NOT LISTED FOR SALE
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

276 Days on Market

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: 05/02/2013

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

7,841 Sq Ft Lot

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: 7840.8
  • Parcel #: 030200-160-039-0001-042-000-0000
  • Zoning Description: MD
  • Zoning: MD

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
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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 List to Sale Price per Sq Ft
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

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 $8,279 $84,000 $20,000 $64,000
2023 $8,128 $84,000 $20,000 $64,000
2022 $7,936 $84,000 $20,000 $64,000
2021 $7,848 $84,000 $20,000 $64,000
2020 $7,873 $84,000 $20,000 $64,000
2019 $4,198 $84,000 $20,000 $64,000
2018 $7,649 $84,000 $20,000 $64,000
2017 $7,690 $84,000 $20,000 $64,000
2016 $7,735 $84,000 $20,000 $64,000
2015 $8,455 $84,000 $20,000 $64,000
2014 $8,455 $84,000 $20,000 $64,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 188852

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