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Herkimer 13340
2895 State Rt 5
$157,000
● House - Off Market

2895 State Rt 5

Schuyler, NY 13340
bedrooms
1 Bed
bathrooms
2 Baths
square feet
1,020 Ft²
$893
Est. Monthly

About This Property

Charming 1 Bedroom 2 Bath Home newly remodeled and nestled on just under half an acre of serene land. With 1,020 sq ft of space, this cozy retreat offers modern comforts and stylish finishes. Perfect for relaxation or hosting! It is currently an Airbnb rental, making it an ideal investment opportunity or a can be a delightful place to call home. Updates include: new Kitchen with quartz countertops, backsplash, and new stainless steel appliances, 2 new bathrooms, new sheetrock walls, flooring, windows, doors, siding, updated electrical and plumbing and the list goes on....
Unit Size
1,020 Ft²
Days on Market
159 days
Land Size
0.43 acres
Price per sqft
$147
Property Type
House
Property Taxes
$156
HOA Dues
-
Year Built
1947

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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 #S1532518)

Price History

Date / Event Date Event Price
Sep 23, 2024 Sold
Premium
Sold
Jul 24, 2024 In contract -
In contract
Jul 11, 2024 Relisted $150,000
Relisted
May 19, 2024 In contract -
In contract
May 8, 2024 Relisted $150,000
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N BLDG 3 1/3 STATE

Neighborhood

  • School District Name: Frankfort-Schuyler Central School District
  • School Tax School District: FRANKFORT-SCHUY
  • Census Tract: 011302

Zoning

  • Zoning: CH

Geography

  • Account Number: 150000480
  • District: 214800
  • Section: 105.03
  • Parcel: 214800 105.3-1-60
  • Block: 1
  • Lot: 60.000
  • Municipality: SCHUYLER
  • Latitude: 43.0789
  • Longitude: -75.1149

    Address

  • Full Address: 2895 State Route 5
  • Address - House Number: 2895
  • Address - Street Name: State Route 5
  • State: NY
  • City Name: Frankfort
  • Carrier Code: R253
  • 4-Digit Zip Code: 5210
  • Zip Code: 13340

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 212602

    Appraisal Valuation

  • Standard Deviation: 0.1492
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 80,946
  • High Value: 93,027
  • Low Value: 68,864

    Market Valuation

  • Market Total Value: $92,596
  • Market Land Value: $14,638
  • Market Improvement Value: $77,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,400
  • Assessed Land Value: $8,600
  • Assessed Improvements Value: $45,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 24, 2014
  • Current Sale Recording Date: Feb 10, 2014
  • 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 Herkimer

Stats & Trends

Median Asking:

$184,900

Sale Price/ft²

$116

Below Asking

0.03%

Average Days on Market

79

Average Home Size

2000 ft²

Average Home Age

91.5 years

Currently For Sale

283 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# S1532518

Frequently Asked Questions

When was property at 2895 State Route 5 built and last sold?
The property at 2895 State Route 5 was built in 1947 and last sold on Jan 24, 2014 for $29,000.
How much is this home worth?
The estimated value of the home located at 2895 State Route 5 is $152,372.
What are some comparable homes to 2895 State Route 5?
There are currently no comparable homes to 2895 State Route 5.
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