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Lake Luzerne
3 LYNCH Drive
$120,000
● House - Off Market

3 LYNCH Drive

Lake Luzerne, NY 12846
bedrooms
3 Beds
bathrooms
1 Bath
$170,989
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Lake Luzerne 3 bedroom 1 bath Ranch home on a corner parcel. Open floor concept-kitchen, dining, living room with floor to ceiling brick fireplace, spacious screened porch off of the kitchen. Mudroom with laundry. Includes vacant adjacent lot on Lake Ave. 2 min drive to Wayside Beach on Lake Luzerne!
Unit Size
-
Days on Market
-
Land Size
0.58 acres
Price per sqft
-
Property Type
House
Property Taxes
-
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: 2 years ago (Global MLS #202014270)

Price History

Date / Event Date Event Price
Dec 22, 2020 Sold
Premium
Sold
Nov 6, 2020 Sold
Premium
Sold
Mar 6, 2020 Listed by Hunt ERA $129,000
Listed by Hunt ERA

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,278
  • Building Area: 1,278
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,278
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: RES. 25.-2-2

Neighborhood

  • School District Name: Hadley-Luzerne Central School District
  • School Tax School District: HADLEY-LUZERNE
  • Census Tract: 071000

Zoning

  • Zoning: HR

Geography

  • District: 523200
  • Section: 298.07
  • Parcel: 523200 298.7-1-19
  • Block: 1
  • Lot: 19.000
  • Municipality: LAKE LUZERNE
  • Latitude: 43.3332
  • Longitude: -73.8399

    Address

  • Full Address: 3 Lynch Dr
  • Address - House Number: 3
  • Address - Street Name: Lynch
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Lake Luzerne
  • Carrier Code: R002
  • 4-Digit Zip Code: 2923
  • Zip Code: 12846

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $184,108
  • Tax Rate Code Area: 523201

    Appraisal Valuation

  • Standard Deviation: 0.1417
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 170,350
  • High Value: 194,501
  • Low Value: 146,198

    Market Valuation

  • Market Total Value: $129,700
  • Market Land Value: $40,531
  • Market Improvement Value: $89,169

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,000
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $66,000

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-8822
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 Lake Luzerne

Stats & Trends

Median Asking:

$284,950

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

70

Average Home Size

1447 ft²

Average Home Age

68.1 years

Currently For Sale

14 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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Global MLS

Listed by: Christine McKee
Hunt ERA
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202014270
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 3 Lynch Drive built and last sold?
The property at 3 Lynch Drive was built in 1960 and last sold on Nov 2, 2020 for $124,700.
How much is this home worth?
The estimated value of the home located at 3 Lynch Drive is $0.
What are some comparable homes to 3 Lynch Drive?
There are currently no comparable homes to 3 Lynch Drive.
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