NOT LISTED FOR SALE

709 Ackerman Ave Syracuse, NY 13210

University Neighborhood

Estimated Value: $453,000 - $492,000

6 Beds
3 Baths
2,870 Sq Ft
$164/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $264,000 $92 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,755/month

58 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near a bus stop

About This Home

As of April 2020

UNIVERSITY 3 FAMILY. TURNKEY MONEYMAKER. Super location in University area. Rented for 2020- 2021 already- so it cashflows from day one. If you are looking for a solid investment in the university area- this is the one!

Last Agent to Sell the Property

Dan Murphy

Listing by University Hill Realty Ltd License #10301206321 Listed on: 11/09/2019

Last Buyer's Agent

Andrea Bucci

Listing by Acropolis Realty Group LLC License #40BU0998964

Acropolis Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,771

Year Built

  • Built in 1910

Lot Details

  • 5,280 Sq Ft Lot
  • Lot Dimensions are 132 x 40

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2,870 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes furnished, grounds maintenance, lawn maintenance, no utilities
  • Tax Lot 21
  • Assessor Parcel Number 311500-046-000-0012-021-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $8,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,771

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Annual Operating Expenses: 8286
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 170400
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 40
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 21
  • Nearest Cross Street: Euclid
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2178217.82
  • Ratio Close Price By Sq Ft: 91.99
  • Ratio List Price By Acres: 2516501.65
  • Ratio List Price By Sq Ft: 106.27
  • Regional Board Code: Syracuse
  • Rent Includes: Furnished, Grounds Maintenance, Lawn Maintenance, No Utilities
  • Roof Description: Asphalt
  • School Tax: 2967
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5280
  • Ad Copy: RENTED THROUGH 2021! 3 Family University Student Rental. Great Income and Return. Turnkey Condition. If you are looking to be a landlord- this is the one!
  • Ad Headline: Univ 3 Unit Fully Leased
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: East on E Genesee to Right on Westcott. Right onto Euclid. Right onto Ackerman. Property will be on your right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Basement Description: Full
  • Floor Description: Hardwood-Some, Resilient-Some
  • Total Sq Ft: 2870

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1212

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-046-000-0012-021-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 7771

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2019
Closed on
Feb 25, 2020
Sold by
709 Ackerman Ave Llc
Bought by
Hns Realty Llc
Seller's Agent
Dan Murphy
University Hill Realty Ltd
Buyer's Agent
Andrea Bucci
Acropolis Realty Group LLC
List Price
$305,000
Sold Price
$264,000
Premium/Discount to List
-$41,000
-13.44%
Current Estimated Value
$470,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,223
Avg. Annual Appreciation
10.62%
Original Mortgage
$198,000
Outstanding Balance
$175,357
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$294,866

Purchase Details

Closed on
Jul 18, 2003
Sold by
Joseph Tupper
Bought by
709 Ackerman Ave Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hns Realty Llc $264,000 None Available
709 Ackerman Ave Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hns Realty Llc $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $264,000 -13.4% $92 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $305,000 0.0% $106 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/09/2019 11/09/19 For Sale $305,000 -- $106 / Sq Ft
Source: Central New York Information Services

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 $3,486 $230,000 $12,600 $217,400
2023 $3,236 $200,000 $12,600 $187,400
2022 $3,279 $200,000 $12,600 $187,400
2021 $3,279 $200,000 $12,600 $187,400
2020 $3,109 $200,000 $12,600 $187,400
2019 $3,112 $170,400 $12,600 $157,800
2018 $3,112 $170,400 $12,600 $157,800
2017 -- $170,400 $12,600 $157,800
2016 $3,055 $170,400 $12,600 $157,800
2015 -- $170,400 $12,600 $157,800
2014 -- $142,000 $12,600 $129,400
Source: Public Records

Agents Affiliated with this Home

  • Dan Murphy

    Seller's Agent in 2020

    Dan Murphy

    University Hill Realty Ltd

    (315) 460-0024

    8 in this area

    41 Total Sales

    Dan Murphy
    Section Image
  • Andrea Bucci

    Buyer's Agent in 2020

    Andrea Bucci

    Acropolis Realty Group LLC

    (315) 430-3693

    18 in this area

    57 Total Sales

    Andrea Bucci
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1237591

Central New York Information Services

APN: 311500-046-000-0012-021-000-0000

New York Onondaga County Syracuse 13210 University

709 Ackerman Ave, Syracuse, NY

Not Listed for Sale

MultiFamily

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