Otsego
3741 State Highway 51
18
Map
$119,900
●
House -
For Sale
3741 State Highway 51
New Lisbon, NY 13415
2 Beds
2 Baths
1,060 Ft²
$781
Est. Monthly
About This Property
This quaint 1060 sq. ft. farmhouse has the potential of a charming
cottage home with its exposed beams and an open floor plan. Its 6'
x 20' covered porch is ideal for seating in rocking chairs to take
in the country views. This property also features a 1-1/2 story,
20' x 24' barn and a 20' x 24' equipment shed. This property has
undergone multiple changes, which include a septic tank, a rebuilt
staircase to the second floor, and the removal of an old garage.
This home is conveniently located between Cooperstown, Oneonta, and
Adventure Bound Campground-Resort. This home is tenant-occupied. A
48-hour notice to show is preferred.
Unit Size
1,060 Ft²
Days on Market
293 days
Land Size
0.86 acres
Price per sqft
$113
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1900
Listed By
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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: 10 months ago (NYSAMLS #R1658337)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2026 | Listed by Keller Williams Upstate NY Properties | $119,900 | |
| Listed by Keller Williams Upstate NY Properties | |||
| May 21, 2025 | Price Increased |
$119,900
↑ $20K
(20%) | |
| Price Increased | |||
| Dec 31, 2024 | Listed | $99,900 | |
| Listed | |||
| | |||
|
A 1-1/2-story, 20x24 barn and a 20x24 equipment shed offer multiple possibilities to this quaint property. The 1060 sqft home features exposed beams, an open floor plan, a kitchen island, two second-floor bedrooms, and two bathrooms. The 6x20 covered porch is longing for rocking chairs for sitting and relaxing while taking in the country views. Whether you're year-round living or a seasonal guest, you may find this location convenient to the Adventure Bound Campground-Resort and equally distant from Cooperstown and Oneonta. Recent updates to this home include a rebuilt staircase, a new septic system, and the removal of an unsafe garage. The camper on site does not convey. A deeded ROW to the adjacent property exists, which the seller has investigated for relocation.
| |||
| Apr 8, 2021 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Details
Parking Features: No Garage, Shared Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Kitchen Island, GreatRoom, CountryKitchen
Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Flooring Type: Carpet, Hardwood, Laminate, Varies, Vinyl
Rooms: 7
Basement: Partial, Sump Pump
Exterior Details
Square Footage: 1060
Property Condition: Resale
Architectural Style: Farmhouse, HistoricAntique
Year Built: 1955
Building Area Total: 1060
Other Structures: Barn(s), Outbuilding
Construction Materials: Frame
Patio and Porch Features: Covered, Deck, Porch
Lot Features: Agricultural, Rectangular Lot, Rectangular
Lot Size Area: 0.86
Lot Size Units: Acres
Lot Size Acres: 0.86
Lot Size Square Feet: 39852
Lot Size Dimensions: 240X162
Tax Lot: 21
Water Source: Well
Financial Details
Tax Assessed Value: $50,600
Tax Annual Amount: $2,302
Utilities Details
Heating Type: Oil, Forced Air
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017