15 Ravine Street, Kingston, NY 12401 (MLS# 20202604)

Accessory Dwelling Unit YN: Yes

Listing Agreement: Exclusive Right To Sell

Owner Name: Marchetti

Current Price: $1,465,000

Original List Price: 1500000

Sold Price: $1,465,000

Status: Closed

Listing Contract Date: 2020-07-15

Property Sub Type: Single Family Residence

Township: City of Kingston

School District: Kingston Consolidated

General Tax: 6124

School Tax: 8745

Tax Annual Amount: 14869

Tax Assessed Value: 454000

Tax Legal Description: 7.100,4,15 Ravine

Tax Lot: 7.100

Tax Block: 4

Zoning Description: RT

Directions: From Broadway and Abeel Street in the Rondout, proceed .4 mile on Abeel to Ravine Street. Complex is at corner, on right. Parking is between the 2 buildings on Abeel.

Rooms Total: 6

Bathrooms Half: 0

Lot Size Acres: 0.27

Lot Size Dimensions: .27

Garage YN: No

Water Body Name: RONDOUT CREEK

Sign On Property YN: Yes

List Price/SqFt: 572.52

Sold Price/SqFt: 559.16

Bedrooms Total: 3

Bathrooms Total: 2

Bathrooms Full: 2

Living Area: 2620

Year Built: 1880

Public Remarks: The ultimate “live-work” opportunity: Get a jump-start on your new life in the Hudson Valley with this turn-key complex of 3 unique, renovated buildings already producing big income in the Kingston Rondout, one of the region’s hottest neighborhoods. Right across the street from sailboats docked on the waterfront, and walk-able to restaurants, shops and boat launches, the quarter-acre corner site features a trio of stand-alone brick buildings: a former stable and warehouse for the Hunt Brothers circus, now transformed into a stunning multi-level home with loft-scale openness and a brand new kitchen; a sunny 3-unit apartment building featuring over-sized 2-bedroom layouts plus renovated bathrooms and kitchens; and, finally, a cozy smaller house that, inside, looks and feels more like a luxury hotel suite. The buildings share flexible "RT" zoning, ample off-street parking, a lushly landscaped common yard, and an in-ground saline swimming pool graciously enclosed in a walled courtyard where circus horses once slept. It’s a masterful blend of old and new, all the better appreciated from the glass-enclosed home office now perched atop the main house. The apartment building (“DeMew Townhouse”) and the smaller house (“DeMew House”) boast an impressive track record of bookings and revenue from short-term and extended-stay guests, with clear potential for even more. Whether your choice is to live in the main house and rent out the rest to long-term tenants, or roll up your sleeves and expand on a proven formula to draw even more of the visitors now flocking to the Hudson Valley, there’s nothing ordinary about this property, in terms of style, setting or new possibilities.

Status Change Timestamp: 2020-12-15

Buyer Financing: Conventional

Major Change Timestamp: 2020-12-16T00:52:33Z

Major Change Type: Status Change

Purchase Contract Date: 2020-08-29

Close Date: 2020-12-15

Close Price: 1465000

ADU Building Type: 1

Dishwasher: 1

Dryer: 1

Exhaust Fan: 1

Gas Water Heater: 1

Microwave: 1

Range: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Water Heater: 1

Other: 1

Finished: 1

Full: 1

Walk-Out Access: 1

Liber/Book: 1619

Page: 300

Section: 56.50

Brick: 1

Frame: 1

Ductless: 1

Window Unit(s): 1

200+ Amp Service: 1

Balcony: 1

Fenced: 1

Partial: 1

Carpet: 1

Ceramic Tile: 1

Hardwood: 1

Natural Gas: 1

Radiant: 1

Beamed Ceilings: 1

Cathedral Ceiling(s): 1

High Ceilings: 1

City Lot: 1

Corner Lot: 1

Level: 1

Other: 1

See Remarks: 1

Driveway: 1

Off Street: 1

Deck: 1

Patio: 1

Mixed: 1

In Ground: 1

Membrane: 1

Public Sewer: 1

Occupied: 1

Water: 1

Public: 1

Other: 1

Insulated Windows: 1

24 Hour Notice: 1

Appointment Only: 1

Call Listing Agent: 1

Showing Instructions: Call L/A

SqFt 1st (Legacy): 1300

SqFt 2nd (Legacy): 660

SqFt 3rd (Legacy): 660

UC Public Historical Remarks: FIPS Code: NY111, Kitchen Description: Galley, Kitchen Description: Galley, Age: 100-200, Waterfront Features: Water Access,Walk To Dock, Bedroom 1 -Room Size: 18'10 X9'10, Bedroom 2 -Room Size: 20 X 14'2, Living Room -Room Size: 20'10 X31'2

Street Number: 15

Street Name: Ravine

Street Suffix: Street

County: Ulster

State: NY

Zip Code: 12401

Town (Taxable): Kingston,City