NOT LISTED FOR SALE

55 Walnut St Binghamton, NY 13905

West Side Neighborhood
10 Beds
-- Bath
4,491 Sq Ft
7,841 Sq Ft Lot

Last Sold May 02, 2014

Last sale price $199,900 $45 Per Sq Ft

Highlights

  • Mature Trees
  • 3 Car Garage
  • Storm Windows
  • Wood Flooring
  • Enclosed Patio or Porch
  • Heating System Uses Steam

About This Home

As of May 2014

This is an attractive investment student leased. 7 unit, 10 BR multi fam on Westside in high student area convenient to bus, off st parking. Very convenient to shopping. all units have leases until 12/31/2014, and 4 other units have leases until May 31,2015 Current cap rate 18%

Last Agent to Sell the Property

Wayne Knapp

HOWARD HANNA License #30KN0713292 Listed on: 05/03/2013

HOWARD HANNA

Last Buyer's Agent

Charlie Ackerman

ACKERMANRE LLC License #10491207984

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,295

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Level Lot
  • Mature Trees

Parking

  • 3 Car Garage

Home Design

  • 4,491 Sq Ft Home
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Vinyl

Home Security

  • Storm Windows
  • Storm Doors

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Steam
  • Gas Water Heater

Additional Features

  • Range
  • 10 Bedrooms
  • Enclosed Patio or Porch
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-039-0001-042-000-0000

Community Details

Overview

  • 7 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $885
  • Maintenance Expense $490
  • Water Sewer Expense $1,350
  • Gross Income $53,460
  • Net Operating Income $36,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,295

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 60x132
  • Professional Management Expense: 800.0
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Ownership: OWNER
  • Directions: riverside drive to chestnut to seminary to walnut
  • Above Grade Finished Sq Ft: 4491.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1950
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Total Bedrooms: 10
  • Door Features: Storm Door(s)
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Bedroom on Main Level
  • Living Area: 4491.0

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Exterior Features: Mature Trees/Landscape, Storm Windows/Doors
  • Foundation Details: Basement, Concrete Perimeter
  • Patio And Porch Features: Enclosed, Porch

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Detached, Garage, Three Car Garage, Parking Space(s)

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator(s), Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 1350.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Lot Size Sq Ft: 7841.0
  • Parcel #: 030200-160-039-0001-042-000-0000
  • Zoning Description: MD
  • Zoning: MD
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 1869.0
  • Annual Gross Income: 53460.0
  • Insurance Expense: 885.0
  • Maintenance Expense: 490.0
  • Property Net Operating Income: 36716.0
  • Annual Operating Expense: 16744.0
  • Total Actual Rent: 53460.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 7295.0
  • Tax Book Number: 160.39-1-42

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2014 05/02/14 Sold $199,900 -4.8% $45 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
05/03/2013 05/03/13 For Sale $210,000 -- $47 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wayne Knapp

    Seller's Agent in 2014

    Wayne Knapp

    HOWARD HANNA

    (585) 756-7225

    10 Total Sales

    Wayne Knapp
    Section Image

  • C

    Buyer's Agent in 2014

    Charlie Ackerman

    ACKERMANRE LLC

    (607) 296-0758

    12 Total Sales

    Charlie Ackerman
    Section Image
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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 188852

New York Broome County Binghamton 13905 West Side

55 Walnut St, Binghamton, NY

This home is located at 55 Walnut St, Binghamton, NY 13905 since 03 May 2013. This property was built in 1950. 55 Walnut St is a home located in Broome County with nearby schools including Binghamton High School, Horace Mann Elementary School, and West Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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