NOT LISTED FOR SALE

7027 W Main Rd Lima, NY 14485

Lima Area

Estimated Value: $374,339

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

Sale Details

Date Sold: February 5, 2021

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

Est. 15% increase in value since last sale

Current estimated payment $2,429 / mo

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: 08/03/2020

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

1.5 Acres

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
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
Interest Rate
0.026%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2013
Sold by
Bought by

Purchase Details

Closed on
May 29, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1995
Sold by
Bought by

Purchase Details

Closed on
May 24, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$325,000 None Available
$330,000 John Polimeni
$316,604 John Marchiani
$430,000 Shannon L. Farley
-- --
$20,000 --
$20,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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

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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

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