NOT LISTED FOR SALE

71 Phelps St Lyons, NY 14489

Estimated Value: $116,000 - $159,000

4 Beds
3 Baths
2,720 Sq Ft
$50/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $80,000 $29 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $978/month

76 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • High Speed Internet
  • Corner Lot

About This Home

As of June 2020

Well maintained 2 family side by side home ready for your investment. One side is a 3 bedroom, 1.5 bath unit (73) and the other is a 2 bedroom, 1 bath unit (71) This home is rarely vacant and has a great rental history with one long term tenant. All utilities are separate and paid by the tenants. Stove and refrigerator in each unit are included. New electric panels for both units, part of the roof was replaced 2 years ago, as well as 1 hot water tank. Sit back and enjoy the rental income, or use as a primary residence and let the tenants pay your mortgage. Either way, a sound investment at this price!!! Come take a look.

Last Agent to Sell the Property

John Flock

Listing by Towpath Homes License #10301216475 Listed on: 03/03/2020

Last Buyer's Agent

John Flock

Listing by Towpath Homes License #10301216475 Listed on: 03/03/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,523

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 85 x 59
  • Corner Lot

Parking

  • Dirt Driveway

Home Design

  • Flat Roof Shape
  • Block Foundation
  • Membrane Roofing
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,720 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 165
  • Assessor Parcel Number 542800-071-111-0005-165-903-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $3,700
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,523

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Annual Operating Expenses: 3700
  • NY Swis Code: Lyons-542889
  • Total Assessed Value: 65700
  • Foundation Description: Block
  • Gross Annual Income: 13200
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 85
  • Lot Dimension Front: 59
  • Lot Information: Corner Lot, Primary Road
  • Lot Number: 165
  • Nearest Cross Street: Sisson
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 727272.73
  • Ratio Close Price By Sq Ft: 29.41
  • Ratio List Price By Acres: 908181.82
  • Ratio List Price By Sq Ft: 36.73
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Asphalt, Flat, Rubber Membrane
  • School Tax: 1440
  • Sub Board Code: Rochester
  • Type of Residence: 2 Unit, Side by Side
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4792
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Phelps Street (Rt 14) north of the downtown area to Sisson Street. House is on the corner of Phelps and Sission Streets
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Stair Access
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Vinyl-Some, Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 2720

Exterior Features

  • Construction: Aluminum/Steel
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1100

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas, Gas

Lot Info

  • Parcel Number: 542800-071-111-0005-165-903-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2523

MLS Schools

  • School District Name: Lyons

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $80,000 -19.9% $29 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $99,900 -- $37 / 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
2024 $3,169 $65,700 $2,100 $63,600
2023 $3,226 $65,700 $2,100 $63,600
2022 $2,746 $65,700 $2,100 $63,600
2021 $2,731 $65,700 $2,100 $63,600
2020 $2,550 $65,700 $2,100 $63,600
2019 $2,514 $65,700 $2,100 $63,600
2018 $2,533 $65,700 $2,100 $63,600
2017 $3,907 $65,700 $2,100 $63,600
2016 $2,491 $65,700 $2,100 $63,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: R1254557

Upstate New York Real Estate Information Services (UNYREIS)

APN: 542800-071-111-0005-165-903-0000