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Newburgh 12550
2 Chestnut Street
Photo of 2 Chestnut Street
Sold on Jun 5, 2025

45

Map

Photo of 2 Chestnut Street
Photo of 2 Chestnut Street
$345,000
● House - Off Market

2 Chestnut Street

Newburgh (City), NY 12550
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$2,169
Est. Monthly
10.78%
Cap Rate

About This Property

The perfect place to start! This 3 bedroom well maintained home is new on the market and won't last long! Enter in through a spacious enclosed front porch ideal for relaxing in the morning with a cup of coffee or in the evening with the beverage of your choice. On cold winter nights cozy up in your living room and sit by the fireplace or gather with your family and friends in your formal dining room to make new memories begin. Upstairs offers 3 bedrooms and a large bathroom and a stairway that leads up to a full beautiful floored attic.

Full basement and a one car detached garage along with a completely fenced in yard.  What more can you ask for? Excellent  commuter location within minutes to all major highways, shopping, Metro North and Stewart Int airport.  Make this house your home and be a part of the beautiful Hudson Valley. :)
Unit Size
1,248 Ft²
Days on Market
91 days
Land Size
0.21 acres
Price per sqft
$262
Property Type
House
Property Taxes
$566
HOA Dues
-
Year Built
1920

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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: 2 years ago (OneKey MLS #KEY828984)

Price History

Date / Event Date Event Price
Jun 5, 2025 Sold
Premium
Sold
Mar 27, 2025 In contract -
In contract
Mar 12, 2025 In contract -
In contract
Mar 6, 2025 Listed by Howard Hanna Rand Realty $326,500
Listed by Howard Hanna Rand Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 1
  • Exterior Walls Type: 17
  • 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: 4
  • Garage Square Area: 150
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 910
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FKA 10-16 CHESTNUT ST

Neighborhood

  • School District Name: Newburgh City School District
  • School Tax School District: NEWBURGH
  • Census Tract: 000600

Zoning

  • Zoning: RL

Geography

  • Account Number: 065830
  • District: 331100
  • Section: 25.00
  • Parcel: 331100 25-5-23.1
  • Block: 5
  • Lot: 23.100
  • Municipality: NEWBURGH
  • Latitude: 41.5018
  • Longitude: -74.0435

    Address

  • Full Address: 2 Chestnut St
  • Address - House Number: 2
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: NY
  • City Name: Newburgh
  • Carrier Code: C021
  • 4-Digit Zip Code: 6513
  • Zip Code: 12550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $745,511
  • Tax Rate Code Area: 331100

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 306,537
  • High Value: 380,290
  • Low Value: 232,785

    Market Valuation

  • Market Total Value: $234,000
  • Market Land Value: $52,900
  • Market Improvement Value: $181,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,000
  • Assessed Land Value: $52,900
  • Assessed Improvements Value: $181,100

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Newburgh

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$224

Below Asking

0.02%

Average Days on Market

108

Average Home Size

1290 ft²

Average Home Age

106.6 years

Currently For Sale

83 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 176 South Street, Newburgh, NY, 12550

$3,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,489 ft²
176 South Street #3, Newburgh, NY, 12550 Listing by Yves S. Bouzaglo
Unit for rent at 492 Liberty Street, Newburgh, NY, 12550

$3,500 /mo

  • 4 Beds
  • 1 Bath
  • 1,351 ft²
492 Liberty Street #2, Newburgh, NY, 12550 Listing by Jose Santos
Unit for rent at 36 Route 17k, Newburgh, NY, 12550

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,283 ft²
36 Route 17k, Newburgh, NY, 12550 Listing by Charles Winchell

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 Chestnut Street built and last sold?
The property at 2 Chestnut Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Chestnut Street is $0.
What are some comparable homes to 2 Chestnut Street?
There are currently no comparable homes to 2 Chestnut Street.
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