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Schoharie
393 LANG Road
$95,000
● House - Off Market

393 LANG Road

Summit, NY 12175
bedrooms
1 Bed
bathrooms
1 Bath
$106,935
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Looking for al little spot off the beaten path!  It's perched in a pretty wooded area surrounded by 5 acres, not far from adorable downtown Cobleskill. This rustic cabin in the woods is perfect as a hunting camp or retirement property. House needs maintenance and finishing work. Being sold "as is", but the perfect way to make it your own. Fair Condition, Unfinished Condition
Unit Size
-
Days on Market
-
Land Size
5.35 acres
Price per sqft
-
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
2000

Payment Calculator

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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: 3 years ago (Global MLS #202126887)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Nov 8, 2021 Sold
Premium
Sold
Aug 23, 2021 Listed by Coldwell Banker Prime Prop $95,900
Listed by Coldwell Banker Prime Prop

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 233,046
  • Lot Size Frontage Feet: 4,704
  • Total Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005350
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Middleburgh Central School District
  • School Tax School District: MIDDLEBURGH
  • Census Tract: 740500

Zoning

  • Zoning: 01 - NOT Z

Geography

  • Account Number: 545J184014
  • District: 434800
  • Section: 112.00
  • Parcel: 434800 112.-5-21
  • Block: 5
  • Lot: 21.000
  • Municipality: SUMMIT
  • Latitude: 42.5735
  • Longitude: -74.5544

    Address

  • Full Address: 393 Lang Rd
  • Address - House Number: 393
  • Address - Street Name: Lang
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Summit
  • Carrier Code: H002
  • 4-Digit Zip Code: 1933
  • Zip Code: 12175

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $285,412
  • Tax Rate Code Area: 433801

    Appraisal Valuation

  • Standard Deviation: 0.4558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 594,330
  • High Value: 865,270
  • Low Value: 323,389

    Market Valuation

  • Market Total Value: $100,351
  • Market Land Value: $32,515
  • Market Improvement Value: $67,836

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,900
  • Assessed Land Value: $13,900
  • Assessed Improvements Value: $29,000

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 802543
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 Schoharie

Stats & Trends

Median Asking:

$279,950

Sale Price/ft²

$171

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2064 ft²

Average Home Age

83.2 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: Karen A Wheeler
Coldwell Banker Prime Prop
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202126887
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 393 Lang Road built and last sold?
The property at 393 Lang Road was built in 2000 and last sold on Nov 4, 2021 for $95,000.
How much is this home worth?
The estimated value of the home located at 393 Lang Road is $0.
What are some comparable homes to 393 Lang Road?
There are currently no comparable homes to 393 Lang Road.
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