NOT LISTED FOR SALE

85 Hoffman St Unit 2 Kingston, NY 12401

Estimated Value: $349,000 - $489,000

2 Beds
2 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $280,000

Est. 46% increase in value since last sale

Current estimated payment $3,087/month

47 Days on Market

Highlights

  • No HOA
  • Kingston High School Rated A-
  • 2 Car Garage

About This Home

As of October 2021

Come and Move in one and rent the other, or rent both and have an income on this well taken care of multifamily in the heart of kingston. This home has all the character you love in these historic style homes with some of the updated features you like to know. Forced air heat on oil but a gas meter to make an easy switch. Seperate utilities and a tree lined quiet street.

Last Agent to Sell the Property

Omar Harper

Past Member License #10311209098 Listed on: 07/24/2021

Last Buyer's Agent

Nicola Friedman

Windsor Realty Services, Inc. License #10311207147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,091

Year Built

  • Built in 1806

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Listing and Financial Details

  • The owner pays for water
  • Legal Lot and Block 56-34 / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Electric Expense $60
  • Insurance Expense $2,245
  • Manager Expense $1
  • Professional Management Expense $7
  • New Taxes Expense $8,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,091

Year Built

Built in 1806

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1806
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.11
  • Professional Management Expense: 7.0
  • Co List Office Phone: 845-338-5299
  • MLS Status: Closed
  • Master Plan Zoning: R-1
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 0.1148
  • General Property Information Lot Size Dimensions: 0.11 acres
  • Income And Expenses New Taxes Expense: 8653.0
  • Gross Scheduled Income: 26400.0
  • Manager Expense: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 2.0

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Junior High Dist: Kingston Consolidated

Lot Info

  • Lot Dimensions: 0.11 acres
  • Lot Size Sq Ft: 5000.69
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 60.0
  • Insurance Expense: 2245.0
  • Resident Manager Expense: 1.0

Tax Info

  • New Taxes Expense: 8653.0
  • Tax Block: 1
  • Tax Lot: 56-34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Oct 25, 2021
Sold by
Smith Brian L
Bought by
Rinaldi Michael
Seller's Agent
Omar Harper
Past Member
Buyer's Agent
Nicola Friedman
Windsor Realty Services, Inc.
List Price
$289,000
Sold Price
$280,000
Premium/Discount to List
-$9,000
-3.11%
Current Estimated Value
$410,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,188
Avg. Annual Appreciation
12.37%
Original Mortgage
$210,000
Outstanding Balance
$193,976
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$242,181

Purchase Details

Closed on
Jul 31, 2006
Sold by
Harrison Linda R
Bought by
Smith Brian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,265
Interest Rate
6.8%
Mortgage Type
FHA
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
Rinaldi Michael $280,000 Wfg National Title Insurance
Smith Brian L $220,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rinaldi Michael $210,000
Previous Owner Smith Brian L $207,410
Previous Owner Smith Brian L $225,265
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $280,000 -3.1% --
07/23/2021 07/23/21 For Sale $289,000 -- --
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 $10,091 $189,000 $20,000 $169,000
2023 $10,014 $189,000 $20,000 $169,000
2022 $9,722 $189,000 $20,000 $169,000
2021 $9,722 $189,000 $20,000 $169,000
2020 $6,628 $189,000 $20,000 $169,000
2019 $3,913 $189,000 $20,000 $169,000
2018 $6,588 $182,000 $19,000 $163,000
2017 $6,696 $182,000 $19,000 $163,000
2016 $6,671 $182,000 $19,000 $163,000
2015 -- $182,000 $19,000 $163,000
2014 -- $182,000 $19,000 $163,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20212780

Hudson Valley Catskills Region Multiple List Service

APN: 0800-056.034-0001-007.000-0000