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Sullivan 12701
26 Hemlock Drive
$170,000
● House - Off Market

26 Hemlock Drive

Thompson, NY 12701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
816 Ft²
$154,423
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Charming ranch home in the Melody Lake community. This move in-ready home features an open concept living and kitchen area with beautiful hardwood floors throughout. Melody Lake is a short walk, and usable for fishing, kayaking, and boating. Currently used as a successful air-bnb this property is a great business opportunity, summer getaway, or starter home! In the past 5-7 years the home has new windows, siding, shed, hot water heater, and roof! Close to Resorts World Catskills, Bethel Woods, and major highways.
Unit Size
816 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$190
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1951

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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: 5 months ago (OneKey MLS #KEYH6265577)

Price History

Date / Event Date Event Price
Aug 31, 2023 In contract -
In contract
Aug 22, 2023 Listed by HomeSmart Homes & Estates $155,000
Listed by HomeSmart Homes & Estates
Apr 21, 2021 Sold
Premium
Sold
Feb 23, 2021 Sold
Premium
Sold
Jul 25, 2020 Listed by HomeSmart Homes & Estates $119,000
Listed by HomeSmart Homes & Estates
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 2006
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 816
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Monticello Central School District
  • School Tax School District: MONTICELLO
  • Census Tract: 951600

Zoning

  • Zoning: SR

Geography

  • District: 484689
  • Section: 62
  • Parcel: 484689 62.-9-6
  • Block: 9
  • Lot: 6.000
  • Municipality: THOMPSON (TOV)
  • Latitude: 41.5953
  • Longitude: -74.668

    Address

  • Full Address: 26 Hemlock Dr
  • Address - House Number: 26
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Monticello
  • Carrier Code: R002
  • 4-Digit Zip Code: 4339
  • Zip Code: 12701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 484601

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 178,867
  • High Value: 208,320
  • Low Value: 149,413

    Market Valuation

  • Market Total Value: $143,000
  • Market Land Value: $29,400
  • Market Improvement Value: $113,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,500
  • Assessed Land Value: $14,700
  • Assessed Improvements Value: $56,800

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023-8416
  • Previous Sale Recording Date: Apr 21, 2021
  • Previous Sale Contract Date: Feb 22, 2021
  • Previous Sale Amount: $125,000
  • Previous 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 Sullivan

Stats & Trends

Median Asking:

$388,750

Sale Price/ft²

$236

Below Asking

0.02%

Average Days on Market

98

Average Home Size

1947 ft²

Average Home Age

59.7 years

Currently For Sale

651 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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OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 26 Hemlock Drive built and last sold?
The property at 26 Hemlock Drive was built in 1951 and last sold on Oct 10, 2023 for $170,000.
How much is this home worth?
The estimated value of the home located at 26 Hemlock Drive is $159,742.
What are some comparable homes to 26 Hemlock Drive?
There are currently no comparable homes to 26 Hemlock Drive.
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