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Niagara 14108
2547 Mcclew Road
$205,000
● House - Off Market

2547 Mcclew Road

Newfane, NY 14028
bedrooms
2 Beds
bathrooms
1 Bath
square feet
612 Ft²
$154,477
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Town of Newfane. Adorable ranch situated on 4.7 acres! 2 bedrooms one bath. One bedroom currently is being used as a laundry room -additional hook ups in basement. Eat in kitchen. Family room with vaulted ceiling and hardwood flooring! Full basement. Gorgeous yard and private deck. 2 story barn with metal roof (2022) includes 2 horse stalls and a second floor for storage. Shed with concrete flooring. Fenced in pasture with lean2. This is an Estate. Sq footage may not include kitchen addition that was put on 20 years ago. Furnace 2005-updated 2022. Roof 10-12 years old. Metal roof on barn 2020. Offers due May 23, 2023, 11:00 am.
Unit Size
612 Ft²
Days on Market
57 days
Land Size
4.70 acres
Price per sqft
$253
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1955

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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: 5 months ago (NYSAMLS #B1471466)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
May 24, 2023 In contract -
In contract
May 16, 2023 Listed by Hunt Real Estate ERA $154,900
Listed by Hunt Real Estate ERA

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 204,732
  • Total Building Area: 612
  • Building Area: 612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 612
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004700
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 4100462 18 157

Neighborhood

  • School District Name: Newfane Central School District
  • School Tax School District: NEWFANE
  • Census Tract: 024202

Geography

  • District: 292800
  • Section: 38.00
  • Parcel: 292800 38.00-2-59
  • Block: 2
  • Lot: 59.000
  • Municipality: NEWFANE
  • Latitude: 43.2912
  • Longitude: -78.7245

    Address

  • Full Address: 2547 Mcclew Rd
  • Address - House Number: 2547
  • Address - Street Name: Mcclew
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Burt
  • Carrier Code: R004
  • 4-Digit Zip Code: 9740
  • Zip Code: 14028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $294,581
  • Tax Rate Code Area: 292801

    Appraisal Valuation

  • Standard Deviation: 0.2456
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 179,155
  • High Value: 223,161
  • Low Value: 135,149

    Market Valuation

  • Market Total Value: $122,700
  • Market Land Value: $34,041
  • Market Improvement Value: $88,659

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,800
  • Assessed Land Value: $17,700
  • Assessed Improvements Value: $46,100

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jul 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 10958
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 Niagara

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$158

Below Asking

0.02%

Average Days on Market

73

Average Home Size

2016 ft²

Average Home Age

93 years

Currently For Sale

912 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# B1471466

Frequently Asked Questions

When was property at 2547 McClew Road built and last sold?
The property at 2547 McClew Road was built in 1955 and last sold on Jun 29, 2023 for $205,000.
How much is this home worth?
The estimated value of the home located at 2547 McClew Road is $156,688.
What are some comparable homes to 2547 McClew Road?
There are currently no comparable homes to 2547 McClew Road.
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