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Cortland 13077
1795 Lighthouse Hill Road
$138,000
● House - Off Market

1795 Lighthouse Hill Road

Cortlandville, NY 13077
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$215,097
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Completely rehabilitated house in a private country setting but very close to Cortland City, Homer Village, and two Interstate 81 exchanges. Bright interior with many windows.  House sets back off the road and is surrounded by trees. Most of the lot is heavily wooded. The house is built into a hillside such that the backside of the 2nd floor is level with the ground. The 2nd floor porch wraps around three sides of the house. 1st floor deck. 3/4 bathroom on each floor.  Huge living room - could be a great room. No basement. 1st floor heating vents are in the ceiling. 1st floor laundry room.  A stainless steel kitchen stove and a refrigerator are being installed.  NOTE: A drainage problem with the land has been discovered.  It will be repaired before the closing.
Unit Size
1,632 Ft²
Days on Market
245 days
Land Size
3.01 acres
Price per sqft
$87
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1981

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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: 5 months ago (NYSAMLS #S1084090)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
Oct 27, 2017 Listed by Seven Valley Realty, Inc. $141,900
Listed by Seven Valley Realty, Inc.
Aug 8, 2006 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 130,680
  • Total Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Homer Central School District
  • School Tax School District: HOMER
  • Census Tract: 970400

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 112289
  • Section: 77.00
  • Parcel: 112289 77.00-10-01.000
  • Block: 10
  • Lot: 1.000
  • Municipality: CORTLANDVILLE (TOV)
  • Latitude: 42.6272
  • Longitude: -76.156

    Address

  • Full Address: 1795 Lighthouse Hill Rd
  • Address - House Number: 1795
  • Address - Street Name: Lighthouse Hill
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Homer
  • Carrier Code: R052
  • 4-Digit Zip Code: 8405
  • Zip Code: 13077

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $257,483
  • Tax Rate Code Area: 113001

    Appraisal Valuation

  • Standard Deviation: 0.4581
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 8
  • Final Value: 599,741
  • High Value: 874,523
  • Low Value: 324,958

    Market Valuation

  • Market Total Value: $178,571
  • Market Land Value: $39,143
  • Market Improvement Value: $139,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,000
  • Assessed Land Value: $27,400
  • Assessed Improvements Value: $97,600

    Sales

  • Current Sale Contract Date: Jun 20, 2018
  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-03795
  • Previous Sale Recording Date: Aug 08, 2006
  • Previous Sale Contract Date: Aug 03, 2006
  • Previous Sale Amount: $25,700
  • 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 Cortland

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$130

Below Asking

0.03%

Average Days on Market

83

Average Home Size

2166 ft²

Average Home Age

86.4 years

Currently For Sale

89 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 10 Maple Avenue, Cortland, NY, 13045

$3,000 /mo

  • 12 Beds
  • 3 Baths
  • 2,505 ft²
10 Maple Avenue, Cortland, NY, 13045 Listing by Donna Standish

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# S1084090

Frequently Asked Questions

When was property at 1795 Lighthouse Hill Road built and last sold?
The property at 1795 Lighthouse Hill Road was built in 1981 and last sold on Jun 20, 2018 for $255,000.
How much is this home worth?
The estimated value of the home located at 1795 Lighthouse Hill Road is $157,471.
What are some comparable homes to 1795 Lighthouse Hill Road?
There are currently no comparable homes to 1795 Lighthouse Hill Road.
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