NOT LISTED FOR SALE

56 2nd Ave Kingston, NY 12401

Estimated Value: $421,825 - $448,000

4 Beds
2 Baths
1,930 Sq Ft
$227/Sq Ft Est. Value

Last Sold March 30, 2016

Last sale price $169,000 $88 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $3,085/month

11 Days on Market

Highlights

  • Deck
  • No HOA
  • Tankless Water Heater
  • Kingston High School Rated A-
  • Eat-In Kitchen
  • Shed

About This Home

As of March 2016

A two family like this does not come along to often...... Completely redone from top to bottom. Both units have 2 bedrooms and 1 bath. This would be a great owner occupied or a complete investment property with a estimated cap rate of 10% at asking price. Currently it is owner occupied. The downstairs apartment has geo-thermal heating and cooling, upstairs has standard central air system. Both units have separate utilities and both have high efficiency tankless water heaters. Large yard and each unit has 2 off street parking spots. There is way to much to list here this is a must see property!

Last Agent to Sell the Property

Sharon Farley

Corcoran Country Living License #30FA0935555 Listed on: 02/02/2016

Last Buyer's Agent

Michael Lawlor

Howard Hanna Rand Realty License #10401270155

Howard Hanna Rand Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,397

Year Built

  • Built in 1880

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 70x100
  • Level Lot
  • Garden

Parking

  • Driveway

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Location

  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Geothermal Heating and Cooling
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, taxes, water
  • Legal Lot and Block 3 / 7

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $12,000
  • New Taxes Expense $5,656
  • Net Operating Income $16,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,397

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Year Built: 1880
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.16
  • Co List Office Phone: 845-338-5832
  • MLS Status: Closed
  • Master Plan Zoning: R1
  • Location Tax and Legal:Tax Block: 7
  • General Property Information Lot Size Acres: 0.16
  • General Property Information Lot Size Dimensions: 70x100
  • Sewer:Public Sewer: Yes
  • Cooling:Central Air: Yes
  • Income And Expenses New Taxes Expense: 5656.0
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 26400.0
  • Other Structures:Shed(s): Yes
  • General Property Information Stories2: 2
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater, Washer, Tankless Water Heater, Refrigerator, Range, Gas Water Heater, Dryer, Dishwasher
  • Interior Amenities: Eat-in Kitchen
  • Basement: Full
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Attic Features:Storage Only: Yes
  • Appliances:Tankless Water Heater: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Frame, Vinyl Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Lot Features:City Lot: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Garden2: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Other, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Forced Air, Geothermal, Hot Water, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Water Heater: Yes
  • Heating:Baseboard: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes
  • Heating:Geothermal2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot, Garden, Level
  • Lot Dimensions: 70x100
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Water
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 12000.0
  • Net Operating Income: 16744.0

Tax Info

  • New Taxes Expense: 5656.0
  • Tax Block: 7
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2016
Closed on
Mar 30, 2016
Sold by
Clapper Daniel
Bought by
Garcia John G
Seller's Agent
Sharon Farley
Corcoran Country Living
Buyer's Agent
Michael Lawlor
Howard Hanna Rand Realty
List Price
$174,900
Sold Price
$169,000
Premium/Discount to List
-$5,900
-3.37%
Current Estimated Value
$437,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,706
Avg. Annual Appreciation
10.44%

Purchase Details

Closed on
Sep 2, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Clapper Daniel

Purchase Details

Closed on
Apr 21, 2010
Sold by
Thomas Gerard and Thomas Melissa
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Oct 2, 2002
Sold by
Depolo Andrea R
Bought by
Thomas Gerard and Thomas Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,450
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Garcia John G $169,000 --
Clapper Daniel $46,000 None Available
Federal Home Loan Mortgage Corp $1,000 None Available
Thomas Gerard $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Gerard $86,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2016 03/30/16 Sold $169,000 -3.4% $88 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $174,900 -- $91 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $9,397 $176,000 $24,000 $152,000
2023 $9,325 $176,000 $24,000 $152,000
2022 $9,053 $176,000 $24,000 $152,000
2021 $9,053 $176,000 $24,000 $152,000
2020 $6,172 $176,000 $24,000 $152,000
2019 $3,644 $176,000 $24,000 $152,000
2018 $6,081 $168,000 $23,000 $145,000
2017 $6,181 $168,000 $23,000 $145,000
2016 $6,158 $168,000 $23,000 $145,000
2015 -- $128,000 $23,000 $105,000
2014 -- $128,000 $23,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20160440

Hudson Valley Catskills Region Multiple List Service

APN: 0800-056.027-0007-003.000-0000