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Greene
465 MORRISON Road
$225,000
● House - Off Market

465 MORRISON Road

Durham, NY 12413
bedrooms
4 Beds
bathrooms
1 Bath
$380,293
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

What a property! The main house has 4 bed rooms+2 other rooms, wide plank flooring upstairs (may be on the first floor under carpet and linoleum), a fireplace with heatilator in the living room and lots of original detailing. Plus the attic has foam insulation on the ceiling. There is a newer barn, and older carriage house, a maple sugaring house (huge amount of maple trees behind) and a game house with bar, 3/4 bath, booths and wood floors.  All the properties have newer metal roofs (house has a standing seam metal roof).  There is a small pond and beautiful gardens.  All this on a quiet country road with property on both sides (17 acres with carriage house and 30 acres with the house).  The house has two different heating systems.  It can be heated with oil or coal or wood. Good Condition
Unit Size
-
Days on Market
-
Land Size
47.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$485
HOA Dues
-
Year Built
1900

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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 #201925733)

Price History

Date / Event Date Event Price
Dec 30, 2019 Sold
Premium
Sold
Nov 15, 2019 Sold
Premium
Sold
Jul 17, 2019 Listed by Living Structures $260,000
Listed by Living Structures
Sep 13, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,319,868
  • Total Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000030300
  • Standard Land Use Code: 1008
  • County Land Use Code: 240
  • Legal Description 1: NASCIMBENI SUB LOT 3

Neighborhood

  • School District Name: Cairo-Durham Central School District
  • School Tax School District: CAIRO-DURHAM
  • Census Tract: 080502

Zoning

  • Zoning: 01 - NOT Z

Geography

  • District: 193000
  • Section: 64.00
  • Parcel: 193000 64.00-3-12
  • Block: 3
  • Lot: 12.000
  • Municipality: DURHAM
  • Latitude: 42.341
  • Longitude: -74.0983

    Address

  • Full Address: 465 Morrison Rd
  • Address - House Number: 465
  • Address - Street Name: Morrison
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Cairo
  • Zip Code: 12413

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $723,579
  • Tax Rate Code Area: 192401

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 60
  • Final Value: 421,723
  • High Value: 537,460
  • Low Value: 305,986

    Market Valuation

  • Market Total Value: $417,400
  • Market Land Value: $104,641
  • Market Improvement Value: $312,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,500
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $134,500

    Sales

  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 13, 2002
  • Previous Sale Contract Date: Sep 13, 2002
  • Previous Sale Amount: $100,000
  • 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 Greene

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

87

Average Home Size

2378 ft²

Average Home Age

69.2 years

Currently For Sale

172 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

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Global MLS

Listed by: Claudia E Zucker
Living Structures
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 201925733
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 465 Morrison Road built and last sold?
The property at 465 Morrison Road was built in 1900 and last sold on Jan 1, 1970 for $245,000.
How much is this home worth?
The estimated value of the home located at 465 Morrison Road is $0.
What are some comparable homes to 465 Morrison Road?
There are currently no comparable homes to 465 Morrison Road.
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