NOT LISTED FOR SALE

56-58 Erie Ave Hornell, NY 14843

Estimated Value: $87,000 - $100,000

4 Beds
2 Baths
2,216 Sq Ft
$42/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $57,000 $26 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $709/month

79 Days on Market

About This Home

As of May 2021

Consider this duplex in the heart of town. 2 bdrms each unit, bringing in a total income of $1325 per month. Great set up to live in one side and let the other side pay the mortgage! Excellent location within walking distance to schools, restaurants, and shopping downtown. This small investment will yield big returns. Large back yard which can be accessed from the alley behind for parking.

Last Agent to Sell the Property

Stacia Schieder

Listing by Real Inc. License #31SC0879746 Listed on: 11/30/2020

Real Inc.

Last Buyer's Agent

Shaune Henry

Listing by Hunt Real Estate ERA License #30HE0499719

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,917

Year Built

  • Built in 1875

Lot Details

  • 7,351 Sq Ft Lot
  • Lot Dimensions are 148 x 49

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 2,216 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 9
  • Assessor Parcel Number 460600-166-006-0005-009-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $15,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,917

Year Built

Built in 1875

Lot Details

0

Listing Details

  • NY Swis Code: Hornell-City-460600
  • Total Assessed Value: 60000
  • Gross Annual Income: 15900
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 148
  • Lot Dimension Front: 49
  • Lot Information: Primary Road
  • Lot Number: 9
  • Nearest Cross Street: Elm
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 337677.73
  • Ratio Close Price By Sq Ft: 25.72
  • Ratio List Price By Acres: 405805.69
  • Ratio List Price By Sq Ft: 30.91
  • Regional Board Code: Rochester
  • Rent Includes: Refuse Removal, Water
  • School Tax: 1082
  • Sub Board Code: Rochester
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7351
  • Age of Building: 147
  • Year Built: 1875
  • Above Grade Finished Sq Ft: 2216
  • Directions To Property: From Main turn onto Erie
  • Sq Ft Total Pub: 2216
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1875

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2216

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.1688

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Hornell

Lot Info

  • Parcel Number: 460600-166-006-0005-009-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2917

MLS Schools

  • School District Name: Hornell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
May 27, 2021
Sold by
Kiellbo Enterprises Llc
Bought by
Mosko Properties Llc
Seller's Agent
Stacia Schieder
Real Inc.
Buyer's Agent
Shaune Henry
Hunt Real Estate ERA
List Price
$69,500
Sold Price
$57,000
Premium/Discount to List
-$12,500
-17.99%
Current Estimated Value
$93,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,209
Avg. Annual Appreciation
12.24%
Original Mortgage
$46,000
Outstanding Balance
$41,738
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$51,471

Purchase Details

Closed on
Apr 8, 2019
Sold by
Sisco Jacob I
Bought by
Kellbo Enterprises Llc

Purchase Details

Closed on
Mar 21, 2017
Sold by
Sisco Paul
Bought by
Sisco Jacob

Purchase Details

Closed on
Apr 3, 2003
Sold by
Jordan Bruce E
Bought by
Sisco Paul
Source: Public Records

Range of Values:

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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
Mosko Properties Llc $57,000 None Available
Kellbo Enterprises Llc $60,000 --
Sisco Jacob -- --
Sisco Paul $37,000 Eric Shults
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosko Properties Llc $46,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $57,000 -16.8% $26 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
01/05/2021 01/05/21 Price Changed $68,500 -1.4% $31 / Sq Ft
11/30/2020 11/30/20 For Sale $69,500 -- $31 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $2,427 $65,000 $13,400 $51,600
2023 $1,553 $65,000 $13,400 $51,600
2022 $1,594 $65,000 $13,400 $51,600
2021 $1,590 $65,000 $13,400 $51,600
2020 $1,526 $60,000 $13,400 $46,600
2019 $1,590 $59,300 $12,600 $46,700
2018 $1,590 $41,300 $12,600 $28,700
2017 $1,088 $41,300 $12,600 $28,700
2016 $1,141 $41,300 $12,600 $28,700
2015 -- $41,300 $12,600 $28,700
2014 -- $41,300 $12,600 $28,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1309934

Upstate New York Real Estate Information Services (UNYREIS)

APN: 460600-166-006-0005-009-000