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Ticonderoga
41 Outlet Drive
$560,000
● House - Off Market

41 Outlet Drive

Ticonderoga, NY 12883
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
980 Ft²
$3,740
Est. Monthly
3.23%
Cap Rate

About This Property

Great weekend getaway on quiet Lake George bay. Turnkey rental/AirBNB opportunity (positive cash flow) with private boathouse/dock on 101.70 feet of lakefront. Fully renovated rustic cabin-style lakefront property, insulated and heated with propane fireplace & electric heaters in each bedroom. New electric, plumbing (pecks), appliances, and roof. Detached storage/utility shed and portico for RV/Boat storage. Earthen ramp for small craft/jetski launch. .37 acre lot.
Unit Size
980 Ft²
Days on Market
283 days
Land Size
0.40 acres
Price per sqft
$662
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1969

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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 #202412923)

Price History

Date / Event Date Event Price
Dec 12, 2024 Sold
Premium
Sold
Sep 4, 2024 In contract -
In contract
Jul 28, 2024 Price Decreased $649,000
↓ $50K (7.2%)
Price Decreased
Mar 4, 2024 Listed by Karten Real Estate Services LLC $699,000
Listed by Karten Real Estate Services LLC

Property Highlights

Parking Available
Garage
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2010
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 5
  • 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: 1
  • Garage Square Area: 448
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 987
  • Gross Building Area: 987
  • Building Area: 987
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 987
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Ticonderoga Central School District
  • School Tax School District: TICONDEROGA
  • Census Tract: 961201

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 715J100115
  • District: 154800
  • Section: 150.67
  • Parcel: 154800 150.67-4-28.000
  • Block: 4
  • Lot: 28.000
  • Municipality: TICONDEROGA
  • Latitude: 43.8331
  • Longitude: -73.4279

    Address

  • Full Address: 41 Outlet Dr
  • Address - House Number: 41
  • Address - Street Name: Outlet
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Ticonderoga
  • Carrier Code: R001
  • 4-Digit Zip Code: 2537
  • Zip Code: 12883

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $675,969
  • Tax Rate Code Area: 154801

    Appraisal Valuation

  • Standard Deviation: 0.1437
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 59
  • Final Value: 484,945
  • High Value: 622,943
  • Low Value: 346,947

    Market Valuation

  • Market Total Value: $361,600
  • Market Land Value: $282,177
  • Market Improvement Value: $79,423

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,600
  • Assessed Land Value: $245,500
  • Assessed Improvements Value: $69,100
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 Ticonderoga

Stats & Trends

Median Asking:

$194,900

Sale Price/ft²

$145

Below Asking

0.05%

Average Days on Market

87

Average Home Size

2004 ft²

Average Home Age

84.1 years

Currently For Sale

24 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: Mark Karten
Karten Real Estate Services LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202412923
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 41 Outlet Drive built and last sold?
The property at 41 Outlet Drive was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 41 Outlet Drive is $628,996.
What are some comparable homes to 41 Outlet Drive?
There are currently no comparable homes to 41 Outlet Drive.
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