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Sullivan
48 Schumway Road
$205,000
● House - Off Market

48 Schumway Road

Neversink, NY 12765
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$1,141
Est. Monthly
18.87%
Cap Rate

About This Property

Great Starter Home or an inexpensive weekend get away place. Well maintained 3-bedroom, 1- bath home situated on nearly 4 acres of private land in scenic Neversink, NY. This peaceful retreat features a spacious screen-in porch, perfect for enjoying summer evenings, and a large deck, ideal for entertaining or relaxing in the serenity of nature. Plenty of room for gardening, outdoor activities or simply relaxing. Tri Valley School District, close to the Neversink Reservoir, Liberty for shopping and restaurants. Just two hours from the GWB and a few miles from Rt17. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,
Unit Size
1,100 Ft²
Days on Market
90 days
Land Size
3.94 acres
Price per sqft
$177
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1975

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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: 6 months ago (OneKey MLS #KEYH6328949)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Oct 22, 2024 In contract -
In contract
Sep 21, 2024 Listed by Carole Edwards Realty $195,000
Listed by Carole Edwards Realty
Sep 30, 1993 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 171,626
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003940
  • Standard Land Use Code: 1006
  • County Land Use Code: 270
  • Mobile Home Indicator: T

Neighborhood

  • School District Name: Tri-Valley Central School District
  • School Tax School District: TRI-VALLEY
  • Census Tract: 950100

Zoning

  • Zoning: 01 - NOT Z

Geography

  • District: 484200
  • Section: 35
  • Parcel: 484200 35.-1-8.8
  • Block: 1
  • Lot: 8.008
  • Municipality: NEVERSINK
  • Latitude: 41.8472
  • Longitude: -74.6248

    Address

  • Full Address: 48 Schumway Rd
  • Address - House Number: 48
  • Address - Street Name: Schumway
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Neversink
  • Carrier Code: R001
  • 4-Digit Zip Code: 5236
  • Zip Code: 12765

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 484201

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 192,345
  • High Value: 224,017
  • Low Value: 160,672

    Market Valuation

  • Market Total Value: $92,593
  • Market Land Value: $18,519
  • Market Improvement Value: $74,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,500
  • Assessed Land Value: $500
  • Assessed Improvements Value: $2,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 1993
  • Current Sale Recording Date: Sep 30, 1993
  • Current Sale Price:
    Premium
  • Current 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 Sullivan

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$237

Below Asking

0.03%

Average Days on Market

102

Average Home Size

1954 ft²

Average Home Age

60.6 years

Currently For Sale

640 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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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Schumway Road built and last sold?
The property at 48 Schumway Road was built in 1975 and last sold on Sep 30, 1993 for $39,000.
How much is this home worth?
The estimated value of the home located at 48 Schumway Road is $0.
What are some comparable homes to 48 Schumway Road?
There are currently no comparable homes to 48 Schumway Road.
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