NOT LISTED FOR SALE

8 Mohonk Ave New Paltz, NY 12561

Estimated Value: $801,000 - $846,000

10 Beds
4 Baths
2,912 Sq Ft
$280/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $400,000 $137 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,904/month

126 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 3-minute walk to Hasbrouck Park
  • Patio
  • Carpet

About This Home

As of December 2015

New Paltz student housing is always in demand and this duplex has not had a vacancy since this owner has owned. Both furnaces were replaced, one last September 2014 & other September 2013. Refrigerator & DW's in both units replaced in 9/12 approximately. There is a common area where there is a washer & dryer for tenant use. Owner has a separate propane unit for this purpose at a cost of $73.00 annually. Additional expenses include: Lawn/snow removal $1,920. Do the numbers and see for yourself the return on investment. You won't want to miss this opportunity. Fully leased until June 2016. The driveway is owned by this home and sits back nicely off the road and just across the street from the college. Very desirable!

Last Agent to Sell the Property

Teresa Shand

Colucci Shand Realty Listed on: 06/05/2015

Last Buyer's Agent

Teresa Shand

Colucci Shand Realty Listed on: 06/05/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,004

Year Built

  • Built in 1993

Lot Details

  • 0.41

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding

Kitchen

  • Range Hood
  • Dishwasher

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Common or Shared Parking
  • Parking Lot

Schools

  • Duzine K-2 Elementary School

Utilities

  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Carpet
  • Crawl Space
  • Patio
  • 0.41 Acre Lot

Listing and Financial Details

  • The owner pays for repairs, sewer, taxes, trash collection, water
  • Legal Lot and Block 3 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Electric Expense $335
  • Fuel Expense $73
  • Insurance Expense $1,292
  • Supplies Expense $850
  • New Taxes Expense $17,297
  • Net Operating Income $46,817

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,004

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Year Built: 1993
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.41
  • Road Surface Type: Gravel
  • Supplies Expense: 850.0
  • Co List Office Phone: 845-399-5768
  • MLS Status: Closed
  • Master Plan Zoning: R2
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.41
  • General Property Information Lot Size Dimensions: 0.41 acres
  • Electric:Circuit Breakers: Yes
  • Flooring:Carpet: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 17297.0
  • Income And Expenses Cap Rate: 9.0
  • Gross Scheduled Income: 73800.0
  • Income And Expenses Fuel Expense: 73.0
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Roof Fiberglass2: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • Structure Type Duplex: Yes
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other, Refrigerator, Range Hood, Dishwasher
  • Basement: Crawl Space
  • Flooring: Carpet
  • Basement:Crawl Space: Yes
  • Appliances:Range Hood: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Roof: Fiberglass, Shingle
  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Patio
  • Construction Materials:Frame: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Parking Lot, Common
  • General Property Information:Garage YN: No
  • Parking Features:Parking Lot: Yes
  • Parking Features:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Heating: Baseboard, Hot Water, Propane
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Propane2: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1398.0

Lot Info

  • Lot Dimensions: 0.41 acres
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Repairs, Sewer, Taxes, Trash Collection, Water, Other
  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 335.0
  • Insurance Expense: 1292.0
  • Net Operating Income: 46817.0

Tax Info

  • New Taxes Expense: 17297.0
  • Tax Block: 2
  • Tax Lot: 3

MLS Schools

  • Elementary School: Duzine K-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Dec 28, 2015
Sold by
Hayes Joseph and Hayes Robin
Bought by
Apuzzo John R and Munco Apuzzo Linda
Seller's Agent
Teresa Shand
Colucci Shand Realty
Buyer's Agent
Teresa Shand
Colucci Shand Realty
List Price
$475,000
Sold Price
$400,000
Premium/Discount to List
-$75,000
-15.79%
Current Estimated Value
$814,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,509
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Nov 3, 2004
Sold by
Valley Management Llc
Bought by
Hayes Joseph and Hayes Robin

Purchase Details

Closed on
Aug 30, 1996
Source: Public Records

Range of Values:

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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
Apuzzo John R $400,000 --
Hayes Joseph $585,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayes Joseph $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2015 12/28/15 Sold $400,000 -15.8% $137 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $475,000 -- $163 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $18,004 $495,000 $76,500 $418,500
2023 $20,284 $495,000 $76,500 $418,500
2022 $19,645 $495,000 $76,500 $418,500
2021 $19,645 $495,000 $76,500 $418,500
2020 $19,667 $495,000 $76,500 $418,500
2019 $15,422 $495,000 $76,500 $418,500
2018 $18,940 $495,000 $76,500 $418,500
2017 $18,428 $495,000 $76,500 $418,500
2016 $18,043 $495,000 $76,500 $418,500
2015 -- $495,000 $76,500 $418,500
2014 -- $495,000 $76,500 $418,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20152657

Hudson Valley Catskills Region Multiple List Service

APN: 3801-086.041-0002-003.200-0000