NOT LISTED FOR SALE

425 Dewitt St Unit 27 Syracuse, NY 13203

Sedgwick Neighborhood

Estimated Value: $160,000 - $254,000

5 Beds
2 Baths
1,820 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 18, 2021

Last sale price $115,000 $63 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,190/month

71 Days on Market

About This Home

As of March 2021

Occupied 2 family in Sedgewick area with updated units, newer furnaces. A must see income producer with a 10% cap rate.

Last Agent to Sell the Property

Darya Rotblat

Listing by Live in Cuse:Apts & Realty LLC License #10491209839 Listed on: 09/20/2020

Last Buyer's Agent

Samantha Dougherty

Listing by NextHome CNY Realty License #10311208735

NextHome CNY Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,990

Year Built

  • Built in 1920

Lot Details

  • 4,600 Sq Ft Lot
  • Lot Dimensions are 40x115

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Aluminum Siding
  • Steel Siding

Interior Spaces

  • 1,820 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes gardener, trash collection
  • Tax Lot 4
  • Assessor Parcel Number 311500-014-000-0003-004-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $4,352
  • Gross Income $19,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,990

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Trash Collection
  • Year Built: 1920
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: James St. to DeWitt St.
  • Architectural Style: Duplex
  • Flooring: Laminate, Varies
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1056
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Paved, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-014-000-0003-004-000-0000
  • Lot Dimensions: 40X115
  • Lot Size Sq Ft: 4600.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 19500.0
  • Annual Operating Expense: 4352.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2990.0
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2022
Sold by
Chan Thomas
Bought by
Igt Properties Llc
Current Estimated Value
$202,270

Purchase Details

Listed on
Sep 20, 2020
Closed on
Mar 18, 2021
Sold by
Bing Assets Llc
Bought by
Chan Thomas
Seller's Agent
Darya Rotblat
Live in Cuse:Apts & Realty LLC
Buyer's Agent
Samantha Dougherty
NextHome CNY Realty
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$86,250
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 1994
Sold by
Hopp Martin Virginia
Bought by
Dennis Leroy
Source: Public Records
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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
Igt Properties Llc -- None Available
Igt Properties Llc -- None Available
Chan Thomas $115,000 None Available
Chan Thomas $115,000 None Available
Dennis Leroy $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Thomas $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2021 03/18/21 Sold $115,000 0.0% $63 / Sq Ft
12/15/2020 12/15/20 Off Market $115,000 -- --
11/30/2020 11/30/20 Pending -- -- --
10/29/2020 10/29/20 Price Changed $119,900 -7.7% $66 / Sq Ft
09/20/2020 09/20/20 For Sale $129,900 +73.2% $71 / Sq Ft
07/01/2016 07/01/16 Sold $75,000 +7499900.0% $41 / Sq Ft View Prior Sale
02/02/2016 02/02/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $1 -- $0 / Sq Ft
Source: Central New York Information Services

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 $1,583 $84,000 $9,800 $74,200
2023 $1,609 $84,000 $9,800 $74,200
2022 $1,349 $84,000 $9,800 $74,200
2021 $1,349 $58,000 $9,800 $48,200
2020 $1,391 $58,000 $9,800 $48,200
2019 $2,934 $58,000 $9,800 $48,200
2018 $1,385 $58,000 $9,800 $48,200
2017 $1,327 $58,000 $9,800 $48,200
2016 $1,345 $58,000 $9,800 $48,200
2015 -- $58,000 $9,800 $48,200
2014 -- $58,000 $9,800 $48,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1295404

Central New York Information Services

APN: 311500-014-000-0003-004-000-0000