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85 City Terrace

85 City Terrace, Newburgh, NY 12550
Property in Newburgh
Sold Jun 04, 2018
$130,000
$97,500 by New Penn Financial Llc
Mortgage Due Jan 01, 2048
Local assessors in Newburgh, NY have categorized 85 City Terrace as a residential type of property. The home was built in 1890 and is 134 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 85 City Terrace has a total of 2,522 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of brick were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 85 City Terrace was last sold in Apr 19, 2018 for $130,000. According to our calculations, that's $51.55 per sqft. Current property owners are expected to pay $8,794 in taxes per year. The property on 85 City Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $229,000. To break that down further, the land itself was valued at $23,200. While improvements to the property were assessed at a total of $205,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Other
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,522
  • Gross Building Area: 2,522
  • Building Area: 2,522
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,522
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : ARIAS JOSEPH
  • Previous Owner : BRADY FRANCIS J

Neighborhood

  • School District Name: Newburgh City School District
  • School Tax School District: NEWBURGH
  • Census Tract: 000302

Zoning

  • Zoning: RM

Geography

  • Account Number: 067500
  • District: 331100
  • Section: 22.00
  • Parcel: 331100 22-2-22
  • Block: 2
  • Lot: 22.000
  • Municipality: NEWBURGH
  • Latitude: 41.5038
  • Longitude: -74.0164

    Address

  • Full Address: 85 City Ter
  • Address - House Number: 85
  • Address - Street Name: City
  • Address - Suffix Type: Ter
  • State: NY
  • City Name: Newburgh
  • Carrier Code: C003
  • 4-Digit Zip Code: 4460
  • Zip Code: 12550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,794
  • Tax Rate Code Area: 331100

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 60
  • Final Value: 177,164
  • High Value: 212,381
  • Low Value: 141,946

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,500
  • First Open Lien Mortgage Lender: NEW PENN FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Jun 04, 2018
  • First Open Lien Mortgage Loan Amount: $97,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2048

    Market Valuation

  • Market Total Value: $229,000
  • Market Land Value: $23,200
  • Market Improvement Value: $205,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,000
  • Assessed Land Value: $23,200
  • Assessed Improvements Value: $205,800

    Sales

  • Current Sale Contract Date: Apr 19, 2018
  • Current Sale Recording Date: Jun 04, 2018
  • Current Sale Transaction ID: 11483731883
  • Current Sale Price: $130,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20180039877

    Last Sale Mortgage

  • First Mortgage Lender: NEW PENN FINANCIAL LLC
  • First Mortgage Transaction Date: Jun 04, 2018
  • First Mortgage Loan Amount: $97,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2048

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Frequently Asked Questions

What neighborhood is 85 City Terrace located in?
The 85 City Terrace is a located in the neighborhood of Newburgh in Newburgh, Newburgh.
What is the average sales price for listings in 85 City Terrace?
The average sales price for units in 85 City Terrace is $0 currently.

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