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Ontario 14456
4886 Redman Road
$710,000
● Land - Off Market

4886 Redman Road

Seneca, NY 14456
bedrooms
Studio
bathrooms
1 Bath, 1 Half Bath
square feet
1,435 Ft²
$836,303
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Farm in the heart of the Finger Lakes! 91 acres with approx. 50-60 acres tillable, 4 bedroom 1.5 bath home, Town water and out buildings ( home and buildings will need repair) property being sold "as is" This a great opportunity to own a larger acreage in a very desirable part of the Finger Lakes. A public auction for PERSONAL Property AND FARM EQUIPMENT is being held 7/31/2021 .Much of the personal property in the house will be sold as well as farm equipment. All offers for the Home and Farm will be considered on 7/16/2021 6 pm
Unit Size
1,435 Ft²
Days on Market
125 days
Land Size
91.00 acres
Price per sqft
$523
Property Type
Land
Property Taxes
$614
HOA Dues
-
Year Built
2022

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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 (NYSAMLS #R1349544)

Price History

Date / Event Date Event Price
Nov 10, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by Keller Williams Realty Gateway $750,000
Listed by Keller Williams Realty Gateway

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,846,348
  • Total Building Area: 1,435
  • Gross Building Area: 1,435
  • Building Area: 1,435
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000088300
  • Standard Land Use Code: 1008
  • County Land Use Code: 120
  • Legal Description 1: 91 ACRES

Neighborhood

  • School District Name: Gorham-Middlesex Central School District (Marcus Whitman)
  • School Tax School District: MARCUS WHITMAN
  • Census Tract: 051400

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 2801-000-07
  • District: 324400
  • Section: 146.00
  • Parcel: 324400 146.00-1-26.000
  • Block: 1
  • Lot: 26.000
  • Municipality: SENECA
  • Latitude: 42.7897
  • Longitude: -77.0407

    Address

  • Full Address: 4886 Redman Rd
  • Address - House Number: 4886
  • Address - Street Name: Redman
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Geneva
  • Carrier Code: R001
  • 4-Digit Zip Code: 9727
  • Zip Code: 14456

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $539,786
  • Tax Rate Code Area: 323201

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 623,045
  • High Value: 747,611
  • Low Value: 498,478

    Market Valuation

  • Market Total Value: $403,763
  • Market Land Value: $328,408
  • Market Improvement Value: $75,355

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,500
  • Assessed Land Value: $305,420
  • Assessed Improvements Value: $70,080

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202111100115
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 Ontario

Stats & Trends

Median Asking:

$324,900

Sale Price/ft²

$184

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2188 ft²

Average Home Age

56.8 years

Currently For Sale

336 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# R1349544

Frequently Asked Questions

When was property at 4886 Redman Road built and last sold?
The property at 4886 Redman Road was built in 2022 and last sold on Nov 8, 2021 for $710,000.
How much is this home worth?
The estimated value of the home located at 4886 Redman Road is $0.
What are some comparable homes to 4886 Redman Road?
There are currently no comparable homes to 4886 Redman Road.
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