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120 Bates Gates Road
Photo of 120 Bates Gates Road
Sold on Apr 24, 2025

10

Map

Photo of 120 Bates Gates Road
Photo of 120 Bates Gates Road
$165,000
● Land - Off Market

120 Bates Gates Road

Wawayanda, NY 10958
bedrooms
Studio
bathrooms
0 Bath
$1,717
Est. Monthly
6.65%
Cap Rate

About This Property

Back on market! Deal fell through. This 5-acre property presents a unique investment opportunity nestled in the heart of the town's MC-1 zoning district. The land is level and equipped with two wells and septic and is SUITABLE FOR COMMERCIAL AND RESIDENTIAL PURPOSES. The property's potential is further enhanced by its location within the reputable Minisink School District and its proximity to I-84, ensuring easy access and convenience.

While an existing house on the property requires renovation, the true value lies in the versatility of the land itself. The owner suggests potential for industrial or commercial use. This property is a blank canvas, ready for the right visionary to realize its full potential. The owner has his personal belongings on the property, it will be cleaned up soon.   Please note, the property is being sold as is. The survey, Tax map, etc. is by the photos.
Unit Size
-
Days on Market
307 days
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$489
HOA Dues
-
Year Built
1900

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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: 2 years ago (OneKey MLS #KEYH6314210)

Price History

Date / Event Date Event Price
Apr 24, 2025 Sold
Premium
Sold
Mar 14, 2025 Price Increased $250,000
↑ $85K (51.5%)
Price Increased
Mar 13, 2025 Price Decreased $165,000
↓ $85K (34%)
Price Decreased
Dec 13, 2024 In contract -
In contract
Nov 23, 2024 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Minisink Valley Central School District
  • School Tax School District: MINISINK VALLEY
  • Census Tract: 011801

Zoning

  • Zoning: MC 1

Geography

  • Account Number: 6-1-69.2
  • District: 335600
  • Section: 6.00
  • Parcel: 335600 6-1-69.2
  • Block: 1
  • Lot: 69.200
  • Municipality: WAWAYANDA
  • Latitude: 41.4094
  • Longitude: -74.4296

    Address

  • Full Address: 120 Bates Gates Rd
  • Address - House Number: 120
  • Address - Street Name: Bates Gates
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: New Hampton
  • Carrier Code: R002
  • 4-Digit Zip Code: 3315
  • Zip Code: 10958

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $579,833
  • Tax Rate Code Area: 333801

    Appraisal Valuation

  • Standard Deviation: 0.1198
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 87
  • Final Value: 412,731
  • High Value: 462,185
  • Low Value: 363,277

    Market Valuation

  • Market Total Value: $273,700
  • Market Land Value: $107,610
  • Market Improvement Value: $166,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,900
  • Assessed Land Value: $49,500
  • Assessed Improvements Value: $76,400

    Sales

  • Current Sale Contract Date: Apr 02, 2020
  • Current Sale Recording Date: Apr 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20200022286
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 Orange

Stats & Trends

Median Asking:

$488,944

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2141 ft²

Average Home Age

61.1 years

Currently For Sale

1243 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

Unit for rent at 32 Palmer Avenue, Middletown, NY, 10940

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
32 Palmer Avenue #5, Middletown, NY, 10940 Listing by Angela Kadian
Unit for rent at 11 Brittany Drive, Middletown, NY, 10940

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 879 ft²
11 Brittany Drive, Middletown, NY, 10940 Listing by Amanda Ferrantello

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 120 Bates Gates Road built and last sold?
The property at 120 Bates Gates Road was built in 1900 and last sold on Apr 2, 2020 for $110,500.
How much is this home worth?
The estimated value of the home located at 120 Bates Gates Road is $0.
What are some comparable homes to 120 Bates Gates Road?
There are currently no comparable homes to 120 Bates Gates Road.
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