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Cayuga 13045
1413 Lake Como Road
$35,000
● Mobile Manufactured - Off Market

1413 Lake Como Road

Summerhill, NY 13118
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,261 Ft²
$92,579
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Year 1971, 840 sq. ft. singlewide manufactured home with a 12 ft. by 23 ft. (276 sq. ft.) addition and a 10 ft. by 10 ft. (100 sq. ft.) addition for a total of 1,261 sq. ft of living space.  Peaked roof has been added.  A lawn surrounds the house but most of the property is wooded  The property is currently inhabited by long term tenants who pay $600 per month rent plus their own utilities.  Appliances and wood burning stove are tenant owned, but the tenants may be willing to sell them as a private sale.  Or, let the tenants stay and collect their rent.  DSL computer connection is available.
Unit Size
1,261 Ft²
Days on Market
113 days
Land Size
2.90 acres
Price per sqft
$40
Property Type
Mobile Manufactured
Property Taxes
$185
HOA Dues
-
Year Built
1971

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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: 5 months ago (NYSAMLS #S306747)

Price History

Date / Event Date Event Price
Jul 20, 2022 Sold
Premium
Sold
Jul 10, 2014 Sold
Premium
Sold
Mar 17, 2014 Listed by Seven Valley Realty, Inc. $49,900
Listed by Seven Valley Realty, Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • 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: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 126,324
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SURVEY FOR SHARON A KLUGE
  • Land Acres: 0000002900
  • Standard Land Use Code: 1006
  • County Land Use Code: 270
  • Mobile Home Indicator: T
  • Legal Description 1: SM 88-212

Neighborhood

  • School District Name: Homer Central School District
  • Census Tract: 040900

Zoning

  • Zoning: 100

Geography

  • Account Number: 20010010
  • District: 055800
  • Section: 223.00
  • Parcel: 055800 223.00-1-30
  • Block: 1
  • Lot: 30.000
  • Municipality: SUMMERHILL
  • Latitude: 42.6861
  • Longitude: -76.3142

    Address

  • Full Address: 1413 Lake Como Rd
  • Address - House Number: 1413
  • Address - Street Name: Lake Como
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Moravia
  • Carrier Code: R003
  • 4-Digit Zip Code: 2351
  • Zip Code: 13118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $154,993
  • Tax Rate Code Area: 113001

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 58
  • Final Value: 143,209
  • High Value: 184,809
  • Low Value: 101,609

    Market Valuation

  • Market Total Value: $78,900
  • Market Land Value: $30,700
  • Market Improvement Value: $48,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,900
  • Assessed Land Value: $30,700
  • Assessed Improvements Value: $48,200

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 215447
  • Previous Sale Recording Date: Jul 10, 2014
  • Previous Sale Contract Date: Jul 08, 2014
  • Previous Sale Amount: $35,000
  • 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 Cayuga

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$144

Below Asking

0.03%

Average Days on Market

88

Average Home Size

1949 ft²

Average Home Age

108.6 years

Currently For Sale

201 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: 5 months ago
Data Source: NYSAMLSs, MLS# S306747

Frequently Asked Questions

When was property at 1413 Lake Como Road built and last sold?
The property at 1413 Lake Como Road was built in 1971 and last sold on Jun 27, 2022 for $30,200.
How much is this home worth?
The estimated value of the home located at 1413 Lake Como Road is $56,089.
What are some comparable homes to 1413 Lake Como Road?
There are currently no comparable homes to 1413 Lake Como Road.
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