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Fulton 12010
217 Reidel Road
Photo of 217 Reidel Road
Sold on Aug 23, 2024

1

Map

$85,000
● Land - Off Market

217 Reidel Road

Perth, NY 12010
bedrooms
Studio
bathrooms
0 Bath
$553
Est. Monthly
24.73%
Cap Rate

About This Property

What an opportunity to own 2 lots totaling almost 30 acres in the Broadalbin-Perth School District! Build your dream home on the cleared portion of the property and still have plenty of acreage for all of your favorite outdoor activities - X Country skiing, ATV, hiking, and dirt bike trails can be cut through the wooded areas.  There is a home on the property but it is likely a tear-down. Do not enter the home! The locations/conditions of the well and septic are unknown. This property is conveniently located only 10 minutes from the Great Sacandaga Lake and 35 minutes from both Saratoga and Albany. Don't miss this one!
Unit Size
-
Days on Market
60 days
Land Size
29.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$116
HOA Dues
-
Year Built
1955

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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 months ago (Global MLS #202419991)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 24, 2024 Listed by Howard Hanna Capital Inc $89,000
Listed by Howard Hanna Capital Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 579,348
  • Lot Size Frontage Feet: 7,300
  • Total Building Area: 776
  • Building Area: 776
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 776
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000013300
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: OLD PARCEL =06-01- 537.00

Neighborhood

  • School District Name: Broadalbin-Perth Central School District
  • School Tax School District: BROADALBIN-PERT
  • Census Tract: 971400

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 173600
  • Section: 165.00
  • Parcel: 173600 165.-2-53.1
  • Block: 2
  • Lot: 53.001
  • Municipality: PERTH
  • Latitude: 43.0165
  • Longitude: -74.2318

    Address

  • Full Address: 217 Reidel Rd
  • Address - House Number: 217
  • Address - Street Name: Reidel
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Amsterdam
  • Carrier Code: R006
  • 4-Digit Zip Code: 6351
  • Zip Code: 12010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $139,817
  • Tax Rate Code Area: 172201

    Appraisal Valuation

  • Standard Deviation: 0.1266
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 94,621
  • High Value: 106,604
  • Low Value: 82,637

    Market Valuation

  • Market Total Value: $67,568
  • Market Land Value: $58,108
  • Market Improvement Value: $9,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $21,500
  • Assessed Improvements Value: $3,500
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 Fulton

Stats & Trends

Median Asking:

$209,900

Sale Price/ft²

$129

Below Asking

0.03%

Average Days on Market

75

Average Home Size

1891 ft²

Average Home Age

88.8 years

Currently For Sale

171 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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Global MLS

Listed by: Katrina F Ruberti
Howard Hanna Capital Inc
Last Updated: 4 months ago
Data Source: Global MLS , MLS# 202419991
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 217 Reidel Road built and last sold?
The property at 217 Reidel Road was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 217 Reidel Road is $0.
What are some comparable homes to 217 Reidel Road?
There are currently no comparable homes to 217 Reidel Road.
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