12523 State Route 38

12523 State Route 38 in Berkshire, NY was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 1960. This has been categorized as a commercial property type. There are a total of 2 floors. The linear feet across the front of the lot is 493 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 6,649 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12523 State Route 38 sold most recently in Apr 6, 2006 for a total of $47,900. If you work out the math, that's approximately a cost of $9.79 per sqft. Before that, the property was also sold for $21,000 in Aug 20, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,589 in taxes each year. 12523 State Route 38 was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $68,000. If we break it down further, the land itself was valued at $8,200. Improvements to the property, however, were assessed at a total of $59,800. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.