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Herkimer 13340
474 Center Road
$90,000
● House - Off Market

474 Center Road

Frankfort, NY 13340
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,494 Ft²
$105,192
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Renovations have been started , owner is unable to finish, building materials will be left for the new owner. Major items have been completed, roof, hot water tank and furnace are all one year old, kitchen and bathrooms have been remodeled, unfinished trim work needed throughout, upstairs hall needs finishing. Opportunity to make this home your own!
Unit Size
1,494 Ft²
Days on Market
104 days
Land Size
0.34 acres
Price per sqft
$67
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1910

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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: 6 months ago (NYSAMLS #S1374364)

Price History

Date / Event Date Event Price
Feb 7, 2022 Sold
Premium
Sold
Oct 22, 2021 Listed by COLDWELL BANKER PRIME PROPERTIES $99,900
Listed by COLDWELL BANKER PRIME PROPERTIES
Aug 3, 1994 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1950
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • 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: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,805
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 1,410
  • Total Building Area: 1,494
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,494
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000339
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N R1 & GAR CENTER RD

Neighborhood

  • School District Name: Frankfort-Schuyler Central School District
  • School Tax School District: FRANKFORT-SCHUY
  • Census Tract: 010202

Zoning

  • Zoning: R

Geography

  • Account Number: 010005010
  • District: 212689
  • Section: 111.02
  • Parcel: 212689 111.2-2-57
  • Block: 2
  • Lot: 57.000
  • Municipality: FRANKFORT (TOV)
  • Latitude: 43.0515
  • Longitude: -75.1445

    Address

  • Full Address: 474 Center Rd
  • Address - House Number: 474
  • Address - Street Name: Center
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Frankfort
  • Carrier Code: R252
  • 4-Digit Zip Code: 4602
  • Zip Code: 13340

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $131,612
  • Tax Rate Code Area: 212602

    Appraisal Valuation

  • Standard Deviation: 0.1492
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 140,038
  • High Value: 160,939
  • Low Value: 119,136

    Market Valuation

  • Market Total Value: $137,255
  • Market Land Value: $20,392
  • Market Improvement Value: $116,863

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,000
  • Assessed Land Value: $10,400
  • Assessed Improvements Value: $59,600

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-654
  • Previous Sale Recording Date: Aug 03, 1994
  • Previous Sale Contract Date: Aug 02, 1994
  • Previous Sale Amount: $45,600
  • Previous Sale Document Type: 44
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 Herkimer

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$116

Below Asking

0.04%

Average Days on Market

89

Average Home Size

1969 ft²

Average Home Age

90.3 years

Currently For Sale

189 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: 6 months ago
Data Source: NYSAMLSs, MLS# S1374364

Frequently Asked Questions

When was property at 474 Center Road built and last sold?
The property at 474 Center Road was built in 1910 and last sold on Feb 3, 2022 for $90,000.
How much is this home worth?
The estimated value of the home located at 474 Center Road is $107,498.
What are some comparable homes to 474 Center Road?
There are currently no comparable homes to 474 Center Road.
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