NOT LISTED FOR SALE

81 Elmendorf St Kingston, NY 12401

Estimated Value: $354,000 - $399,923

4 Beds
2 Baths
1,548 Sq Ft
$243/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $250,000 $161 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,629/month

76 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Central Heating
  • Finished Attic
  • No HOA
  • Hot Water Heating System

About This Home

As of March 2021

Great investment property with VERY low taxes and a 8.8% Cap Rate! Charming and well maintained 2 family home on a corner lot in the heart of Kingston just a few blocks to the Historic Stockade District in Uptown Kingston. Also very walkable proximity to Broadway and the Midtown Arts District with many shops, restaurants, music venues, bars and don't forget Ulster Performing Arts Center! There are 2 Units: 2-bedroom, 1-bath and full kitchen upstairs and 1-bedroom, 1-bath and full kitchen downstairs. Plus there is an enormous finished walk-up attic and a full basement that is unfinished but has incredible potential. The huge driveway can accommodate 2 or more cars. Tenants are on month to month lease and would like to continue. 1 unit is below market rent. Don't wait to contact listing agent, motivated sellers have priced to sell quickly. Pro Forma available upon request. Showings by appointment only. Please call listing agent for all showings. Tenants would like all showing requests to be for Saturdays 12:00-3:00

Last Agent to Sell the Property

Forest Barber

Past Member License #10401329326 Listed on: 10/24/2020

Last Buyer's Agent

Anne Bloom

Past Member License #10401259889

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,598 Sq Ft Lot
  • Lot Dimensions are 40 x 90
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2 Bathrooms
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Attic

  • Permanent Attic Stairs
  • Finished Attic

Parking

  • Driveway
  • Paved Parking
  • Parking Lot

Location

  • City Lot

Schools

  • Chambers K-4 Elementary School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Legal Lot and Block 14 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $361
  • New Taxes Expense $2,366
  • Net Operating Income $22,076

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

3,598 Sq Ft Lot

Listing Details

  • Year Built: 1920
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.08
  • Road Surface Type: Asphalt, Gravel
  • Co List Office Phone: 845-481-2700
  • MLS Status: Closed
  • Master Plan Zoning: R2
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.0826
  • General Property Information Lot Size Dimensions: 40 x 90
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 2366.0
  • Income And Expenses Cap Rate: 9.0
  • Gross Scheduled Income: 27600.0
  • Fencing:Partial2: Yes
  • General Property Information Stories2: 2
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Fencing Fenced: Yes
  • Road Surface Type Gravel2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Basement: Concrete, Full, Unfinished
  • Flooring: Hardwood, Varies
  • Stories: 2
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Attic Features:Permanent Stairs: Yes
  • Attic Features:Finished2: Yes
  • Basement:Concrete: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Aluminum Siding, Frame
  • Construction Materials:Frame: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Other, Paved, Parking Lot, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Heating: Central, Hot Water, Natural Gas, Steam
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes
  • Heating:Hot Water2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: City Lot, Corner Lot
  • Lot Dimensions: 40 x 90
  • Lot Size Sq Ft: 3598.06
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes
  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 361.0
  • Net Operating Income: 22076.0

Tax Info

  • New Taxes Expense: 2366.0
  • Tax Block: 2
  • Tax Lot: 14

MLS Schools

  • Elementary School: Chambers K-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2020
Closed on
Mar 19, 2021
Sold by
Rdr Enterprises Llc
Bought by
Kelly Michelle
Seller's Agent
Forest Barber
Past Member
Buyer's Agent
Anne Bloom
Past Member
List Price
$249,000
Sold Price
$250,000
Premium/Discount to List
$1,000
0.4%
Current Estimated Value
$375,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,981
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Jul 1, 2016
Sold by
Price Erica and Nezich Deborah
Bought by
Rdr Enterprises Llc

Purchase Details

Closed on
Nov 18, 2011
Sold by
Fannie Mae
Bought by
Price Erica and Nezieh Deborah

Purchase Details

Closed on
Jun 21, 2011
Sold by
Williams Willard and Williams Bertha
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 8, 2005
Sold by
Wedderburn Seketha L and Williams Seketha L
Bought by
Williams Willard and Williams Bertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,450
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 1995
Sold by
Degamo Eligio and Degamo Dorothy
Bought by
Williams Seketha L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kelly Michelle $250,000 None Available
Rdr Enterprises Llc $92,500 --
Price Erica $54,500 Universal
Federal National Mortgage Association $123,029 Web Title
Williams Willard $165,000 None Available
Williams Seketha L $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Willard $120,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/19/2021 03/19/21 Sold $250,000 +0.4% $161 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
10/23/2020 10/23/20 For Sale $249,000 +187.9% $161 / Sq Ft
10/06/2016 10/06/16 Sold $86,500 -27.9% $56 / Sq Ft View Prior Sale
09/15/2016 09/15/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $120,000 -- $78 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

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 $7,441 $133,000 $15,000 $118,000
2023 $7,047 $133,000 $15,000 $118,000
2022 $6,841 $133,000 $15,000 $118,000
2021 $6,841 $133,000 $15,000 $118,000
2020 $2,367 $67,500 $15,000 $52,500
2019 $1,397 $67,500 $15,000 $52,500
2018 $2,208 $61,000 $14,000 $47,000
2017 $2,245 $61,000 $14,000 $47,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20204616

Hudson Valley Catskills Region Multiple List Service

APN: 0800-048.333-0002-014.000-0000

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