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Otsego 13825
2326 County Highway 8
$340,000
● House - Off Market

2326 County Highway 8

Otego, NY 13825
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,192 Ft²
$2,292
Est. Monthly

About This Property

This amazing, custom-built 2,192 sq.ft. home sits on 34.56 acres and has astounding, landscaped features complete with mature greenery and fruit trees in a very private setting.  This spacious 1.7 story home boasts 5 large bedrooms, 2.5 baths, and a large overhead loft overlooking the living room.   Large country eat-in kitchen with post and beam construction, a built-in brick cooking area (brick from the historic Oneonta D&H Railroad) that could easily be turned into a brick pizza or warming oven.  The formal dining room has slides out to the back patio with breath taking views from every direction!  Two car attached garage with a large barn and woodshed are also included on the property.  This oasis is one you will want to escape to! 3 hours from the Lincoln Tunnel.  In the heart of Cooperstown Baseball area.
Unit Size
2,192 Ft²
Days on Market
147 days
Land Size
34.56 acres
Price per sqft
$166
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1976

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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 (NYSAMLS #R1502624)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Dec 27, 2023 In contract -
In contract
Oct 6, 2023 Listed by Howard Hanna $364,000
Listed by Howard Hanna

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1980
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 784
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,210,097
  • Total Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000027780
  • Standard Land Use Code: 1008
  • County Land Use Code: 240
  • Legal Description 1: 997 0 0

Neighborhood

  • School District Name: Otego-Unadilla Central School District
  • School Tax School District: UNATEGO
  • Census Tract: 591401

Zoning

  • Zoning: R2

Geography

  • Account Number: 036030
  • District: 364889
  • Section: 273.00
  • Parcel: 364889 273.00-2-18.01
  • Block: 2
  • Lot: 18.001
  • Municipality: OTEGO (TOV)
  • Latitude: 42.4839
  • Longitude: -75.1563

    Address

  • Full Address: 2326 County Highway 8
  • Address - House Number: 2326
  • Address - Street Name: County Highway 8
  • State: NY
  • City Name: Otego
  • Carrier Code: R052
  • 4-Digit Zip Code: 2300
  • Zip Code: 13825

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 364801

    Appraisal Valuation

  • Standard Deviation: 0.1228
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 86
  • Final Value: 358,674
  • High Value: 402,747
  • Low Value: 314,600

    Market Valuation

  • Market Total Value: $288,172
  • Market Land Value: $62,043
  • Market Improvement Value: $226,129

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,000
  • Assessed Land Value: $57,700
  • Assessed Improvements Value: $210,300

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-843
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 Otsego

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2420 ft²

Average Home Age

95 years

Currently For Sale

285 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

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NYSAMLS

Last Updated: 4 months ago
Data Source: NYSAMLSs, MLS# R1502624

Frequently Asked Questions

When was property at 2326 County Rd 8 built and last sold?
The property at 2326 County Rd 8 was built in 1976 and last sold on Feb 28, 2024 for $340,000.
How much is this home worth?
The estimated value of the home located at 2326 County Rd 8 is $366,115.
What are some comparable homes to 2326 County Rd 8?
There are currently no comparable homes to 2326 County Rd 8.
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