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Orange 12550
22 Russo Drive
$320,000
● House - Off Market

22 Russo Drive

Newburgh (Town), NY 12550
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,550 Ft²
$327,842
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Lovely 3 bedroom brick ranch features hardwood floors throughout, newer Buderus boiler, new roof 2020, new septic 1000 gallon concrete system, new well pump, finished walkout basement with half bath and great workshop, huge heated All Season room, 10x12 shed, at the end of dead end street surrounded by woods with low taxes and Marlboro Schools.  Needs some updating but well worth the effort. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$213
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1961

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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: 4 months ago (OneKey MLS #KEYH6259792)

Price History

Date / Event Date Event Price
Jul 27, 2023 In contract -
In contract
Jul 18, 2023 Listed by Century 21 E & M Williams Rlty $329,900
Listed by Century 21 E & M Williams Rlty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,192
  • Lot Size Depth Feet: 1,880
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 1,316
  • Building Area: 1,316
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,316
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000578
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: PT LT 8 PARR EST

Neighborhood

  • School District Name: Marlboro Central School District
  • Census Tract: 010102

Geography

  • District: 334600
  • Section: 9.00
  • Parcel: 334600 9-2-14
  • Block: 2
  • Lot: 14.000
  • Municipality: NEWBURGH
  • Latitude: 41.5711
  • Longitude: -73.996

    Address

  • Full Address: 22 Russo Dr
  • Address - House Number: 22
  • Address - Street Name: Russo
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Newburgh
  • Carrier Code: C025
  • 4-Digit Zip Code: 1147
  • Zip Code: 12550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,193
  • Tax Rate Code Area: 513601

    Appraisal Valuation

  • Standard Deviation: 0.2672
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 61
  • Final Value: 328,419
  • High Value: 416,175
  • Low Value: 240,664

    Market Valuation

  • Market Total Value: $226,000
  • Market Land Value: $29,639
  • Market Improvement Value: $196,361

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,800
  • Assessed Land Value: $6,400
  • Assessed Improvements Value: $42,400

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20230054804
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 Orange

Stats & Trends

Median Asking:

$481,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

89

Average Home Size

2239 ft²

Average Home Age

61 years

Currently For Sale

1265 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 5273 Route 9w, Newburgh, NY, 12550

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
5273 Route 9w #NORTH, Newburgh, NY, 12550 Listing by George K Koudounas
Unit for rent at 1805 Parr Lake Drive, Newburgh, NY, 12550

$1,700 /mo

  • 1 Bed
  • 1 Bath
  • 742 ft²
1805 Parr Lake Drive #18E, Newburgh, NY, 12550 Listing by Thomas Lawrenson

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 22 Russo Drive built and last sold?
The property at 22 Russo Drive was built in 1961 and last sold on Aug 31, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 22 Russo Drive is $337,021.
What are some comparable homes to 22 Russo Drive?
There are currently no comparable homes to 22 Russo Drive.
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