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Wayne 14433
2997 State Route 414
$25,000
● House - Off Market

2997 State Route 414

Galen, NY 14433
bedrooms
1 Bed
bathrooms
0 Bath
square feet
480 Ft²
$41,458
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Here's your chance to try out a tiny house.  Or use it for a summer house or shed while you are building a new home. Amish-built home was recently moved to this 2 acre site. Age approximate. The utilities are started - electric needs to hooked up and new septic system completed.  Pex plumbing needs finishing.   House has a shower stall and kitchen sink roughed in. Existing well.  Blue spruce and lilacs planted recently.  Beautiful vistas to the east and west.  Property sold as is. Single wide mobile was removed this summer.  Various building materials will stay.
Unit Size
480 Ft²
Days on Market
301 days
Land Size
1.77 acres
Price per sqft
$62
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
2019

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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 (NYSAMLS #R1226224)

Price History

Date / Event Date Event Price
Jul 15, 2020 Sold
Premium
Sold
Sep 17, 2019 Listed by Coldwell Banker Finger Lakes $29,900
Listed by Coldwell Banker Finger Lakes
Oct 4, 2010 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Total Building Area: 900
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 42113-00-348536

Neighborhood

  • School District Name: Clyde-Savannah Central School District
  • School Tax School District: CLYDE-SAVANNAH
  • Census Tract: 021700

Geography

  • District: 542489
  • Section: 74.113
  • Parcel: 542489 74113-00-375543
  • Lot: 375.543
  • Municipality: GALEN (TOV)
  • Latitude: 43.1159
  • Longitude: -76.8697

    Address

  • Full Address: 2997 State Route 414
  • Address - House Number: 2997
  • Address - Street Name: State Route 414
  • State: NY
  • City Name: Clyde
  • Carrier Code: R901
  • 4-Digit Zip Code: 9760
  • Zip Code: 14433

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $76,389
  • Tax Rate Code Area: 542401

    Appraisal Valuation

  • Standard Deviation: 0.2634
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 40,550
  • High Value: 51,243
  • Low Value: 29,858

    Market Valuation

  • Market Total Value: $35,714
  • Market Land Value: $19,286
  • Market Improvement Value: $16,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $16,200
  • Assessed Improvements Value: $13,800

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2020
  • Current Sale Recording Date: Jul 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R9222338
  • Previous Sale Recording Date: Oct 04, 2010
  • Previous Sale Contract Date: Sep 30, 2010
  • Previous Sale Amount: $28,000
  • 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 Wayne

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$138

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2281 ft²

Average Home Age

86 years

Currently For Sale

179 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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NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# R1226224

Frequently Asked Questions

When was property at 2997 State Rte 414 built and last sold?
The property at 2997 State Rte 414 was built in 2019 and last sold on Jul 9, 2020 for $25,000.
How much is this home worth?
The estimated value of the home located at 2997 State Rte 414 is $31,995.
What are some comparable homes to 2997 State Rte 414?
There are currently no comparable homes to 2997 State Rte 414.
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