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Chenango 13815
263 County Road 31
$216,500
● House - Off Market

263 County Road 31

North Norwich, NY 13815
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$1,277
Est. Monthly

About This Property

Beautiful Ranch 3 Bedroom, 2 Bathrooms near Chenango Lake.    Move in ready.    Excellent Single floor living.    NEW roof and NEW well pump.    Electric Motorized Awning on back deck to overlook your large level yard 2.71 acres.
Unit Size
1,512 Ft²
Days on Market
122 days
Land Size
2.71 acres
Price per sqft
$132
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1987

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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: 4 months ago (NYSAMLS #R1533337)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Premium
Sold
May 3, 2024 In contract -
In contract
Apr 23, 2024 Listed by Howard Hanna $199,900
Listed by Howard Hanna
Jul 23, 1998 Sold
Premium
Sold
Jul 1, 1996 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1
  • Garage Square Area: 840
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 118,048
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002710
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: B793 P706

Neighborhood

  • School District Name: Norwich City School District
  • School Tax School District: NORWICH
  • Census Tract: 970502

Geography

  • District: 084000
  • Section: 111.00
  • Parcel: 084000 111.-1-44.232
  • Block: 1
  • Lot: 44.232
  • Municipality: NORTH NORWICH
  • Latitude: 42.5677
  • Longitude: -75.4585

    Address

  • Full Address: 263 County Road 31
  • Address - House Number: 263
  • Address - Street Name: County Road 31
  • State: NY
  • City Name: Norwich
  • Carrier Code: R005
  • 4-Digit Zip Code: 3158
  • Zip Code: 13815

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $373,121
  • Tax Rate Code Area: 081100

    Appraisal Valuation

  • Standard Deviation: 0.1116
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 168,762
  • High Value: 187,603
  • Low Value: 149,920

    Market Valuation

  • Market Total Value: $158,991
  • Market Land Value: $25,219
  • Market Improvement Value: $133,772

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,500
  • Assessed Land Value: $11,500
  • Assessed Improvements Value: $61,000

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 1998
  • Current Sale Recording Date: Jul 23, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 01, 1996
  • Previous Sale Contract Date: Jul 01, 1996
  • Previous Sale Amount: $70,000
  • 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 Chenango

Stats & Trends

Median Asking:

$196,500

Sale Price/ft²

$115

Below Asking

0.03%

Average Days on Market

81

Average Home Size

2647 ft²

Average Home Age

100.7 years

Currently For Sale

163 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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NYSAMLS

Last Updated: 4 months ago
Data Source: NYSAMLSs, MLS# R1533337

Frequently Asked Questions

When was property at 263 County Rd 31 built and last sold?
The property at 263 County Rd 31 was built in 1987 and last sold on Jul 20, 1998 for $95,000.
How much is this home worth?
The estimated value of the home located at 263 County Rd 31 is $201,384.
What are some comparable homes to 263 County Rd 31?
There are currently no comparable homes to 263 County Rd 31.
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