NOT LISTED FOR SALE

61 Townsend Ave Newburgh, NY 12550

Estimated Value: $305,000 - $518,356

4 Beds
2 Baths
2,322 Sq Ft
$194/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $248,000 $107 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,811/month

137 Days on Market

Highlights

  • 1 Car Detached Garage
  • Heating System Uses Steam
  • Wood Siding
  • Hot Water Heating System

About This Home

As of December 2019

Great Opportunity! Don't miss out. Income producing to pay for itself. Join in Newburgh's renaissance! spacious two-family home, fully renovated and presently producing a great income. Tenants are long term. This property is located in a quiet neighborhood, near shopping, schools and amenities the City of Newburgh has to offer. The two units are spacious, and well care for by the amazing tenants Separate utilities. Tenants pay for their own heating Property has a detached oversized garage. Minutes to I-84 and Stewart National Airport.

Last Agent to Sell the Property

Kerly Scialpi

River Realty Services, Inc. License #40SC1112589 Listed on: 05/31/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,229

Year Built

  • Built in 1923

Lot Details

  • 3,899 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2,322 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Magnet Sch Of Math Science & Design Elementary School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 331100.016.000-0011-006.000/0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,229

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 4
  • Living Area: 2322.00
  • Square Footage: 2322.00

Exterior Features

  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Detached, 1 Car Detached, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 600.00

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0900
  • Lot Dimensions: 0.0895
  • Lot Size Sq Ft: 3899.00
  • Lot Size Units: Acres
  • Parcel Number: 331100.016.000-0011-006.000/0000
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Tax Info

  • Close Date: 2019-12-12
  • Tax Annual Amount: 6229.00
  • Tax Map Number: 331100.016.000-0011-006.000/0000

Multi Family

  • Units Total: 2
  • Two Bedrooms: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Magnet Sch of Math Science & Design
  • High School: Newburgh Free Academy
  • Middle School District: Newburgh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Dec 12, 2019
Sold by
Deleon Daniel
Bought by
Edwards Gordon
Seller's Agent
Kerly Scialpi
River Realty Services, Inc.
List Price
$250,000
Sold Price
$248,000
Premium/Discount to List
-$2,000
-0.8%
Current Estimated Value
$450,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,089
Avg. Annual Appreciation
10.67%
Original Mortgage
$223,200
Outstanding Balance
$197,167
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$252,922

Purchase Details

Listed on
Nov 21, 2013
Closed on
Feb 27, 2014
Sold by
Federal Home Loan Mortgage Corp
Bought by
Deleon Daniel
Seller's Agent
Brian Smith
River Realty Services, Inc.
Buyer's Agent
Kerly Scialpi
River Realty Services, Inc.
List Price
$104,900
Sold Price
$70,000
Premium/Discount to List
-$34,900
-33.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.42%

Purchase Details

Closed on
Oct 3, 2013
Sold by
Karben Esq. Referee Ryan Scott
Bought by
Federal Home Loan Mortgage Corporation
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
Edwards Gordon $248,000 None Available
Edwards Gordon $248,000 None Available
Deleon Daniel $70,000 Nydia Padilla-Barham
Federal Home Loan Mortgage Corporation $242,732 Stein Wiener & Roth Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Gordon $223,200
Closed Edwards Gordon $223,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2019 12/12/19 Sold $248,000 -0.8% $107 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $250,000 0.0% $108 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $250,000 +257.1% $108 / Sq Ft
02/27/2014 02/27/14 Sold $70,000 -33.3% $30 / Sq Ft View Prior Sale
01/24/2014 01/24/14 Pending -- -- --
11/21/2013 11/21/13 For Sale $104,900 -- $45 / Sq Ft
Source: OneKey® MLS

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 $14,378 $478,500 $31,000 $447,500
2023 $14,378 $435,000 $31,000 $404,000
2022 $12,776 $299,000 $14,100 $284,900
2021 $11,625 $249,200 $12,800 $236,400
2020 $8,977 $216,700 $12,800 $203,900
2019 $3,438 $146,300 $12,800 $133,500
2018 $3,438 $146,300 $14,500 $131,800
2017 $7,420 $146,300 $14,500 $131,800
2016 $6,228 $120,400 $14,500 $105,900
2015 -- $104,500 $14,500 $90,000
2014 -- $104,500 $14,500 $90,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4945245

OneKey® MLS

APN: 331100-016-000-0011-006.000-0000