NOT LISTED FOR SALE

8 Russell St Saugerties, NY 12477

Estimated Value: $274,000 - $451,000

4 Beds
2 Baths
1,978 Sq Ft
$174/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $100,000 $51 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $2,317/month

628 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 4-minute walk to Saugerties Village Beach & Playground
  • No HOA

About This Home

As of January 2015

Great 2 family investment or live in one unit and rent the other to cover you housing costs. Clean building in great shape. Apartments have been recently renovated and offer nice flow and arrangement of space. Easy to rent. Close to all Village shops, schools and library.

Last Agent to Sell the Property

Steve Hubbard

Hubbard, Steve Real Estate License #31HU0803395 Listed on: 04/14/2013

Last Buyer's Agent

Steve Hubbard

Hubbard, Steve Real Estate License #31HU0803395 Listed on: 04/14/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,475

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 37.00x56.00

Home Design

  • Duplex
  • Frame Construction
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Carpet

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 3 / 5

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $650
  • New Taxes Expense $4,584
  • Net Operating Income $12,766

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,475

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.04
  • Co List Office Phone: 845-246-2022
  • MLS Status: Closed
  • Master Plan Zoning: 06
  • Location Tax and Legal:Tax Block: 5
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Lot Size Dimensions: 37.00x56.00
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 4584.0
  • Income And Expenses Cap Rate: 10.0
  • Gross Scheduled Income: 18600.0
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Water Source:Public: Yes
  • Roof:RolledHot Mop: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Basement: Full
  • Flooring: Carpet, Hardwood
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Rolled/Hot Mop
  • Construction Type: Frame
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Hot Water, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Dimensions: 37.00x56.00
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: All Utilities

Multi Family

  • Insurance Expense: 650.0
  • Net Operating Income: 12766.0

Tax Info

  • New Taxes Expense: 4584.0
  • Tax Block: 5
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2013
Closed on
Jan 12, 2015
Sold by
Arnao John and Arnao Susan G
Bought by
Vaccaro Vincent N and Vaccaro Renee
Seller's Agent
Steve Hubbard
Hubbard, Steve Real Estate
Buyer's Agent
Steve Hubbard
Hubbard, Steve Real Estate
List Price
$159,000
Sold Price
$100,000
Premium/Discount to List
-$59,000
-37.11%
Current Estimated Value
$344,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,272
Avg. Annual Appreciation
12.39%
Original Mortgage
$75,000
Outstanding Balance
$58,093
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$289,569

Purchase Details

Closed on
Apr 15, 2003
Sold by
Williams Jerry and Williams Rosemarie
Bought by
Arnao John and Arnao Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Vaccaro Vincent N $100,000 --
Arnao John $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaccaro Vincent N $75,000
Previous Owner Arnao John $79,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2015 01/12/15 Sold $100,000 -37.1% $51 / Sq Ft
01/02/2015 01/02/15 Pending -- -- --
04/14/2013 04/14/13 For Sale $159,000 -- $80 / 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 $5,475 $233,000 $60,000 $173,000
2023 $5,024 $204,000 $60,000 $144,000
2022 $4,600 $170,000 $60,000 $110,000
2021 $4,573 $143,500 $54,500 $89,000
2020 $4,490 $129,000 $49,000 $80,000
2019 $4,464 $129,000 $49,000 $80,000
2018 $4,373 $125,000 $49,000 $76,000
2017 $4,462 $125,000 $49,000 $76,000
2016 $3,689 $125,000 $49,000 $76,000
2015 -- $125,000 $47,500 $77,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20131600

Hudson Valley Catskills Region Multiple List Service

APN: 4801-018.263-0005-003.000-0000