NOT LISTED FOR SALE

7027 W Main Rd Lima, NY 14485

Estimated Value: $374,339

3 Beds
1 Bath
4,280 Sq Ft
$87/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $325,000 $76 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,441/month

78 Days on Market

Highlights

  • 1.5 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • 1-Story Property
  • Manor Intermediate School Rated A
  • Baseboard Heating

About This Home

As of February 2021

Nine room motel approximately 2600 SF plus a one story house (1680 SF) converted into a duplex (two 1 BR. The property will be subdivided into approximately 2 acres with 200 feet of road frontage on SR 5.Zoned commercial with Public water, septic system, natural gas, electric and cable. The motel is currently operated as a weekly short term residence. The motel has received many major improvements over the last 6 years (see attachment.)There is a full basement under the motel and duplex. Motel includes furnishings in eight of the rooms (TV, Dresser, AC Unit, Microwave, Bed and Chair.) Mini Storage will be subdivided and is not for sale.

Last Agent to Sell the Property

Marty McMillan

Listing by McMillan & Welch Real Estate A License #10301222164 Listed on: 08/04/2020

Last Buyer's Agent

Jonathan Welch

Listing by McMillan & Welch Real Estate A License #10311209863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,458

Year Built

  • Built in 1948

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 200x300

Parking

  • No Garage

Interior Spaces

  • 4,280 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater
  • Septic Tank

Community Details

  • 11 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Rent includes all utilities
  • Tax Lot 11
  • Assessor Parcel Number 243289-036-000-0002-011-031-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,458

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Rooming House
  • Property Type: Multi Family
  • Rent Includes: All Utilities
  • Year Built: 1948
  • Directions: Just west of the Village on your right heading West.
  • Flooring: Other, See Remarks
  • Garage Yn: No
  • Unit Levels: One
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater, See Remarks
  • Basement: Full
  • Basement YN: Yes
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 1.5
  • Waterfront: No
  • Construction Type: Other, See Remarks
  • Exterior Features: See Remarks

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Baseboard
  • HeatingYN: Yes
  • Utilities: Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Schools

  • Junior High Dist: Honeoye Falls-Lima

Lot Info

  • Parcel Number: 243289-036-000-0002-011-031-0000
  • Lot Dimensions: 200X300
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 16458.0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Jan 28, 2021
Sold by
Lima Rentals Llc
Bought by
Lima Holtel Llc
Seller's Agent
Marty McMillan
McMillan & Welch Real Estate A
Buyer's Agent
Jonathan Welch
McMillan & Welch Real Estate A
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$374,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,339
Original Mortgage
$260,000
Outstanding Balance
$234,810
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2013
Sold by
Gary P Wall Real Estae I
Bought by
Lima Rentals Llc

Purchase Details

Closed on
May 29, 2012
Sold by
Vogt Michael J
Bought by
Gary P Wall Real Estate I

Purchase Details

Closed on
Aug 23, 2006
Sold by
West Michael A
Bought by
Vogt Michael J

Purchase Details

Closed on
Nov 24, 1995
Sold by
Estate Of Wemett Vernon
Bought by
Groomes Kristin P and Wemett Kyle M

Purchase Details

Closed on
May 24, 1995
Sold by
Estate Of Wemett Vernon A
Bought by
Salerno Edmund P and Salerno Patricia A

Purchase Details

Closed on
Dec 30, 1994
Sold by
Wemett Vernon A
Bought by
Johnson Valerie
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
Lima Holtel Llc $325,000 None Available
Lima Rentals Llc $330,000 John Polimeni
Gary P Wall Real Estate I $316,604 John Marchiani
Vogt Michael J $430,000 Shannon L. Farley
Groomes Kristin P -- --
Salerno Edmund P $20,000 --
Johnson Valerie $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lima Holtel Llc $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $325,000 0.0% $76 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $325,000 0.0% $76 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $325,000 -- $76 / 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
2021 $5,745 $438,000 $51,400 $386,600
2020 $16,421 $438,000 $51,400 $386,600
2019 $16,421 $438,000 $51,400 $386,600
2018 $16,421 $438,000 $51,400 $386,600
2017 $12,983 $330,000 $51,400 $278,600
2016 $12,881 $330,000 $51,400 $278,600
2015 -- $330,000 $51,400 $278,600
2014 -- $330,000 $51,400 $278,600
Source: Public Records

Agents Affiliated with this Home

  • Marty McMillan

    Seller's Agent in 2021

    Marty McMillan

    McMillan & Welch Real Estate A

    (585) 880-6283

    36 Total Sales

    Marty McMillan
    Section Image
  • Jonathan Welch

    Buyer's Agent in 2021

    Jonathan Welch

    McMillan & Welch Real Estate A

    (585) 880-6283

    3 in this area

    68 Total Sales

    Jonathan Welch
    Section Image
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Map

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

MLS Number: R1283981

Upstate New York Real Estate Information Services (UNYREIS)

APN: 243289-036-000-0002-011-031-0000

New York Livingston County Lima 14485

7027 W Main Rd, Lima, NY

This home is located at 7027 W Main Rd, Lima, NY 14485 since 04 August 2020 and is currently priced at $374,339, approximately $87 per square foot. This property was built in 1948. 7027 W Main Rd is a home located in Livingston County with nearby schools including Lima Elementary School, Manor Intermediate School, and Honeoye Falls Lima Middle School.

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