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Schoharie 12149
175 Sam Lape Road
$325,000
● House - Off Market

175 Sam Lape Road

Summit, NY 12175
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,055 Ft²
$1,853
Est. Monthly

About This Property

Welcome to 175 Sam Lape Rd, a serene farmhouse nestled on 2.3 acres with easy access to state forests and snowmobile trails. This private retreat offers 5 bedrooms, 3 baths, and breathtaking views. Highlights include a cozy stone fireplace, well-maintained interiors, a large garage with a workshop, and a two-story barn. Perfectly located just 10 minutes from I88, it's a gateway to Cooperstown, Windham, and Plattekill for skiing, Albany, and the Schoharie Valley. Ideal for those seeking peace and outdoor adventure. A unique blend of rustic charm and convenience awaits. Additional Land is available.
Unit Size
3,055 Ft²
Days on Market
261 days
Land Size
2.36 acres
Price per sqft
$106
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1850

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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 #R1522969)

Price History

Date / Event Date Event Price
Nov 13, 2024 Sold
Premium
Sold
Sep 27, 2024 In contract -
In contract
Aug 1, 2024 Price Decreased $325,000
↓ $15K (4.4%)
Price Decreased
May 28, 2024 Price Increased $339,900
↑ $15K (4.6%)
Price Increased
Apr 30, 2024 Relisted $325,000
Relisted
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Bedroom Count: 7
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • 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: 1
  • Garage Square Area: 391
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,893
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,004
  • Building Area: 3,004
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,004
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001880
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Cobleskill-Richmondville Central School District
  • School Tax School District: COBLESKILL-RICH
  • Census Tract: 740500

Zoning

  • Zoning: 01 - NOT Z

Geography

  • Account Number: 545J100420
  • District: 434800
  • Section: 111.00
  • Parcel: 434800 111.-3-10
  • Block: 3
  • Lot: 10.000
  • Municipality: SUMMIT
  • Latitude: 42.5736
  • Longitude: -74.6229

    Address

  • Full Address: 175 Sam Lape Rd
  • Address - House Number: 175
  • Address - Street Name: Sam Lape
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Summit
  • Carrier Code: H001
  • 4-Digit Zip Code: 2620
  • Zip Code: 12175

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $309,791
  • Tax Rate Code Area: 432602

    Appraisal Valuation

  • Standard Deviation: 0.4558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 596,288
  • High Value: 868,121
  • Low Value: 324,454

    Market Valuation

  • Market Total Value: $114,620
  • Market Land Value: $20,585
  • Market Improvement Value: $94,035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,000
  • Assessed Land Value: $8,800
  • Assessed Improvements Value: $40,200

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 19, 2010
  • Current Sale Recording Date: Mar 09, 2010
  • Current Sale Price:
    Premium
  • Current 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 Schoharie

Stats & Trends

Median Asking:

$281,500

Sale Price/ft²

$172

Below Asking

0.03%

Average Days on Market

83

Average Home Size

2017 ft²

Average Home Age

82.8 years

Currently For Sale

133 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

Rentals Near You

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NYSAMLS

Last Updated: 6 months ago
Data Source: NYSAMLSs, MLS# R1522969

Frequently Asked Questions

When was property at 175 Sam Lape Road built and last sold?
The property at 175 Sam Lape Road was built in 1850 and last sold on Feb 19, 2010 for $137,500.
How much is this home worth?
The estimated value of the home located at 175 Sam Lape Road is $352,490.
What are some comparable homes to 175 Sam Lape Road?
There are currently no comparable homes to 175 Sam Lape Road.
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