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Schroon Lake 12870
1140 US Rt. 9
Photo of 1140 US Rt. 9
Sold on Jul 25, 2023

1

Map

$190,000
● House - Off Market

1140 US Rt. 9

Schroon Lake, NY 12870
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,736 Ft²
$181,503
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

5 bedroom cape style home in the Village of Schroon Lake.  Walk to everything in this lakeside community.  Living room with fireplace and dining area, older style kitchen, 1.5 baths, 2 porches.  full basement w/workshop.  2 car garage.  Town water & sewer.  Home needs new boiler.
Unit Size
2,736 Ft²
Days on Market
54 days
Land Size
0.70 acres
Price per sqft
$67
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 hours ago (Global MLS #202317786)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 17, 2023 In contract -
In contract
May 31, 2023 Listed by Gallo Realty ADK Inc $182,000
Listed by Gallo Realty ADK Inc

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Total Building Area: 1,996
  • Gross Building Area: 2,618
  • Building Area: 1,996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,996
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 2 ROAD PATENT LIFE USE S&R SCHOENSTADT BY DB 944 PG 189

Neighborhood

  • School District Name: Schroon Lake Central School District
  • School Tax School District: SCHROON LAKE
  • Census Tract: 961300

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 695J110708
  • District: 154600
  • Section: 147.54
  • Parcel: 154600 147.54-1-2.000
  • Block: 1
  • Lot: 2.000
  • Municipality: SCHROON
  • Latitude: 43.8404
  • Longitude: -73.7599

    Address

  • Full Address: 1140 Us Route 9
  • Address - House Number: 1140
  • Address - Street Name: Us Route 9
  • State: NY
  • City Name: Schroon Lake
  • Zip Code: 12870

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $365,807
  • Tax Rate Code Area: 154601

    Appraisal Valuation

  • Standard Deviation: 0.1385
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 83
  • Final Value: 175,013
  • High Value: 199,486
  • Low Value: 150,540

    Market Valuation

  • Market Total Value: $290,100
  • Market Land Value: $41,000
  • Market Improvement Value: $249,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,100
  • Assessed Land Value: $41,000
  • Assessed Improvements Value: $249,100

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2023-2573
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Schroon Lake

Stats & Trends

Median Asking:

$489,450

Sale Price/ft²

$359

Below Asking

0.05%

Average Days on Market

93

Average Home Size

1827 ft²

Average Home Age

22.1 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Global MLS

Listed by: Roger M Friedman
Gallo Realty ADK Inc
Last Updated: 12 hours ago
Data Source: Global MLS , MLS# 202317786
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1140 U.S. 9 built and last sold?
The property at 1140 U.S. 9 was built in 1940 and last sold on Jul 25, 2023 for $190,000.
How much is this home worth?
The estimated value of the home located at 1140 U.S. 9 is $183,820.
What are some comparable homes to 1140 U.S. 9?
There are currently no comparable homes to 1140 U.S. 9.
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