NOT LISTED FOR SALE

8 W Center St New Paltz, NY 12561

Estimated Value: $599,000 - $749,000

8 Beds
3.5 Baths
3,104 Sq Ft
$215/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $579,000 $187 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,784/month

118 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Cul-De-Sac
  • Property is near public transit
  • 1 Car Detached Garage
  • Porch

About This Home

As of December 2021

Money Maker in New Paltz! Sought after prime location for student housing in the Village of New Paltz right between campus and Main Street. This property on three levels is 100% occupied, continuing a long history as a popular student rental. This property features two separate units rented annually to SUNY New Paltz students; one is a 3-bedroom 1.5 bath, and the other is a 5-bedroom 2 bath. Garage is also rented. The house sits at the end of a cul-de-sac offering plenty of off-street parking. Students love the generously sized bedrooms, comfortable layout, and spacious common areas. Utilities, which are separated by unit, are currently paid by landlord. Minutes from restaurants and shopping on Main Street. Close to scenic parks and outdoor activities. Very close to the Trailways bus terminal that services commuters from Albany to New York City. This multifamily property is a unique find offering a strong NOI. Can be professionally managed through perch'n. More info at ppxinvest.

Last Agent to Sell the Property

RHONA BORK

RMB & Associates License #10491207064 Listed on: 08/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,000

Year Built

  • Built in 1890

Lot Details

  • No Common Walls
  • Cul-De-Sac
  • Fenced
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shake Siding
  • Cedar

Interior Spaces

  • 3,104 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Outbuilding
  • Porch

Location

  • Property is near public transit

Schools

  • New Paltz Middle School
  • New Paltz Senior High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater

Listing and Financial Details

  • Assessor Parcel Number 513801.086.034-0007-032.000/0000

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • 2 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,000

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1890
  • Attribution Contact: 845-380-4922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 8
  • Living Area: 3104.00
  • Square Footage: 3104.00

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Frame, Cedar, Shake Siding
  • Fencing: Fenced
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 8.00
  • Attached Garage: No
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Detached, 1 Car Detached, Common, Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Electric, Oil, Baseboard
  • Hot Water: Electric Stand Alone, Fuel Oil Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: New Paltz Middle School
  • High School: New Paltz Senior High School
  • Middle School: New Paltz Middle School

Lot Info

  • Lot Features: Level, Near Public Transit, Cul-De-Sec
  • Parcel Number: 513801.086.034-0007-032.000/0000
  • Property Attached: No

Rental Info

  • Tenant Pays: See Remarks

Tax Info

  • Close Date: 2021-12-30
  • Tax Annual Amount: 14000.00
  • Tax Map Number: 513801.086.034-0007-032.000/0000

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: New Paltz Senior High School
  • Middle School District: New Paltz

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2021
Closed on
Dec 30, 2021
Sold by
Green House Holdings Llc
Bought by
Np Rentals Llc
Seller's Agent
RHONA BORK
RMB & Associates
List Price
$750,000
Sold Price
$579,000
Premium/Discount to List
-$171,000
-22.8%
Current Estimated Value
$668,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,058
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Jun 25, 2015
Sold by
Miller Benjamin J
Bought by
Green House Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 3, 2005
Sold by
Soper Matthew W and Soper Samantha A
Bought by
Miller Benjamin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,750
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Kraus Enterprises Llc
Bought by
Soper Matthew W and Soper Samantha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
5.9%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 1997
Sold by
Kraus Kathleen A
Bought by
Kraus Enterprises Llc
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
Np Rentals Llc $579,000 Stewart Title
Green House Holdings Llc -- --
Miller Benjamin J $369,770 None Available
Soper Matthew W $316,300 Universal
Kraus Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Benjamin J $360,000
Previous Owner Miller Benjamin J $456,000
Previous Owner Miller Benjamin J $332,750
Previous Owner Soper Matthew W $253,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $579,000 -16.7% $187 / Sq Ft
12/24/2021 12/24/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $695,000 -4.1% $224 / Sq Ft
10/11/2021 10/11/21 Price Changed $725,000 -3.3% $234 / Sq Ft
08/28/2021 08/28/21 For Sale $750,000 0.0% $242 / Sq Ft
07/25/2016 07/25/16 Rented $2,975 +376.0% --
07/25/2016 07/25/16 Under Contract -- -- --
06/08/2016 06/08/16 For Rent $625 -- --
Source: OneKey® MLS

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 $13,814 $379,800 $34,800 $345,000
2023 $15,563 $379,800 $34,800 $345,000
2022 $13,692 $345,000 $34,800 $310,200
2021 $13,692 $345,000 $34,800 $310,200
2020 $13,707 $345,000 $34,800 $310,200
2019 $10,749 $345,000 $34,800 $310,200
2018 $13,200 $345,000 $34,800 $310,200
2017 $12,845 $345,000 $34,800 $310,200
2016 $12,576 $345,000 $34,800 $310,200
2015 -- $345,000 $34,800 $310,200
2014 -- $373,400 $34,800 $338,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6139740

OneKey® MLS

APN: 3801-086.034-0007-032.000-0000