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New Paltz 12561
3 Erman Lane
$330,000
● House - Off Market

3 Erman Lane

New Paltz, NY 12561
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,482 Ft²
$453,143
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

TOTALLY PRIVATE COUNTRY BRICK RANCH WITH SPARKLING HARDWOOD FLOORS, FIREPLACE, SCREENED PORCH, AND OVERSIZED WINDOWS, 2 CAR ATTACHED GARAGE WITH STORAGE, PLUS 3RD GARAGE/WORKSHOP. THIS SOLID CUSTOM BUILT HOME IS THE PERFECT SPOT TO GET AWAY FROM ALL THE HUSTLE AND BUSTLE TO ENJOY THE BEAUTY AND SERENITY OF NATURE. CRISP CLEAN MOVE IN READY RANCH IS ONLY 1 MILE FROM NY THRUWAY, NY 87, IN TOWN OF NEW PALTZ ON PRIVATE PAVED ROAD. SALE INCLUDES SEPARATE DEEDED PARCEL OF .53 LEVEL ACRES WHICH MAKES UP THE 1.06 ACRES--GIVING THE HOUSE TOTAL PRIVACY. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
Unit Size
1,482 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$233
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1960

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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 #KEYH6064506)

Price History

Date / Event Date Event Price
Jan 13, 2021 Sold
Premium
Sold
Dec 7, 2020 Sold
Premium
Sold
Aug 22, 2020 Listed by BHHS Hudson Valley Properties $344,900
Listed by BHHS Hudson Valley Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: New Paltz Central School District
  • School Tax School District: NEW PALTZ
  • Census Tract: 953400

Zoning

  • Zoning: R1

Geography

  • Account Number: 112869.000
  • District: 513889
  • Section: 86.08
  • Parcel: 513889 86.8-5-7
  • Block: 5
  • Lot: 7.000
  • Municipality: NEW PALTZ (TOV)
  • Latitude: 41.753
  • Longitude: -74.0629

    Address

  • Full Address: 3 Erman Ln
  • Address - House Number: 3
  • Address - Street Name: Erman
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: New Paltz
  • Carrier Code: R003
  • 4-Digit Zip Code: 3305
  • Zip Code: 12561

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,185,239
  • Tax Rate Code Area: 513801

    Appraisal Valuation

  • Standard Deviation: 0.1618
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 67
  • Final Value: 534,214
  • High Value: 620,691
  • Low Value: 447,736

    Market Valuation

  • Market Total Value: $479,848
  • Market Land Value: $130,000
  • Market Improvement Value: $349,848

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,700
  • Assessed Land Value: $85,800
  • Assessed Improvements Value: $230,900

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Jan 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021-785
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 New Paltz

Stats & Trends

Median Asking:

$389,500

Sale Price/ft²

$371

Above Asking

0.00%

Average Days on Market

61

Average Home Size

1246 ft²

Average Home Age

42.3 years

Currently For Sale

12 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

Unit for rent at 24 Bonticou View Drive, New Paltz, NY, 12561

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 720 ft²
24 Bonticou View Drive, New Paltz, NY, 12561 Listing by Erez Melamed
Unit for rent at 25 Henry W Dubios Drive, New Paltz, NY, 12561

$1,950 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
25 Henry W Dubios Drive #42, New Paltz, NY, 12561 Listing by RoseMarie Christner

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3 Erman Lane built and last sold?
The property at 3 Erman Lane was built in 1960 and last sold on Dec 7, 2020 for $330,000.
How much is this home worth?
The estimated value of the home located at 3 Erman Lane is $356,633.
What are some comparable homes to 3 Erman Lane?
There are currently no comparable homes to 3 Erman Lane.
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