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Orange 10988
341 Lower Road
$350,000
● Land - Off Market

341 Lower Road

Minisink, NY 10998
bedrooms
Studio
bathrooms
0 Bath
$360,315
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

65.7 acres of sub-dividable land.  Excellent land for hunting, hiking, horse riding, exploring on your quad and more.  Could be one incredible parcel for one lucky owner or subdivide for an increased return.  This land has been engineered for various layouts (Subdivision was abandoned however could likely be reinstated. Maps and engineering are available for buyer. Land is not being sold subject to approval).  2 test wells have been drilled, 3 lots have been sketched with access via Lower road and an additional subdivision could easily be built with access via Shefflers Rd.  Amazing views from the top of the property overlooking Minisink & Vernon.
Unit Size
-
Days on Market
-
Land Size
65.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$327
HOA Dues
-
Year Built
-

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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: 6 months ago (OneKey MLS #KEYH6159999)

Price History

Date / Event Date Event Price
Mar 25, 2022 Sold
Premium
Sold
Jan 4, 2022 Listed by Green Team New York Realty $349,900
Listed by Green Team New York Realty
Jan 2, 2022 No longer available -
No longer available
Jun 30, 2021 Price Decreased $349,900
↓ $100 (0%)
Price Decreased
Feb 1, 2021 Relisted $350,000
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 22

    Dimensions

  • Lot Size Square Feet: 2,861,892
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000065700
  • Standard Land Use Code: 8001
  • County Land Use Code: 322

Neighborhood

  • School District Name: Minisink Valley Central School District
  • School Tax School District: MINISINK VALLEY
  • Census Tract: 011702

Zoning

  • Zoning: AR

Geography

  • District: 333889
  • Section: 13.00
  • Parcel: 333889 13-4-40.21
  • Block: 4
  • Lot: 40.210
  • Municipality: MINISINK
  • Latitude: 41.3065
  • Longitude: -74.5324

    Address

  • Full Address: 341 Lower Rd
  • Address - House Number: 341
  • Address - Street Name: Lower
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Westtown
  • Carrier Code: R002
  • 4-Digit Zip Code: 4112
  • Zip Code: 10998

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396,926
  • Tax Rate Code Area: 333801

    Market Valuation

  • Market Total Value: $189,800
  • Market Land Value: $189,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,600
  • Assessed Land Value: $62,600

    Sales

  • Current Sale Contract Date: Mar 07, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20220022767
  • Previous Sale Recording Date: Mar 25, 2022
  • Previous Sale Contract Date: Mar 07, 2022
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 26
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 Orange

Stats & Trends

Median Asking:

$489,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2146 ft²

Average Home Age

61.2 years

Currently For Sale

1245 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 776 Route 284, Westtown, NY, 10998

$1,400 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
776 Route 284, Westtown, NY, 10998 Listing by Nancy E. LaBarbera
Unit for rent at 780 Route 284, Westtown, NY, 10998

$1,700 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
780 Route 284 #2, Westtown, NY, 10998 Listing by Dean Diltz

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 341 Lower Road built and last sold?
The property at 341 Lower Road was built in and last sold on Mar 7, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 341 Lower Road is $353,399.
What are some comparable homes to 341 Lower Road?
There are currently no comparable homes to 341 Lower Road.
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