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Seller's Agent in 2016
unknownagent unknownagent
unknownoffice
798 Springtown Rd Tillson, NY 12486
Estimated Value: $280,000 - $499,000
4
Beds
2
Baths
1,520
Sq Ft
$241/Sq Ft
Est. Value
Highlights
- Victorian Architecture
- Balcony
- Forced Air Heating System
- No HOA
- Eat-In Kitchen
- 2 Car Garage
About This Home
As of April 2016MONEY MAKING INVESTMENT PROPERTY! What do all serious investors look for? A quick return on their down payment. Ok... let’s do the math. With a 20% down payment @ 5% interest/30 years, this legal 2-family property is capable of returning your initial down payment money ($23,000) in less than 5 years!** Plus you get mortgage interest write offs, depreciation, and (hopefully!) property appreciation. Then, the rest is gravy! This house can give you your cash outlay back quickly, and create a forever income stream! Everything is currently serviceable, but down the road, you can use some of the income (or your returned down payment money) to do updates to kitchens and bathrooms. Updates in the last few years include new windows, new furnace blower motor, one new hot water heater, and leach fields were redone. This house has curb appeal, and is never hard to rent out. Each apartment has 2 bedrooms, one bath, one eat-in-kitchen and a charming front balcony. The yard is flat, with room for a play area or garden. There is a spacious parking area in the rear. Situated only a few minutes walk to the village of Rosendale, and just down the road from a small convenient store, this property is centrally located half way between New Paltz, Kingston and Stone Ridge. Driveway is deeded right of way. One HW heater is propane and one is electric. Interior photos show downstairs apartment last time it was vacant. List price is well below assessed value of $187,000. Heating fuel amount is based on June 2014-May 2015 853 gallons @ $3.13 average/gallon. Lawn/snow costs fluctuate depending on the year. Three electric meters. Tenants pay their own electric and propane. **Always check with your CPA to verify numbers and returns being represented to see if this is correct and if it works for you. Numbers are based on 20% down payment, which may or may not be available to all buyers. Check with your lender to see what programs are available to you.
Last Agent to Sell the Property
unknownagent unknownagent
unknownoffice Listed on: 02/02/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1895
Lot Details
- 0.28 Acre Lot
- Level Lot
Parking
- 2 Car Garage
- Parking Lot
Home Design
- Duplex
- Victorian Architecture
- Frame Construction
- Shingle Roof
- Asphalt Roof
- Clapboard
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Range
Outdoor Features
- Balcony
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- Well
- Gas Water Heater
- Septic Tank
Listing and Financial Details
- The owner pays for oil, repairs, taxes, trash collection
- Legal Lot and Block 24 / 1
- Assessor Parcel Number 4600-070.043-0001-024.000-0000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Electric Expense $540
- Fuel Expense $2,673
- Insurance Expense $1,482
- New Taxes Expense $6,222
- Net Operating Income $10,978
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 14, 2016
Sold by
798 Springtown Llc
Bought by
Bondarenka David
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Feb 2, 2016
Closed on
Apr 29, 2016
Sold by
Smith William A
Bought by
798 Springtown Llc
Seller's Agent
unknownagent unknownagent
unknownoffice
Buyer's Agent
Lynn Masanotti
Howard Hanna Rand Realty
List Price
$115,000
Sold Price
$108,000
Premium/Discount to List
-$7,000
-6.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.35%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bondarenka David | -- | -- | |
| 798 Springtown Llc | $108,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bondarenka David | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2016 04/29/16 | Sold | $108,000 | -6.1% | $71 / Sq Ft |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- |
| 02/02/2016 02/02/16 | For Sale | $115,000 | 0.0% | $76 / Sq Ft |
| 08/04/2015 08/04/15 | Rented | $950 | -20.8% | -- |
| 08/04/2015 08/04/15 | Under Contract | -- | -- | -- |
| 05/04/2015 05/04/15 | For Rent | $1,200 | -- | -- |
Source: Hudson Valley Catskills Region Multiple List Service
Tax History Compared to Growth
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 | $4,859 | $126,000 | $34,000 | $92,000 |
| 2023 | $4,846 | $126,000 | $34,000 | $92,000 |
| 2022 | $4,515 | $126,000 | $34,000 | $92,000 |
| 2021 | $4,515 | $126,000 | $34,000 | $92,000 |
| 2020 | $3,854 | $126,000 | $34,000 | $92,000 |
| 2019 | $4,808 | $120,000 | $34,000 | $86,000 |
| 2018 | $4,066 | $120,000 | $34,000 | $86,000 |
| 2017 | $4,106 | $120,000 | $34,000 | $86,000 |
| 2016 | $4,063 | $120,000 | $34,000 | $86,000 |
| 2015 | -- | $187,000 | $34,000 | $153,000 |
| 2014 | -- | $187,000 | $34,000 | $153,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Lynn Masanotti
Buyer's Agent in 2016
Lynn Masanotti
Howard Hanna Rand Realty
(845) 532-1716
13 Total Sales
-
Lindsay Stevens
Seller's Agent in 2015
Lindsay Stevens
eXp Realty
(845) 204-4447
3 in this area
202 Total Sales
-
B
Buyer's Agent in 2015
Bruce Stevens
Past Member
Map
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20160458
APN: 4600-070.043-0001-024.000-0000
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