NOT LISTED FOR SALE

7 Balding Ave Poughkeepsie, NY 12601

Estimated Value: $398,000 - $472,000

6 Beds
3 Baths
3,244 Sq Ft
$131/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $344,500 $106 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,991/month

124 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Park
  • Victorian Architecture
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

As of December 2022

Strong 2-family rental property just outside Downtown and close to Walkway Over the Hudson and waterfront. Long-term tenants with $38,580/yr current rent roll. Self-managed and maintained, up to code, no deferred maintenance.

Last Agent to Sell the Property

Don Minichino

KW MidHudson License #10401333542 Listed on: 07/20/2022

KW MidHudson

Last Buyer's Agent

ELIZABETH IAMICELI

K. Fortuna Realty, Inc. License #40PA0914137

K. Fortuna Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,557

Year Built

  • Built in 1910 | Remodeled in 2015

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 3,244 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Morse Young Magnet Elementary School
  • Poughkeepsie Middle School
  • Poughkeepsie High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Assessor Parcel Number 131300-6162-69-082238-0000

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,557

Year Built

Built in 1910 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Victorian
  • Property SubType: Multi Family
  • Year Built: 1910
  • Year Built Effective: 2015
  • Attribution Contact: 914-798-4900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full
  • Total Bedrooms: 6
  • Living Area: 3244.00
  • Square Footage: 3244.00

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 4.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Garbage Removal: Private
  • Heating: Natural Gas, Forced Air
  • Hot Water: Electric Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Morse Young Magnet School
  • Middle School: Poughkeepsie Middle School
  • High School: Poughkeepsie High School
  • Middle School: Poughkeepsie Middle School

Lot Info

  • Lot Size Acres: 0.1600
  • Lot Size Area: 0.1600
  • Lot Size Sq Ft: 6970.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 131300-6162-69-082238-0000
  • Property Attached: Yes

Rental Info

  • Hold Start Date: 2022-10-28
  • Tenant Pays: Electricity, Gas, Heat

Tax Info

  • Close Date: 2022-12-16
  • Tax Annual Amount: 6557.00
  • Tax Map Number: 131300-6162-69-082238-0000

Multi Family

  • Units Total: 2
  • Three Bedrooms: 1
  • Four Bedrooms: 1
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Morse Young Magnet School
  • High School: Poughkeepsie High School
  • Middle School District: Poughkeepsie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Dec 16, 2022
Sold by
Cardinal Assets Of Ny Llc
Bought by
Equity Tco
Seller's Agent
Don Minichino
KW MidHudson
Buyer's Agent
ELIZABETH IAMICELI
K. Fortuna Realty, Inc.
List Price
$349,000
Sold Price
$344,500
Premium/Discount to List
-$4,500
-1.29%
Views
66
Current Estimated Value
$425,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,919
Avg. Annual Appreciation
8.15%

Purchase Details

Closed on
Jan 7, 2014
Sold by
Sclafani Louis
Bought by
Cardinal Assets Of New Yo

Purchase Details

Closed on
Aug 9, 2000
Sold by
Tawfik Nader L
Bought by
Sclafani Louis

Purchase Details

Closed on
Nov 2, 1995

Purchase Details

Closed on
May 22, 1995
Sold by
Mahar Thomas D
Bought by
Federal National Mtg Asso
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
Equity Tco $344,500 None Available
Cardinal Assets Of New Yo $4,335 --
Sclafani Louis $93,000 Peter Alexanderson
-- $36,000 --
Federal National Mtg Asso $67,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $344,500 0.0% $106 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
10/28/2022 10/28/22 Off Market $344,500 -- --
10/24/2022 10/24/22 For Sale $349,000 +1.3% $108 / Sq Ft
09/06/2022 09/06/22 Off Market $344,500 -- --
07/20/2022 07/20/22 For Sale $349,000 -- $108 / 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 $8,817 $344,500 $29,700 $314,800
2023 $8,817 $347,800 $29,700 $318,100
2022 $7,168 $289,800 $27,000 $262,800
2021 $6,835 $230,000 $27,000 $203,000
2020 $6,279 $200,000 $27,000 $173,000
2019 $5,976 $175,500 $27,000 $148,500
2018 $5,713 $165,600 $27,000 $138,600
2017 $5,526 $162,400 $27,000 $135,400
2016 $6,058 $180,400 $27,000 $153,400
2015 -- $186,000 $27,000 $159,000
2014 -- $71,300 $27,000 $44,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6200137

OneKey® MLS

APN: 131300-6162-69-082238-0000