NOT LISTED FOR SALE

56 Silver St Unit 58 Norwich, NY 13815

Estimated Value: $85,000 - $154,000

4 Beds
3 Baths
2,289 Sq Ft
$51/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $65,000 $28 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $897/month

527 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Ceiling Fan
  • 2 Car Detached Garage
  • Forced Air Cooling System
  • High Speed Internet

About This Home

As of March 2016

Excellent INCOME property. Rental income is $2125 per month! All NEW WINDOWS. One 2 bedroom 1st floor apt and one 1st floor 1 bedroom apt and 1 upstairs one bedroom apt on a double city lot. Plus a large garage for storage. All apts in good shape and well maintained. Easy to rent due to convenient location and nice condition of home. Exterior painted 2011. Two driveways for off-street parking. Washer/dryer hookup in basement. $175 month NYSEG (Electric)- Oil (heat)$307/month, Garbage-$40/month, water, $150 per quarter. Snow removal and lawn care currently done by owners. Listing broker is related to sellers.

Last Agent to Sell the Property

Linda Parker ABR, SFR

Listing by PRK Properties License #37PA1087601 Listed on: 07/01/2014

Last Buyer's Agent

Linda Parker ABR, SFR

Listing by PRK Properties License #37PA1087601 Listed on: 07/01/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,087

Year Built

  • Built in 1880

Lot Details

  • 0.34

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,289 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Cooling System
  • Heating Available
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Porch
  • 0.34 Acre Lot

Community Details

  • Gross Income $25,500

Listing and Financial Details

  • Assessor Parcel Number 136.41.3-21

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,087

Year Built

Built in 1880

Lot Details

0

Listing Details

  • NY Swis Code: Norwich-City-081100
  • Total Assessed Value: 39000
  • Construction: Frame
  • Foundation Description: Stone
  • Gross Annual Income: 25500
  • Listing Type: Exclusive Right To Sell
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 191176.47
  • Ratio Close Price By Sq Ft: 28.40
  • Ratio List Price By Acres: 205588.24
  • Ratio List Price By Sq Ft: 30.54
  • Regional Board Code: Rochester
  • Roof Description: Asphalt, Shingles
  • School Tax: 1166
  • Sub Board Code: Otsego-Delaware
  • Lot Sq Ft: 14810
  • Age of Building: 143
  • Year Built: 1880
  • Directions To Property: Corner of Silver St and Gold St.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Ceiling Fan
  • Additional Rooms: Porch - Open
  • Basement Description: Full
  • Floor Description: Carpet, Vinyl-Some, Wood-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Total Sq Ft: 2289

Exterior Features

  • Additional Exterior Features: High Speed Internet
  • Number of Acres: 0.3400

Garage/Parking

  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Forced Air
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Norwich

Lot Info

  • Parcel Number: 136.41.3-21

Tax Info

  • Total Taxes: 3087

MLS Schools

  • School District Name: Norwich

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2014
Closed on
Mar 11, 2016
Sold by
Roberts Matthew
Bought by
Williams Richard and Williams Williams
Seller's Agent
Linda Parker ABR, SFR
PRK Properties
Buyer's Agent
Linda Parker ABR, SFR
PRK Properties
List Price
$76,900
Sold Price
$65,000
Premium/Discount to List
-$11,900
-15.47%
Current Estimated Value
$117,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,625
Avg. Annual Appreciation
6.46%

Purchase Details

Closed on
Apr 18, 2011
Sold by
Parker William
Bought by
Parker William

Purchase Details

Closed on
Jun 5, 2009
Sold by
The Bank Of Ny
Bought by
Prker William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,502
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2008

Purchase Details

Closed on
Dec 4, 1998
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Williams Richard $65,000 William L. Smith
Parker William -- --
Prker William T $39,220 Robert Birch
-- $48,825 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prker William T $38,502
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $65,000 -15.5% $28 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
07/01/2014 07/01/14 For Sale $76,900 -- $34 / Sq Ft
Source: Otsego-Delaware 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 $3,070 $39,000 $7,600 $31,400
2023 $3,025 $39,000 $7,600 $31,400
2022 $2,996 $39,000 $7,600 $31,400
2021 $3,042 $39,000 $7,600 $31,400
2020 $2,962 $39,000 $7,600 $31,400
2019 $3,192 $39,000 $7,600 $31,400
2018 $3,192 $39,000 $7,600 $31,400
2017 $1,237 $39,000 $7,600 $31,400
2016 $1,240 $39,000 $7,600 $31,400
2015 -- $39,000 $7,600 $31,400
2014 -- $39,000 $7,600 $31,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: OD95478

Otsego-Delaware Board of REALTORS®

APN: 081100-136-410-0003-021-000-0000