NOT LISTED FOR SALE

5520 Summit Ave Bemus Point, NY 14712

5 Beds
3 Baths
2,501 Sq Ft
1.08 Acres

Last Sold November 04, 2022

Last sale price $235,000 $94 Per Sq Ft

32 Days on Market

Highlights

  • 1.08 Acre Lot
  • Vinyl Flooring
  • 1-Story Property
  • Forced Air Cooling System

About This Home

As of November 2022

Newly Remodeled 4 unit complex in Beautiful Maple Springs. Very nice investment property close to Midway State Park, Long Point State Park, Bemus Point and many other attractions. Currently 3 units are rented long term while 1 used as short term rental.

Last Agent to Sell the Property

William Loomis

Listing by ERA Team VP Real Estate License #1040134055 Listed on: 05/06/2022

Last Buyer's Agent

William Loomis

Listing by ERA Team VP Real Estate License #1040134055 Listed on: 05/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1960

Lot Details

  • 1.08 Acre Lot
  • Lot Dimensions are 285 x 165

Parking

  • Stone Driveway

Home Design

  • Slab Foundation
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,501 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Well
  • Gas Water Heater

Listing and Financial Details

  • Rent includes lawn maintenance, water
  • Tax Lot 12
  • Assessor Parcel Number 063689-298-014-0003-012-000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1960

Lot Details

0

Listing Details

  • NY Swis Code: Ellery-063689
  • Total Assessed Value: 173800
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 285
  • Lot Dimension Front: 165
  • Lot Information: Neighborhood Street
  • Lot Number: 12
  • Nearest Cross Street: route 430
  • Number of Stories: 1.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 217693.38
  • Ratio Close Price By Sq Ft: 93.96
  • Ratio List Price By Acres: 217693.38
  • Ratio List Price By Sq Ft: 93.96
  • Regional Board Code: Rochester
  • Rent Includes: Lawn Maintenance, Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 2493
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 47025
  • Age of Building: 62
  • Year Built: 1960
  • Directions To Property: NYS 430 W. Left on Summit avenue. Property first on Right Hand side.
  • Sq Ft Total Pub: 2501
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Basement Description: Slab
  • Floor Description: Vinyl-Some
  • Total Sq Ft: 2501

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 1.0795

Garage/Parking

  • Number of Electric Meters: 4
  • Parking Driveway: Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 063689-298-014-0003-012-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 4567

MLS Schools

  • School District Name: Bemus Point

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
11/04/2022 11/04/22 Sold $235,000 0.0% $94 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $235,000 -- $94 / Sq Ft
Source: Chautauqua-Cattaraugus Board 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 $5,257 $173,800 $36,200 $137,600
2023 $5,084 $173,800 $36,200 $137,600
2022 $4,890 $173,800 $36,200 $137,600
2021 $4,815 $173,800 $36,200 $137,600
2020 $4,193 $173,800 $36,200 $137,600
2019 $5,554 $120,000 $36,200 $83,800
2018 $5,554 $120,000 $36,200 $83,800
2017 $3,473 $120,000 $36,200 $83,800
2016 $3,978 $120,000 $36,200 $83,800
2015 -- $120,000 $36,200 $83,800
2014 -- $120,000 $36,200 $83,800
Source: Public Records

Agents Affiliated with this Home

  • William Loomis

    Seller's Agent in 2022

    William Loomis

    ERA Team VP Real Estate

    (716) 485-3473

    6 in this area

    23 Total Sales

    William Loomis
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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1403705

Chautauqua-Cattaraugus Board of REALTORS®
New York Chautauqua County Bemus Point 14712

5520 Summit Ave, Bemus Point, NY

Not Listed for Sale

MultiFamily

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