NOT LISTED FOR SALE

5763 Telephone Rd Cincinnatus, NY 13040

Estimated Value: $400,238

Studio
-- Bath
4,956 Sq Ft
$81/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $65,000 $13 Per Sq Ft

Est. 516% increase in value since last sale

Current estimated payment $2,683/month

88 Days on Market

Highlights

  • Wood Flooring
  • Zoned Heating
  • Hot Water Heating System

About This Home

As of April 2020

Don't let this property pass you by. This historic property currently has two rented apartments on a month to month basis with plenty of room to build more. Let your imagination run wild with the many different possibilities this property has to offer!

Last Agent to Sell the Property

Ashley Warfield

Listing by Yaman Real Estate License #10401333382 Listed on: 12/18/2019

Last Buyer's Agent

Ashley Warfield

Listing by Yaman Real Estate License #10401333382 Listed on: 12/18/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1831

Lot Details

  • Lot Dimensions are 106 x 84

Parking

  • Driveway

Home Design

  • Block Foundation
  • Metal Roof

Interior Spaces

  • 4,956 Sq Ft Home
  • 3-Story Property
  • Partial Basement

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Zoned Heating
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Rent includes electric, heat, hot water, water
  • Assessor Parcel Number 123.05.01-15000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1831

Lot Details

8,886 Sq Ft Lot

Listing Details

  • NY Swis Code: Cincinnatus-112000
  • Total Assessed Value: 174000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 106
  • Lot Dimension Front: 84
  • Lot Information: Commercial Zoning
  • Nearest Cross Street: Lower Cincinnatus Rd
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 13.12
  • Ratio List Price By Sq Ft: 17.05
  • Regional Board Code: Syracuse
  • Rent Includes: Electric, Heat, Hot Water, Water
  • Roof Description: Metal
  • School Tax: 3528
  • Sub Board Code: Cortland
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 191
  • Year Built: 1831
  • Directions To Property: On the corner of Telephone Rd Ext and Lower Cincinnatus Rd
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1831

Interior Features

  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 4956

Exterior Features

  • Construction: Wood

Garage/Parking

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

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Hot Water, Multi-Zone
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Septic
  • Water Heater Fuel: Oil

Lot Info

  • Parcel Number: 123.05.01-15000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 7434

MLS Schools

  • School District Name: Cincinnatus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2021
Sold by
Wehner Enterprises Llc
Bought by
Our House Your Home Cincinnatus Llc
Current Estimated Value
$400,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$220,826
Interest Rate
3.14%
Mortgage Type
Seller Take Back
Estimated Equity
$179,412
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Our House Your Home Cincinnatus Llc $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Our House Your Home Cincinnatus Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2020 04/16/20 Sold $65,000 -23.1% $13 / Sq Ft
03/15/2020 03/15/20 Pending -- -- --
02/27/2020 02/27/20 Price Changed $84,500 -6.0% $17 / Sq Ft
12/18/2019 12/18/19 For Sale $89,900 -- $18 / Sq Ft
Source: Cortland County Board 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 $7,453 $225,000 $15,000 $210,000
2023 $8,581 $225,000 $15,000 $210,000
2022 $4,749 $225,000 $15,000 $210,000
2021 $2,590 $75,000 $6,500 $68,500
2020 $3,907 $75,000 $6,500 $68,500
2019 $3,907 $174,000 $5,800 $168,200
2018 $3,907 $174,000 $5,800 $168,200
2017 $4,996 $120,000 $5,800 $114,200
2016 $7,170 $120,000 $5,800 $114,200
2015 -- $120,000 $5,800 $114,200
2014 -- $120,000 $5,800 $114,200
Source: Public Records

Agents Affiliated with this Home

  • Ashley Warfield

    Seller's Agent in 2020

    Ashley Warfield

    Yaman Real Estate

    (607) 745-8531

    4 in this area

    74 Total Sales

    Ashley Warfield
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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1242924

Cortland County Board of REALTORS®

APN: 112000-123-005-0001-015-000-0000

New York Cortland County Cincinnatus 13040

5763 Telephone Rd, Cincinnatus, NY

Not Listed for Sale

MultiFamily

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