NOT LISTED FOR SALE

916 Ackerman Ave Unit 18 Syracuse, NY 13210

University Neighborhood

Estimated Value: $414,000 - $568,000

8 Beds
4 Baths
3,274 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $330,000 $101 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,794/month

396 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near bus stop
  • Partial Attic

About This Home

As of February 2020

RENTED FOR 2019-2020 - moneymaker from day one. University Two Family Rental. Superb location. Big units, plenty of parking, close to campus. Great income, and a great area of high rental demand. Very strong numbers- excellent investment!

Last Agent to Sell the Property

Dan Murphy

Listing by University Hill Realty Ltd License #10301206321 Listed on: 09/23/2018

Last Buyer's Agent

Scott Pflanz

Listing by Hunt Real Estate ERA License #10401313850

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,796

Year Built

  • Built in 1925

Lot Details

  • 5,316 Sq Ft Lot
  • Lot Dimensions are 132 x 40

Home Design

  • Block Foundation

Interior Spaces

  • 3,274 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House
  • Partial Attic
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Location

  • Property is near bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes lawn maintenance, no utilities, refuse removal
  • Tax Lot 5
  • Assessor Parcel Number 311500-052-000-0011-005-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $17,662
  • Gross Income $59,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,796

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Annual Operating Expenses: 17662
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 152000
  • Foundation Description: Block
  • Gross Annual Income: 59400
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 40
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 5
  • Nearest Cross Street: Euclid
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2704918.03
  • Ratio Close Price By Sq Ft: 100.79
  • Ratio List Price By Acres: 2990983.61
  • Ratio List Price By Sq Ft: 111.45
  • Regional Board Code: Syracuse
  • Rent Includes: Lawn Maintenance, No Utilities, Refuse Removal
  • School Tax: 3343
  • Sub Board Code: Syracuse
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5316
  • Ad Headline: UNIVERSITY 2 FAMILY
  • Age of Building: 97
  • Year Built: 1925
  • Directions To Property: Heading East on East Genesee Street, take a right onto Westcott Street. Right onto Euclid Av. Left onto Ackerman Av., house will be on your right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Attic Description: Partial
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Resilient-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, In All Apartments, Oven/Range Freestanding- Some, Refrigerator, Washer
  • Total Sq Ft: 3274

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1220

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-052-000-0011-005-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 7796

MLS Schools

  • School District Name: Syracuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2020
Sold by
Chen James
Bought by
Chen Realty Ny Llc
Current Estimated Value
$489,832

Purchase Details

Listed on
Sep 23, 2018
Closed on
Jan 15, 2020
Sold by
Tpm 20143 Llc
Bought by
Chen James
Seller's Agent
Dan Murphy
University Hill Realty Ltd
Buyer's Agent
Scott Pflanz
Hunt Real Estate ERA
List Price
$365,000
Sold Price
$330,000
Premium/Discount to List
-$35,000
-9.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$247,500
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2015
Sold by
Tupper Joseph
Bought by
Tpm-2014-3 Llc

Purchase Details

Closed on
May 25, 2012
Sold by
Nj Traino Inc
Bought by
Tupper Joseph

Purchase Details

Closed on
Jun 10, 1996

Purchase Details

Closed on
Nov 15, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chen Realty Ny Llc -- None Available
Chen Realty Ny Llc -- None Available
Chen James $330,000 None Available
Tpm-2014-3 Llc -- Peter Badera
Tupper Joseph $275,000 Peter J Badera
-- -- --
Inc N J Traino $90,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen James $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2020 02/03/20 Sold $330,000 -9.6% $101 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
08/19/2019 08/19/19 Price Changed $364,900 0.0% $111 / Sq Ft
08/05/2019 08/05/19 Price Changed $365,000 0.0% $111 / Sq Ft
08/05/2019 08/05/19 For Sale $365,000 -12.0% $111 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
09/23/2018 09/23/18 For Sale $415,000 -- $127 / Sq Ft
Source: Central New York Information Services

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 $2,950 $212,000 $12,600 $199,400
2023 $2,809 $192,000 $12,600 $179,400
2022 $2,838 $192,000 $12,600 $179,400
2021 $2,838 $192,000 $12,600 $179,400
2020 $3,033 $192,000 $12,600 $179,400
2019 $6,625 $192,000 $12,600 $179,400
2018 $2,551 $152,000 $12,600 $139,400
2017 $2,177 $152,000 $12,600 $139,400
2016 $2,514 $152,000 $12,600 $139,400
2015 -- $128,000 $12,600 $115,400
2014 -- $128,000 $12,600 $115,400
Source: Public Records

Agents Affiliated with this Home

  • Dan Murphy

    Seller's Agent in 2020

    Dan Murphy

    University Hill Realty Ltd

    (315) 460-0024

    8 in this area

    39 Total Sales

    Dan Murphy
    Section Image
  • Scott Pflanz

    Buyer's Agent in 2020

    Scott Pflanz

    Hunt Real Estate

    (610) 772-7024

    13 Total Sales

    Scott Pflanz
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1149930

Central New York Information Services

APN: 311500-052-000-0011-005-000-0000

New York Onondaga County Syracuse 13210 University

916 Ackerman Ave Unit 18, Syracuse, NY

Not Listed for Sale

MultiFamily

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