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Rensselaer
2931 River Road
$322,000
● House - Off Market

2931 River Road

Schaghticoke, NY 12121
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,680 Ft²
$1,915
Est. Monthly
4.36%
Cap Rate

About This Property

Discover the tranquility of riverfront living in this charming Hudson Riverfront home. This 2+ bedroom, one bath home featuring a versatile office/den and, is nestled on just under an acre .94 with 105 feet of direct river frontage. Beautiful hickory kitchen cabinets. gleaming hardwood floors on the 1st floor. A spacious 4+-car garage with soaring 12+ foot ceilings and 2- 10-foot garage doors offers ample space for hobbies, storage, boats, RV's, or a home-based business. Relax and enjoy breathtaking views of the Hudson's whitewater rapids from the expansive composite deck, or unwind and enjoy the soothing sounds of the adjacent brook. All this plus a 3-season sun room! This is a rare Riverfront opportunity and a must See!
Unit Size
1,680 Ft²
Days on Market
75 days
Land Size
0.94 acres
Price per sqft
$193
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1939

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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: 12 months ago (Global MLS #202430687)

Price History

Date / Event Date Event Price
Mar 4, 2025 Sold
Premium
Sold
Jan 26, 2025 In contract -
In contract
Dec 19, 2024 Listed by Carr Real Estate Group, LLC $325,000
Listed by Carr Real Estate Group, LLC
Oct 16, 2012 Sold
Premium
Sold
May 21, 2012 Listed by Carr Real Estate Group, LLC $194,900
Listed by Carr Real Estate Group, LLC
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Property Highlights

Parking Available
Garage
With View

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Lot Size Depth Feet: 3,400
  • Lot Size Frontage Feet: 1,720
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Mechanicville City School District
  • Census Tract: 051901

Zoning

  • Zoning: FFO

Geography

  • Account Number: 315J109550
  • District: 384289
  • Section: 30.00
  • Parcel: 384289 30.-3-23
  • Block: 3
  • Lot: 23.000
  • Municipality: SCHAGHTICOKE (TOV)
  • Latitude: 42.8786
  • Longitude: -73.6717

    Address

  • Full Address: 2931 River Rd
  • Address - House Number: 2931
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Melrose
  • Carrier Code: R002
  • 4-Digit Zip Code: 2522
  • Zip Code: 12121

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $386,269
  • Tax Rate Code Area: 411000

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 296,687
  • High Value: 364,602
  • Low Value: 228,771

    Market Valuation

  • Market Total Value: $241,121
  • Market Land Value: $61,682
  • Market Improvement Value: $179,439

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,700
  • Assessed Land Value: $9,900
  • Assessed Improvements Value: $28,800

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2012
  • Current Sale Recording Date: Oct 16, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 29, 2008
  • Previous Sale Contract Date: Aug 28, 2008
  • Previous Sale Amount: $100,000
  • 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 Rensselaer

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2229 ft²

Average Home Age

94.7 years

Currently For Sale

432 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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Global MLS

Listed by: Richard Carr
Carr Real Estate Group, LLC
Last Updated: 12 months ago
Data Source: Global MLS , MLS# 202430687
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 2931 River Road built and last sold?
The property at 2931 River Road was built in 1939 and last sold on Oct 12, 2012 for $180,000.
How much is this home worth?
The estimated value of the home located at 2931 River Road is $0.
What are some comparable homes to 2931 River Road?
There are currently no comparable homes to 2931 River Road.
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