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Schoharie
412 Flat Creek Road
$84,000
● House - Off Market

412 Flat Creek Road

Gilboa, NY 12076
bedrooms
2 Beds
bathrooms
1 Bath
$78,706
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Introducing a splendid opportunity to buy a house nestled in the picturesque area of Gilboa, on the Platter Kill Creek. This property, is in need of some tender loving care (TLC), presents an exciting opportunity for those seeking a project to transform a diamond in the rough into their dream home. Alongside the main house, an additional building awaits completion, offering the potential for extra living space or a versatile area for various purposes. With a little imagination and effort, this property holds the promise of becoming a truly remarkable and personalized haven. Don't miss the chance to make this house your own and unlock its hidden potential in this serene and idyllic location.
Unit Size
-
Days on Market
-
Land Size
1.80 acres
Price per sqft
-
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1950

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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 #202322448)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Aug 23, 2023 In contract -
In contract
Aug 9, 2023 Listed by Brass Tacs Real Estate Company $79,000
Listed by Brass Tacs Real Estate Company
Jan 30, 2001 Sold
Premium
Sold
Dec 10, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 78,408
  • Lot Size Frontage Feet: 2,900
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001800
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Gilboa-Conesville Central School District
  • School Tax School District: GILBOA-CONESVIL
  • Census Tract: 740800

Zoning

  • Zoning: 01 - NOT Z

Geography

  • Account Number: 475J100631
  • District: 433400
  • Section: 201.00
  • Parcel: 433400 201.-3-6
  • Block: 3
  • Lot: 6.000
  • Municipality: GILBOA
  • Latitude: 42.4102
  • Longitude: -74.4281

    Address

  • Full Address: 412 Flat Creek Rd
  • Address - House Number: 412
  • Address - Street Name: Flat Creek
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Gilboa
  • Carrier Code: R001
  • 4-Digit Zip Code: 2110
  • Zip Code: 12076

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $146,639
  • Tax Rate Code Area: 433401

    Appraisal Valuation

  • Standard Deviation: 0.132
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 73,810
  • High Value: 83,554
  • Low Value: 64,066

    Market Valuation

  • Market Total Value: $73,171
  • Market Land Value: $12,195
  • Market Improvement Value: $60,976

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,200
  • Assessed Land Value: $200
  • Assessed Improvements Value: $1,000

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 823095
  • Previous Sale Recording Date: Jan 30, 2001
  • Previous Sale Contract Date: Dec 29, 2000
  • Previous Sale Amount: $20,000
  • 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 Schoharie

Stats & Trends

Median Asking:

$280,000

Sale Price/ft²

$170

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2055 ft²

Average Home Age

82.9 years

Currently For Sale

140 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: Heidi Rotter
Brass Tacs Real Estate Company
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202322448
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 412 Flat Creek Road built and last sold?
The property at 412 Flat Creek Road was built in 1950 and last sold on Oct 12, 2023 for $84,000.
How much is this home worth?
The estimated value of the home located at 412 Flat Creek Road is $79,790.
What are some comparable homes to 412 Flat Creek Road?
There are currently no comparable homes to 412 Flat Creek Road.
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