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Montgomery
363 State Highway 162
$159,000
● House - Off Market

363 State Highway 162

Root, NY 12166
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$1,063
Est. Monthly
10.30%
Cap Rate

About This Property

This charming ranch-style home on .74 acres offers 2 bedrooms, 1 1/2 baths, and a full basement. Enjoy a spacious 1034 sq. ft. layout with an open layout, updated fixtures, and premium window treatments. The large wrap-around deck and patio are perfect for outdoor relaxation. The property includes a 2-car garage with additional shed storage with animal stall, ideal for various uses. Recent upgrades include a new roof, serviced furnace, cleaned pellet stove, and a reverse osmosis water system. Located in the Canajoharie School District, this home combines tranquility and convenience.
Unit Size
-
Days on Market
-
Land Size
0.74 acres
Price per sqft
-
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1940

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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 #202420634)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Aug 16, 2024 In contract -
In contract
Jul 26, 2024 Relisted $159,900
Relisted
Jul 15, 2024 In contract -
In contract
Jul 2, 2024 Listed by Inglenook Realty Inc $159,900
Listed by Inglenook Realty Inc
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • 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: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Lot Size Depth Feet: 1,337
  • Lot Size Frontage Feet: 2,490
  • Total Building Area: 918
  • Building Area: 918
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 918
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Canajoharie Central School District
  • School Tax School District: CANAJOHARIE CSD
  • Census Tract: 072700

Zoning

  • Zoning: NONE

Geography

  • Account Number: 0492
  • District: 273600
  • Section: 80.00
  • Parcel: 273600 80.-3-6
  • Block: 3
  • Lot: 6.000
  • Municipality: ROOT
  • Latitude: 42.8809
  • Longitude: -74.5028

    Address

  • Full Address: 363 State Highway 162
  • Address - House Number: 363
  • Address - Street Name: State Highway 162
  • State: NY
  • City Name: Sprakers
  • Carrier Code: R002
  • 4-Digit Zip Code: 5007
  • Zip Code: 12166

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $321,103
  • Tax Rate Code Area: 272201

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 69,881
  • High Value: 79,342
  • Low Value: 60,419

    Market Valuation

  • Market Total Value: $121,324
  • Market Land Value: $16,471
  • Market Improvement Value: $104,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,500
  • Assessed Land Value: $11,200
  • Assessed Improvements Value: $71,300

    Sales

  • Current Sale Contract Date: Aug 01, 2019
  • Current Sale Recording Date: Aug 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 16, 2014
  • Previous Sale Contract Date: Dec 05, 2014
  • Previous Sale Amount: $68,900
  • 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 Montgomery

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$126

Below Asking

0.03%

Average Days on Market

77

Average Home Size

2087 ft²

Average Home Age

248.3 years

Currently For Sale

142 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

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Robert Gordon
Inglenook Realty Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202420634
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 363 State Rte 162 built and last sold?
The property at 363 State Rte 162 was built in 1940 and last sold on Aug 1, 2019 for $83,000.
How much is this home worth?
The estimated value of the home located at 363 State Rte 162 is $161,499.
What are some comparable homes to 363 State Rte 162?
There are currently no comparable homes to 363 State Rte 162.
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