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Saratoga 12828
37 Michael Road
$530,000
● House - Off Market

37 Michael Road

Moreau, NY 12828
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,566 Ft²
$2,837
Est. Monthly
17.09%
Cap Rate

About This Property

Welcome to this spacious 5-bedroom, 3.5-bath home nestled in one of Moreau's most desirable neighborhoods within the South Glens Falls School District. This beautifully maintained property features fresh, modern paint throughout, a welcoming front porch, and a bright, functional layout ideal for everyday living and entertaining. Step outside to your private backyard oasis complete with a stunning inground pool and plush, meticulously landscaped grounds - perfect for summer fun and relaxation. Additional highlights include a 2-car garage, and large separate shed, finished basement, ample living space, and great curb appeal. A rare opportunity to own a move-in ready home in a fantastic location!
Unit Size
2,566 Ft²
Days on Market
66 days
Land Size
1.03 acres
Price per sqft
$195
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1985

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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 #202519579)

Price History

Date / Event Date Event Price
Aug 19, 2025 Sold
Premium
Sold
Jun 17, 2025 In contract -
In contract
Jun 13, 2025 Listed by eXp Realty $499,900
Listed by eXp Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 17
  • 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: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 44,867
  • Lot Size Frontage Feet: 1,787
  • Total Building Area: 2,566
  • Building Area: 2,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,566
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 19

Neighborhood

  • School District Name: South Glens Falls Central School District
  • School Tax School District: SOUTH GLENS FAL
  • Census Tract: 060104

Zoning

  • Zoning: R2

Geography

  • District: 414489
  • Section: 77.07
  • Parcel: 414489 77.7-1-4
  • Block: 1
  • Lot: 4.000
  • Municipality: MOREAU (TOV)
  • Latitude: 43.246
  • Longitude: -73.663

    Address

  • Full Address: 37 Michael Rd
  • Address - House Number: 37
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Fort Edward
  • Carrier Code: R003
  • 4-Digit Zip Code: 9203
  • Zip Code: 12828

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,129
  • Tax Rate Code Area: 414401

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 472,770
  • High Value: 566,993
  • Low Value: 378,547

    Market Valuation

  • Market Total Value: $334,000
  • Market Land Value: $55,000
  • Market Improvement Value: $279,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,000
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $279,000

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Saratoga

Stats & Trends

Median Asking:

$472,450

Sale Price/ft²

$259

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3397 ft²

Average Home Age

74.9 years

Currently For Sale

900 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: Angela Cugini-Girard
eXp Realty
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202519579
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 37 Michael Road built and last sold?
The property at 37 Michael Road was built in 1985 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 37 Michael Road is $0.
What are some comparable homes to 37 Michael Road?
There are currently no comparable homes to 37 Michael Road.
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