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Delaware 12406
42377 State Highway 28
$449,000
House - For Sale

42377 State Highway 28

Middletown, NY 12455
bedrooms
Studio
bathrooms
0 Bath
$2,205
Estimated Monthly
$0
HOA / Fees

About This Property

Welcome to Margaretville. This Mixed-Use property houses the Legendary The Inn Between Restaurant as well as 2 residential units. Highly visible on the main route, backs up to the shores of East Branch Delaware River, within miles of Four of New York Major Ski Resorts and beautiful Catskill Mountains. This is the place to be-Classic Family Restaurant with a strong local clientele as well as a popular spot for second homeowners and travelers alike-it is in the heart of all the recreational activities the area has to offer. There is a quaint bar and seating area, as well as restaurant and deck over-looking the river for dining. The restaurant is operating profitably and ready to walk-in and start making money right away. Also, the building has 2 upstairs apartments for living and/or additional income.
Unit Size
-
Days on Market
105 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
Listed By
Mohammed Sayem
Mohammed Sayem
Century 21 Dawns Gold Realty
Abraham Mathew
Abraham Mathew
Century 21 Dawns Gold Realty
Last updated: 4 months ago (OneKey MLS #ONEH6284423)

Price History

Date / Event Date Event Price
Jan 17, 2024 Listed by Century 21 Dawns Gold Realty $449,000
Listed by Century 21 Dawns Gold Realty
Dec 1, 2023 No longer available -
No longer available
Aug 10, 2023 Price Decreased $449,000
↓ $40K (8.2%)
Price Decreased
Jul 13, 2023 Listed by Keller Williams Upstate NY Properties $489,000
Listed by Keller Williams Upstate NY Properties
RESIDENTIAL APARTMENTS WITH RESTAURANT: The perfect set up for an entrepreneur looking to acquire rental income, and/or to use as a residence while he(she) runs the restaurant downstairs. The property includes (2) 2-bedroom rental apartments (with a large high-ceilinged attic area if they wished to expand the residential units), and a tap room, restaurant and outdoor seating area downstairs overlooking the East Branch of the Delaware River. Located on Rt 28, a main artery for tourists…
Jun 7, 2023 Listed by Keller Williams Upstate New York Properties $489,000
Listed by Keller Williams Upstate New York Properties
The manager has listed the unit size as 3672 square feet.
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Property Highlights

Air Conditioning
Interior Details

Interior Information

Appliances: Dishwasher
Exterior Details

Property Information

Square Footage : 5256
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1946

Building Information

Building Area Units: Square Feet
Construction Methods: Frame

Land Information

Water Source: Well
Water Source: Electric Stand Alone

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 1,584
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 3,672
  • Gross Building Area: 3,672
  • Building Area: 3,672
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 0.49
  • Standard Land Use Code: Restaurant
  • Legal Description 1: UNALLOTTED GORE GL#7 GIANNONE MARION

Ownership

  • Current Owner : BRADY DOUGLAS J
  • Previous Owner : GIANNONE MARION
  • Owner Generation Identifier: SR

Neighborhood

  • School District Name: Margaretville Central School District
  • School Tax School District: MARGARETVILLE
  • Census Tract: 971200

Zoning

  • Zoning: BC

Geography

  • Account Number: 07811927801
  • District: 124689
  • Section: 306.08
  • Parcel: 124689 306.8-1-7.2
  • Block: 1
  • Lot: 7.200
  • Municipality: MIDDLETOWN (TOV)
  • Latitude: 42.1467
  • Longitude: -74.6372

    Address

  • Full Address: 42377 State Highway 28
  • Address - House Number: 42377
  • Address - Street Name: State Highway 28
  • State: NY
  • City Name: Margaretville
  • Carrier Code: H003
  • 4-Digit Zip Code: 2836
  • Zip Code: 12455

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,574
  • Tax Rate Code Area: 124601

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $223,000
  • First Open Lien Mortgage Lender: CATSKILL WATERSHED CORP
  • First Open Lien Mortgage Recording Date: Oct 08, 2010
  • First Open Lien Mortgage Loan Amount: $213,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 08, 2040
  • Second Open Lien Mortgage Lender: DELAWARE COUNTY DEPT SOCIAL SE
  • Second Open Lien Mortgage Recording Date: Apr 08, 2012
  • Second Open Lien Mortgage Loan Amount: $10,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Apr 08, 2042

    Market Valuation

  • Market Total Value: $338,900
  • Market Land Value: $76,512
  • Market Improvement Value: $262,388

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,200
  • Assessed Land Value: $53,100
  • Assessed Improvements Value: $182,100

    Sales

  • Current Sale Contract Date: Feb 12, 2003
  • Current Sale Recording Date: Feb 18, 2003
  • Current Sale Transaction ID: 1103532687
  • Current Sale Price: $235,000
  • Current Sale Document Type: Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Delaware


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Frequently Asked Questions

When was property at 42377 State Route 28 built and last sold?
The property at 42377 State Route 28 was built in 1950 and last sold on Feb 12, 2003 for $235,000.
How much is this home worth?
The estimated value of the home located at 42377 State Route 28 is $453,490.
What are some comparable homes to 42377 State Route 28?
There are currently no comparable homes to 42377 State Route 28.

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