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Essex 12870
2330 Hoffman Road
$229,000
● House - Off Market

2330 Hoffman Road

Schroon, NY 12870
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,387 Ft²
$1,460
Est. Monthly
12.57%
Cap Rate

About This Property

Circa 1850's Adirondack Farmhouse on superb 10.92 acres minutes to Schroon Lake & a short drive to Gore Mt.  Home has 4 bedrooms, living room with brick wood burning fireplace, kitchen w/pellet stove, deck, screened porch, bath w/tub & separate shower, laundry, basement, 2 sheds.  Near 1000's of State Land in the Hoffman Notch Wilderness Area!
Unit Size
1,387 Ft²
Days on Market
296 days
Land Size
10.90 acres
Price per sqft
$187
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1850

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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 (Global MLS #202421897)

Price History

Date / Event Date Event Price
May 14, 2025 Sold
Premium
Sold
Jan 22, 2025 In contract -
In contract
Oct 20, 2024 Price Decreased $259,000
↓ $20K (7.2%)
Price Decreased
Jul 22, 2024 Listed by Gallo Realty ADK Inc $279,000
Listed by Gallo Realty ADK Inc

Property Highlights

Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1975
  • Bedroom Count: 4
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 496,584
  • Total Building Area: 1,134
  • Gross Building Area: 1,134
  • Building Area: 1,134
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,134
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000011400
  • Standard Land Use Code: 1008
  • County Land Use Code: 240
  • Legal Description 1: 2 ROAD PATENT LIFE USE WM & JOSEPHINE BAMFORD DB 1062/336

Neighborhood

  • School District Name: Schroon Lake Central School District
  • School Tax School District: SCHROON LAKE
  • Census Tract: 961300

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 695J100504
  • District: 154600
  • Section: 146.02
  • Parcel: 154600 146.2-1-25.000
  • Block: 1
  • Lot: 25.000
  • Municipality: SCHROON
  • Latitude: 43.8439
  • Longitude: -73.7994

    Address

  • Full Address: 2330 Hoffman Rd
  • Address - House Number: 2330
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Schroon Lake
  • Carrier Code: R002
  • 4-Digit Zip Code: 2514
  • Zip Code: 12870

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $191,320
  • Tax Rate Code Area: 154601

    Appraisal Valuation

  • Standard Deviation: 0.1437
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 228,088
  • High Value: 260,883
  • Low Value: 195,292

    Market Valuation

  • Market Total Value: $166,300
  • Market Land Value: $71,000
  • Market Improvement Value: $95,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,300
  • Assessed Land Value: $71,000
  • Assessed Improvements Value: $95,300

    Exemptions

  • Veteran Exemption: Yes
  • 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 Essex

Stats & Trends

Median Asking:

$229,999

Sale Price/ft²

$156

Below Asking

0.05%

Average Days on Market

90

Average Home Size

1763 ft²

Average Home Age

73.5 years

Currently For Sale

115 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: Roger M Friedman
Gallo Realty ADK Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202421897
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 2330 Hoffman Road built and last sold?
The property at 2330 Hoffman Road was built in 1850 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2330 Hoffman Road is $0.
What are some comparable homes to 2330 Hoffman Road?
There are currently no comparable homes to 2330 Hoffman Road.
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