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Cortland 13045
1458 State Route 392 Route
$350,000
● House - Off Market

1458 State Route 392 Route

CORTLAND, NY 13045
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
$415,960
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Unique 4-BR house; each BR has its own bath! 1st floor: Kitchen, master BR w/ full bath, DR, LR, office, sunroom & ½ bath. 2nd floor: 2 BRs each with own ¾ bath plus a sitting room. Basement: BR, kitchenette, ¾ bath, & washer & drier hookups. 2-car, attached garage. 40'x60' hoop building. 24'x30' run-in shed. Partially wooded 33.50-acre lot. Heat: Basement & 1st floor–propane / 2nd floor–electric.
Unit Size
-
Days on Market
-
Land Size
33.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
2008

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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: 4 years ago (GBMLS #309727)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 2, 2021 Sold
Premium
Sold
Jul 3, 2021 In contract -
In contract
Apr 3, 2021 Listed by SVR REALTY LLC $359,900
Listed by SVR REALTY LLC
Dec 5, 2020 No longer available -
No longer available
Show More

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,459,696
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000033510
  • Standard Land Use Code: 1008
  • County Land Use Code: 240

Neighborhood

  • School District Name: Cortland City School District
  • School Tax School District: CORTLAND
  • Census Tract: 971200

Zoning

  • Zoning: 04 - FARM

Geography

  • District: 114600
  • Section: 126.00
  • Parcel: 114600 126.00-07-09.000
  • Block: 7
  • Lot: 9.000
  • Municipality: VIRGIL
  • Latitude: 42.5068
  • Longitude: -76.1804

    Address

  • Full Address: 1458 State Route 392
  • Address - House Number: 1458
  • Address - Street Name: State Route 392
  • State: NY
  • City Name: Cortland
  • Carrier Code: R002
  • 4-Digit Zip Code: 9578
  • Zip Code: 13045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510,787
  • Tax Rate Code Area: 110200

    Appraisal Valuation

  • Standard Deviation: 0.2511
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 345,794
  • High Value: 432,652
  • Low Value: 258,937

    Market Valuation

  • Market Total Value: $367,647
  • Market Land Value: $65,588
  • Market Improvement Value: $302,059

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,000
  • Assessed Land Value: $44,600
  • Assessed Improvements Value: $205,400

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-04089
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 Cortland

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$134

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2257 ft²

Average Home Age

91.8 years

Currently For Sale

92 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 1208 Church Street, Cortland, NY, 13045

$1,350 /mo

  • 1 Bed
  • 1 Bath
  • 26,158 ft²
1208 Church Street #101, Cortland, NY, 13045 Listing by Philip Henry

Rentals Near You

Click here to view more rentals in the neighborhood.
GBMLS

Listed by: Stephen Terwilliger
SVR REALTY LLC
Last Updated: 4 years ago
Data Source: GBMLS , MLS# 309727

Frequently Asked Questions

When was property at 1458 State Route 392 built and last sold?
The property at 1458 State Route 392 was built in 2008 and last sold on Jul 30, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 1458 State Route 392 is $363,499.
What are some comparable homes to 1458 State Route 392?
There are currently no comparable homes to 1458 State Route 392.
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