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Cortland West 13045
431 Surrey Drive
$238,500
● House - Off Market

431 Surrey Drive

Cortlandville, NY 13045
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,972 Ft²
$419,779
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Beautiful newly remodeled colonial with hilltop views!  New hardwood floors and crown molding throughout.  Brand new kitchen with custom cabinets, Quartz countertops with marble backsplash and stainless steel appliances.  Updated bathrooms with custom walk-in shower in master bath. Average monthly utility payment is $160. New windows and roof. Sliding glass door to the patio to enjoy the scenic setting. Safe and quiet cul de sac. Easy commute to Ithaca and Syracuse.
Unit Size
1,972 Ft²
Days on Market
161 days
Land Size
0.82 acres
Price per sqft
$127
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (NYSAMLS #S357139)

Price History

Date / Event Date Event Price
Dec 7, 2016 Sold
Premium
Sold
Jun 28, 2016 Listed by Realmart Realty LLC $249,500
Listed by Realmart Realty LLC
Jun 30, 2014 Sold
Premium
Sold
Apr 28, 2014 Listed by Realmart Realty LLC $197,500
Listed by Realmart Realty LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 490
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,868
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,593
  • Total Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,972
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000731
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Dryden Central School District
  • School Tax School District: 502401.0
  • Census Tract: 971000

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 112289
  • Section: 95.13
  • Parcel: 112289 95.13-01-01.000
  • Block: 1
  • Lot: 1.000
  • Municipality: CORTLANDVILLE (TOV)
  • Latitude: 42.5774
  • Longitude: -76.247

    Address

  • Full Address: 431 Surrey Dr
  • Address - House Number: 431
  • Address - Street Name: Surrey
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Cortland
  • Carrier Code: R003
  • 4-Digit Zip Code: 9381
  • Zip Code: 13045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510,261
  • Tax Rate Code Area: 502401

    Appraisal Valuation

  • Standard Deviation: 0.4581
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 8
  • Final Value: 604,858
  • High Value: 881,984
  • Low Value: 327,731

    Market Valuation

  • Market Total Value: $274,714
  • Market Land Value: $42,571
  • Market Improvement Value: $232,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,300
  • Assessed Land Value: $29,800
  • Assessed Improvements Value: $162,500

    Sales

  • Current Sale Contract Date: Dec 06, 2016
  • Current Sale Recording Date: Dec 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-06559
  • Previous Sale Recording Date: Jun 30, 2014
  • Previous Sale Contract Date: Jun 27, 2014
  • Previous Sale Amount: $197,500
  • Previous Sale Document Type: 71
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 Cortland West

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$165

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1725 ft²

Average Home Age

67 years

Currently For Sale

2 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

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NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# S357139

Frequently Asked Questions

When was property at 431 Surrey Drive built and last sold?
The property at 431 Surrey Drive was built in 1967 and last sold on Dec 6, 2016 for $235,000.
How much is this home worth?
The estimated value of the home located at 431 Surrey Drive is $257,825.
What are some comparable homes to 431 Surrey Drive?
There are currently no comparable homes to 431 Surrey Drive.
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