solidly built and meticulously maintained by one of the area's most respected builders, this property sits on 2.7 acres and is designed to give tenants maximum privacy. The vacant side has been completely remodeled with top of the line finishes and is ready for move in! The other unit is occupied by long-term tenants with a lease that expires June 2023. Each unit offers about 1,500 square feet of living space including a large kitchen, three bedrooms, 1.5 baths, first-floor laundry, basement and deck. Separate utilities with tenants paying all expenses except lawncare. Excellent commuter location near major highways and Metro North rail. Close to shopping and dining.

Last Agent to Sell the Property

Lyra Blumenthal

RE/MAX Benchmark Realty Group License #10301201617 Listed on: 03/07/2023

RE/MAX Benchmark Realty Group

Last Buyer's Agent

Kitty Thompson

Real Broker NY LLC License #10401355610

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,400

Year Built

  • Built in 1998 | Remodeled in 2023

Lot Details

  • 2.7 Acre Lot
  • No Common Walls
  • Level Lot

Home Design

  • Colonial Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,016 Sq Ft Home
  • Partial Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Powder Room

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Propane
  • Well
  • Septic Tank

Community Details

  • 2 Units
  • 2 Separate Electric Meters

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 334600-043-000-0003-005.120-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,400

Year Built

Built in 1998 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1998
  • Year Built Effective: 2023
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Interior Amenities: Eat-in Kitchen, Powder Room
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Partial
  • Total Bedrooms: 6
  • Living Area: 3016
  • Owner Pays: Insurance
  • SquareFootage: 3016.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Patio and Porch Features: Deck, Porch

Garage/Parking

  • Total Parking Spaces: 4
  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Propane, Baseboard
  • Sewer: Septic Tank
  • Water Source: Well
  • GarbageRemoval: Private
  • Hot Water: Electric Stand Alone
  • NumberOfHeatingZones: 2

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 2.7
  • Lot Size Sq Ft: 117612
  • Lot Size Units: Acres
  • Lot Features: Level, Sloped
  • Parcel Number: 334600-043-000-0003-005.120-0000
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 0
  • NumberOf3Bedrooms: 2
  • NumberOf4Bedrooms: 0

Tax Info

  • Tax Annual Amount: 10400
  • Tax Map Number: 334600-043-000-0003-005.120-0000

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
May 31, 2023
Sold by
Hl Rentals Llc
Bought by
Toubbeh Rosette
Seller's Agent
Lyra Blumenthal
RE/MAX Benchmark Realty Group
Buyer's Agent
Kitty Thompson
Real Broker NY LLC
List Price
$579,000
Sold Price
$585,000
Premium/Discount to List
$6,000
1.04%
Views
225
Current Estimated Value
$683,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,145
Avg. Annual Appreciation
6.37%
Original Mortgage
$385,000
Outstanding Balance
$374,705
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$308,440

Purchase Details

Closed on
May 25, 2004
Sold by
Nfm Llc
Bought by
Hl Rentals Llc

Purchase Details

Closed on
May 23, 2003
Sold by
Hl Rentals Llc
Bought by
Nfm Llc
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
Toubbeh Rosette $585,000 None Available
Hl Rentals Llc -- David Stiles
Nfm Llc -- David I Stiles
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toubbeh Rosette $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $585,000 +1.0% $194 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $579,000 0.0% $192 / Sq Ft
03/01/2023 03/01/23 For Rent $2,695 -- --
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 $9,991 $97,750 $11,600 $86,150
2023 $9,991 $94,500 $11,600 $82,900
2022 $10,277 $94,500 $11,600 $82,900
2021 $10,319 $94,500 $11,600 $82,900
2020 $10,262 $94,500 $11,600 $82,900
2019 $3,076 $94,500 $11,600 $82,900
2018 $3,076 $94,500 $11,600 $82,900
2017 $10,530 $94,500 $11,600 $82,900
2016 $10,332 $94,500 $11,600 $82,900
2015 -- $94,500 $11,600 $82,900
2014 -- $94,500 $11,600 $82,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6235988

OneKey® MLS

APN: 334600-043-000-0003-005.120-0000