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Herkimer 13416
131 Old State Road
$210,000
● House - Off Market

131 Old State Road

Newport, NY 13416
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,764 Ft²
$220,698
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Perfect starter home in a country setting in the town of Newport. Recently renovated throughout with a new kitchen, bathroom, carpets and most windows replaced. Large laundry room on the 2nd floor. There is a pool, generator, new septic and leach field. The large 3 stall garage has an office / playroom above it and a workshop on the side. House being sold as is. One owner is a New York State licensed real estate agent. Septic and leach field plans available for review. Furnace has been cleaned and serviced. Chimneys have been cleaned. House has been winterized. A beautiful property, come and take a look!
Unit Size
1,764 Ft²
Days on Market
162 days
Land Size
1.80 acres
Price per sqft
$124
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1930

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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: 6 months ago (NYSAMLS #S1447990)

Price History

Date / Event Date Event Price
May 22, 2023 Sold
Premium
Sold
Mar 9, 2023 In contract -
In contract
Dec 7, 2022 Listed by TIMM ASSOCIATES SOTHEBY'S $219,000
Listed by TIMM ASSOCIATES SOTHEBY'S
Dec 5, 2022 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1950
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • 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: 4
  • Garage Square Area: 1,158
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 78,408
  • Total Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001800
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: W 3 CO RD 200

Neighborhood

  • School District Name: West Canada Valley Central School District
  • School Tax School District: WEST CANADA VAL
  • Census Tract: 011400

Zoning

  • Zoning: R1

Geography

  • Account Number: 110008670
  • District: 213889
  • Section: 94.01
  • Parcel: 213889 094.1-2-14
  • Block: 2
  • Lot: 14.000
  • Municipality: NEWPORT (TOV)
  • Latitude: 43.1875
  • Longitude: -75.0244

    Address

  • Full Address: 131 Old State Rd
  • Address - House Number: 131
  • Address - Street Name: Old State
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Newport
  • Carrier Code: R777
  • 4-Digit Zip Code: 7717
  • Zip Code: 13416

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 212402

    Appraisal Valuation

  • Standard Deviation: 0.136
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 223,611
  • High Value: 254,040
  • Low Value: 193,181

    Market Valuation

  • Market Total Value: $195,224
  • Market Land Value: $28,060
  • Market Improvement Value: $167,164

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,800
  • Assessed Land Value: $18,800
  • Assessed Improvements Value: $112,000

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: RP2023-2244
  • Previous Sale Recording Date: Dec 05, 2022
  • Previous Sale Contract Date: Oct 25, 2022
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Herkimer

Stats & Trends

Median Asking:

$180,000

Sale Price/ft²

$117

Below Asking

0.04%

Average Days on Market

90

Average Home Size

1976 ft²

Average Home Age

88.8 years

Currently For Sale

197 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: 6 months ago
Data Source: NYSAMLSs, MLS# S1447990

Frequently Asked Questions

When was property at 131 Old State Road built and last sold?
The property at 131 Old State Road was built in 1930 and last sold on May 18, 2023 for $210,000.
How much is this home worth?
The estimated value of the home located at 131 Old State Road is $220,256.
What are some comparable homes to 131 Old State Road?
There are currently no comparable homes to 131 Old State Road.
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