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Hamilton
116 Saunders Road
$175,000
● House - Off Market

116 Saunders Road

Indian Lake, NY 12842
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$196,435
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Nestled on a idyllic tree-lined road. This seasonal two-story Cabin features a large open living/dining space with a picturesque window, stone wood-burning fireplace, two wood-stoves, hardwood floors, 2 bedrooms, 2 bath. Custom features, and comes furnished.  144 sq. ft. front porch over looking the mountains, 12x21 garage, 6x4 outdoor bbq, and fire pit. 3 mins to ''OK Slip Falls trailhead'' one of the highest waterfalls in the Adirondacks. 9 mins to Gore Mountain, and minutes to many Hudson River public access points. A must-see property for those who love the Adirondacks.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
1918

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (Global MLS #202216593)

Price History

Date / Event Date Event Price
Feb 15, 2023 Sold
Premium
Sold
Apr 29, 2022 Listed by Hunt ERA $188,000
Listed by Hunt ERA

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1945
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1012
  • County Land Use Code: 260

Neighborhood

  • School Tax School District: INDIAN LAKE
  • Census Tract: 950300

Zoning

  • Zoning: RR

Geography

  • District: 202600
  • Section: 67.00
  • Parcel: 202600 67.000-1-21
  • Block: 1
  • Lot: 21.000
  • Municipality: INDIAN LAKE
  • Latitude: 43.763
  • Longitude: -74.082

    Address

  • Full Address: 116 Saunders Rd
  • Address - House Number: 116
  • Address - Street Name: Saunders
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Indian Lake
  • Zip Code: 12842

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $42,437
  • Tax Rate Code Area: 202601

    Appraisal Valuation

  • Standard Deviation: 0.1114
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 72,032
  • High Value: 80,059
  • Low Value: 64,004

    Market Valuation

  • Market Total Value: $59,500
  • Market Land Value: $38,021
  • Market Improvement Value: $21,479

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,600
  • Assessed Land Value: $28,500
  • Assessed Improvements Value: $16,100

    Sales

  • Current Sale Contract Date: Feb 10, 2023
  • Current Sale Recording Date: Feb 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-263
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 Hamilton

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$309

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2616 ft²

Average Home Age

51.2 years

Currently For Sale

32 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: Christine McKee
Hunt ERA
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202216593
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 116 Saunders Road built and last sold?
The property at 116 Saunders Road was built in 1918 and last sold on Feb 10, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 116 Saunders Road is $0.
What are some comparable homes to 116 Saunders Road?
There are currently no comparable homes to 116 Saunders Road.
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