L11.118 Sam Lape Road
About This Property
Discover the perfect blend of natural beauty and convenience with this 3.96-acre building lot, situated at the serene end of a town-maintained road in Summit, Schoharie County. This parcel offers a unique opportunity to build your dream home on a gentle knoll, featuring excellent views, a mix of open land, historic stone walls, older apple trees, and a touch of woodland.
Nestled near the enchanting Lutheranville and Clapper Hollow State Forests, this property promises a peaceful retreat with ample space for a sprawling garden, orchard, or your very own custom-designed sanctuary. The lot's location combines the best of both worlds: the tranquility of rural living with easy access to I-88, making it less than an hour's drive to Windham, Cooperstown, and Albany.
Embrace the chance to live surrounded by the picturesque landscapes of Schoharie County, where every season brings its own charm. Whether you're looking to build a family home, a weekend getaway, or a private haven, L11.118 Sam Lape Rd offers the ideal setting to bring your vision to life.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2024 | Price Decreased |
$33,900
↓ $1K
(2.9%) | |
| Price Decreased | |||
| Aug 1, 2024 | Price Increased |
$34,900
↑ $1K
(3%) | |
| Price Increased | |||
| Jul 3, 2024 | Relisted | $33,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017