1995 Putnam Road
About This Property
Surrounding the home are 14 level lying acres to enjoy, hunt, and explore. The land consists almost entirely of woodlands and is comprised of a variety of nice sized hardwoods. A convenient location situated only 10 miles to Wellsville and 22 miles to Olean. All furnishings can be included in the sale.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Landquest Inc. | $124,900 | |
| Listed by Landquest Inc. | |||
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This well-maintained home is tucked back off the gravel road with a large yard and is surrounded by trees. Step into the home from the front deck and enter the cozy eat-in kitchen. Off the kitchen is a large family room featuring a brick fireplace with a wood stove insert and attractive tongue and groove pine. The home also has three bedrooms, a full bathroom, and a convenient laundry room. Enjoy the serenity from the front or back deck of the country home. Ultimate privacy is provided by more than 1,000 feet of road frontage and being the only home on the quiet gravel road. Current owner has enjoyed the home as a seasonal retreat for 20 years while updating the home along the way including a newer roof and floors. Along the road is a two-car garage with concrete floors and a newer metal roof. The home has an efficient propane heater, and high-speed internet is available.
Surrounding the home are 14 level lying acres to enjoy, hunt, and explore. The land consists almost entirely of woodlands and is comprised of a variety of nice sized hardwoods. A convenient location situated only 10 miles to Wellsville and 22 miles to Olean. All furnishings can be included in the sale.
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| Jul 8, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017