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Sullivan
1261 Plank Road
$129,000
● Land - Off Market

1261 Plank Road

Forestburgh, NY 12777
bedrooms
Studio
bathrooms
0 Bath
$149,094
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Looking for a level wooded home site to place your new build? Look no further! Private 5 acre parcel situated on a beautiful scenic wooded homesite with lake rights, cabin and dock. Just 14 parcels surround this lake in the subdivision known as Wildwood Way. Currently being used as a seasonal fishing cabin. Already septic approved and electric service in place. Forestburgh is a fantastic location which yields rural privacy but still close enough to Monticello for all of your, shopping and area amenities. 15 minutes to Resorts World Catskills Casino & and Route 17 for your city commute. Don't let this one get away , one of the few waterfront lots left that has not been developed. Fantastic privacy and level waterfront lots at this price point are very rare.
Unit Size
-
Days on Market
-
Land Size
5.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$78
HOA Dues
-
Year Built
-

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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: 6 months ago (OneKey MLS #KEYH6084754)

Price History

Date / Event Date Event Price
May 6, 2021 In contract -
In contract
Mar 29, 2021 Price Decreased $129,000
↓ $50K (27.9%)
Price Decreased
Jan 22, 2021 Price Increased $179,000
↑ $20K (12.6%)
Price Increased
Jan 19, 2021 Price Increased $159,000
↑ $30K (23.3%)
Price Increased
Nov 27, 2020 Listed by Charles Rutenberg Realty, Inc. $129,000
Listed by Charles Rutenberg Realty, Inc.
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 12

    Dimensions

  • Lot Size Square Feet: 218,671
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005020
  • Standard Land Use Code: 1114
  • County Land Use Code: 312
  • Legal Description 1: LOT L-2 SHED/DECK

Neighborhood

  • School District Name: Monticello Central School District
  • School Tax School District: MONTICELLO
  • Census Tract: 951702

Zoning

  • Zoning: 01 - NOT Z

Geography

  • District: 483000
  • Section: 29
  • Parcel: 483000 29.-1-2.7
  • Block: 1
  • Lot: 2.007
  • Municipality: FORESTBURGH
  • Latitude: 41.5726
  • Longitude: -74.7684

    Address

  • Full Address: 1261 Plank Rd
  • Address - House Number: 1261
  • Address - Street Name: Plank
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Forestburgh
  • Carrier Code: R081
  • 4-Digit Zip Code: 6039
  • Zip Code: 12777

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 484601

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 307,853
  • High Value: 358,545
  • Low Value: 257,160

    Market Valuation

  • Market Total Value: $201,400
  • Market Land Value: $162,337
  • Market Improvement Value: $39,063

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,000
  • Assessed Land Value: $120,100
  • Assessed Improvements Value: $28,900

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021-7240
  • Previous Sale Recording Date: Jul 21, 2020
  • Previous Sale Contract Date: Jul 21, 2020
  • Previous Sale Amount: $5,000
  • Previous Sale Document Type: 27
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 Sullivan

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$237

Below Asking

0.03%

Average Days on Market

103

Average Home Size

1960 ft²

Average Home Age

60.8 years

Currently For Sale

609 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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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1261 Plank Road built and last sold?
The property at 1261 Plank Road was built in and last sold on Jul 7, 2021 for $129,000.
How much is this home worth?
The estimated value of the home located at 1261 Plank Road is $130,290.
What are some comparable homes to 1261 Plank Road?
There are currently no comparable homes to 1261 Plank Road.
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