For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Saratoga 12086
2540 May Road
Photo of 2540 May Road
Sold on Aug 26, 2026

3

Map

Photo of 2540 May Road
Photo of 2540 May Road
$440,000
● House - Off Market

2540 May Road

Galway, NY 12086
bedrooms
3 Beds
bathrooms
1 Bath
square feet
560 Ft²
$2,549
Est. Monthly
$54
HOA / Fees

About This Property

Galway Lake- Featuring a charming 3-bedroom 1-bathroom seasonal cottage Enjoy 50 feet of private shoreline. Nestled on a peaceful lot, this inviting getaway offers stunning water views, private docks perfect for swimming, floating and kayaking. The cottage combines rustic charm with comfortable living, making it ideal for weekend escapes, family gatherings, or enjoying sunsets over the water. Step out to the enclosed front porch and have your morning coffee viewing the beautiful lake. This is lakeside living at its best.
Unit Size
560 Ft²
Days on Market
77 days
Land Size
0.18 acres
Price per sqft
$826
Property Type
House
Property Taxes
$224
HOA Dues
$54
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (Global MLS #202619291)

Price History

Date / Event Date Event Price
Aug 26, 2026 Sold
Premium
Sold
Jul 11, 2026 In contract -
In contract
Jul 10, 2026 Price Decreased $462,500
↓ $12K (2.5%)
Price Decreased
Jun 9, 2026 Listed by Inglenook Realty Inc $474,500
Listed by Inglenook Realty Inc
Apr 21, 2006 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Frontage Feet: 752
  • Total Building Area: 560
  • Building Area: 560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1012
  • County Land Use Code: 260

Neighborhood

  • School District Name: Galway Central School District
  • School Tax School District: GALWAY
  • Census Tract: 971400

Zoning

  • Zoning: L

Geography

  • Account Number: 5 J01156
  • District: 413289
  • Section: 198.10
  • Parcel: 413289 198.10-1-11
  • Block: 1
  • Lot: 11.000
  • Municipality: GALWAY (TOV)
  • Latitude: 43.0229
  • Longitude: -74.0742

    Address

  • Full Address: 2540 May Rd
  • Address - House Number: 2540
  • Address - Street Name: May
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Hagaman
  • Zip Code: 12086

Valuation

    Tax

  • Tax Year: 2016
  • Tax Amount: $228,904
  • Tax Rate Code Area: 413201

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 443,364
  • High Value: 516,924
  • Low Value: 369,804

    Market Valuation

  • Market Total Value: $200,000
  • Market Land Value: $44,125
  • Market Improvement Value: $155,875

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,000
  • Assessed Land Value: $35,300
  • Assessed Improvements Value: $124,700

    Sales

  • Current Sale Contract Date: Apr 21, 2006
  • Current Sale Recording Date: Apr 21, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Saratoga

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

66

Average Home Size

2213 ft²

Average Home Age

77.9 years

Currently For Sale

625 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

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Kristin VanNostrand
Inglenook Realty Inc
Last Updated: 3 months ago
Data Source: Global MLS , MLS# 202619291
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 2540 May Road built and last sold?
The property at 2540 May Road was built in 1955 and last sold on Apr 21, 2006 for $110,000.
How much is this home worth?
The estimated value of the home located at 2540 May Road is $463,914.
What are some comparable homes to 2540 May Road?
There are currently no comparable homes to 2540 May Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Galway Homes for Sale
Galway Houses for Sale
Galway Multifamily for Sale
Galway Land for Sale
Galway Commercial for Sale
Galway Homes with Basements
Galway Homes with Pools
Galway Homes with Parking
Nearby Cities
Amsterdam Homes for Sale
Ballston Spa Homes for Sale
Milton Homes for Sale
Country Knolls Homes for Sale
North Ballston Spa Homes for Sale
Round Lake Homes for Sale
Broadalbin Homes for Sale
Hagaman Homes for Sale
Nearby Property Records
Saratoga County, NY Property Records
Schenectady County, NY Property Records
Montgomery County, NY Property Records
Fulton County, NY Property Records
Albany County, NY Property Records
Rensselaer County, NY Property Records
Schoharie County, NY Property Records
Hamilton County, NY Property Records
Nearby Counties
Glenville Homes for Sale
Milton Homes for Sale
Ballston Homes for Sale
Greenfield Homes for Sale
Amsterdam Homes for Sale
Charlton Homes for Sale
Broadalbin Homes for Sale
Amsterdam Homes for Sale
Top Real Estate Agents
Top Agents in Galway
Top Agents in 12020
Top Agents in Glenville
Top Agents in 12302
Top Agents in 12019
Top Agents in Milton
Top Agents in 12010
Top Agents in Ballston