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Chemung 14830
12 Old River Road
$138,000
● House - Off Market

12 Old River Road

Big Flats, NY 14830
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,318 Ft²
$212,100
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Move in Ready Ranch waiting for a new owner! Very desirable home with many recent updates awaits you including newer windows, flooring, boiler,siding and a (4) year old roof. Generously sized bedrooms, large living room/dining area 1st floor laundry and half bath and a family room with a roof window and a wood burning stove / fireplace for those chilly nights. Outside there is a mature landscape, beautiful shade trees, and a black top drive leading to the 2-3 car garage with plenty of room for a workshop. This home has been meticulously maintained and won't last long at this incredible price!
Unit Size
1,318 Ft²
Days on Market
59 days
Land Size
0.46 acres
Price per sqft
$110
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1969

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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: 4 months ago (NYSAMLS #R1224410)

Price History

Date / Event Date Event Price
Nov 13, 2019 Sold
Premium
Sold
Sep 10, 2019 Listed by Keller Williams Realty Gateway $144,900
Listed by Keller Williams Realty Gateway

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1985
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,083
  • Lot Size Depth Feet: 2,363
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,318
  • Building Area: 1,318
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,318
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Corning City School District
  • School Tax School District: CORNING
  • Census Tract: 010302

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 00708003
  • District: 072400
  • Section: 76.00
  • Parcel: 072400 76.00-2-44
  • Block: 2
  • Lot: 44.000
  • Municipality: BIG FLATS
  • Latitude: 42.1221
  • Longitude: -76.9545

    Address

  • Full Address: 12 Old River Rd
  • Address - House Number: 12
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Corning
  • Carrier Code: R001
  • 4-Digit Zip Code: 9244
  • Zip Code: 14830

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $509,520
  • Tax Rate Code Area: 460300

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 197,065
  • High Value: 241,533
  • Low Value: 152,596

    Market Valuation

  • Market Total Value: $159,894
  • Market Land Value: $17,021
  • Market Improvement Value: $142,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,300
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $134,300

    Sales

  • Current Sale Recording Date: Nov 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 13, 2019
  • Previous Sale Contract Date: Nov 07, 2019
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: 71
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 Chemung

Stats & Trends

Median Asking:

$159,900

Sale Price/ft²

$107

Below Asking

0.03%

Average Days on Market

78

Average Home Size

2019 ft²

Average Home Age

95.4 years

Currently For Sale

331 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

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NYSAMLS

Last Updated: 4 months ago
Data Source: NYSAMLSs, MLS# R1224410

Frequently Asked Questions

When was property at 12 Old River Road built and last sold?
The property at 12 Old River Road was built in 1969 and last sold on Jan 1, 1970 for $138,000.
How much is this home worth?
The estimated value of the home located at 12 Old River Road is $145,239.
What are some comparable homes to 12 Old River Road?
There are currently no comparable homes to 12 Old River Road.
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