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Broome 13901
30 Hoffman Drive
$250,000
● House - Off Market

30 Hoffman Drive

Binghamton, NY 13901
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,240 Ft²
$239,245
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Walking Distance to Chenango Forks School! Colonial home sits on an oversized corner lot that's over half an acre! Inground swimming pool and large deck are ready for your summer parties! 4 beds and 2.5 baths, screened in porch basketball court. Hardwood floors throughout. This will not last in this neighborhood.
Unit Size
2,240 Ft²
Days on Market
58 days
Land Size
-
Price per sqft
$107
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1963

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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 (GBMLS #321215)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
May 14, 2023 In contract -
In contract
May 9, 2023 Listed by REALTY SOLUTIONS GROUP $239,900
Listed by REALTY SOLUTIONS GROUP
Aug 30, 2007 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Frontage Feet: 996
  • Total Building Area: 1,904
  • Building Area: 1,904
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,904
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 006000002200B16A0000

Neighborhood

  • School District Name: Chenango Forks Central School District
  • School Tax School District: CHENANGO FORKS
  • Census Tract: 012101

Geography

  • Account Number: 24321300000
  • District: 032400
  • Section: 95.08
  • Parcel: 032400 095.08-3-1
  • Block: 3
  • Lot: 1.000
  • Municipality: CHENANGO
  • Latitude: 42.1913
  • Longitude: -75.8472

    Address

  • Full Address: 30 Hoffman Dr
  • Address - House Number: 30
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Binghamton
  • Carrier Code: R003
  • 4-Digit Zip Code: 5730
  • Zip Code: 13901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $652,389
  • Tax Rate Code Area: 32001

    Appraisal Valuation

  • Standard Deviation: 0.2664
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 62
  • Final Value: 255,959
  • High Value: 324,149
  • Low Value: 187,769

    Market Valuation

  • Market Total Value: $246,850
  • Market Land Value: $30,118
  • Market Improvement Value: $216,732

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,400
  • Assessed Land Value: $15,300
  • Assessed Improvements Value: $110,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14524
  • Previous Sale Recording Date: Aug 30, 2007
  • Previous Sale Contract Date: Aug 28, 2007
  • Previous Sale Amount: $198,000
  • 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 Broome

Stats & Trends

Median Asking:

$199,900

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

68

Average Home Size

2700 ft²

Average Home Age

89.8 years

Currently For Sale

760 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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GBMLS

Listed by: Kerry Springer
REALTY SOLUTIONS GROUP
Last Updated: 4 months ago
Data Source: GBMLS , MLS# 321215

Frequently Asked Questions

When was property at 30 Hoffman Drive built and last sold?
The property at 30 Hoffman Drive was built in 1963 and last sold on Jun 30, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 30 Hoffman Drive is $243,555.
What are some comparable homes to 30 Hoffman Drive?
There are currently no comparable homes to 30 Hoffman Drive.
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