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Chautauqua 14712
4983 Main Street
$120,000
● House - Off Market

4983 Main Street

Ellery, NY 14712
bedrooms
1 Bed
bathrooms
1 Bath
square feet
800 Ft²
$138,133
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to 4983 Main Street Bemus Point. This one bedroom, one bath cottage is close to many restaurants, shops and Chautauqua Lake. The home has an attached one car garage with an extra-large lot with mature trees all around. There is an extra lot with an approximate size of 213 x 34 located on S Oriental Avenue to S Harold Avenue with mature trees that goes with the property. A great location for a vacation home or year-round residence. Sold as is.
Unit Size
800 Ft²
Days on Market
59 days
Land Size
0.44 acres
Price per sqft
$174
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1930

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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: 5 months ago (NYSAMLS #R1483826)

Price History

Date / Event Date Event Price
Sep 18, 2023 Sold
Premium
Sold
Aug 5, 2023 In contract -
In contract
Aug 2, 2023 Relisted $139,000
Relisted
Jul 26, 2023 In contract -
In contract
Jul 21, 2023 Listed by Real Estate Advantage $139,000
Listed by Real Estate Advantage

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 800
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: ORIENTAL PARK LIFE USE-JANICE RAYNOR; OLD APN: 063689 33-10-2

Neighborhood

  • School District Name: Bemus Point Central School District
  • School Tax School District: BEMUS POINT
  • Census Tract: 036902

Zoning

  • Zoning: 03 - MULTI

Geography

  • District: 063689
  • Section: 333.13
  • Parcel: 063689 333.13-4-5
  • Block: 4
  • Lot: 5.000
  • Municipality: ELLERY (TOV)
  • Latitude: 42.1562
  • Longitude: -79.3873

    Address

  • Full Address: 4983 Main St
  • Address - House Number: 4983
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NY
  • City Name: Bemus Point
  • Zip Code: 14712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $236,148
  • Tax Rate Code Area: 063601

    Appraisal Valuation

  • Standard Deviation: 0.1302
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 85
  • Final Value: 192,942
  • High Value: 218,137
  • Low Value: 167,747

    Market Valuation

  • Market Total Value: $110,500
  • Market Land Value: $39,034
  • Market Improvement Value: $71,466

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,000
  • Assessed Land Value: $27,200
  • Assessed Improvements Value: $49,800

    Sales

  • Current Sale Contract Date: Sep 12, 2023
  • Current Sale Recording Date: Sep 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: DE2023005887
  • Previous Sale Recording Date: Sep 18, 2023
  • Previous Sale Contract Date: Sep 12, 2022
  • Previous Sale Amount: $120,000
  • 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 Chautauqua

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$117

Below Asking

0.03%

Average Days on Market

85

Average Home Size

2364 ft²

Average Home Age

91.6 years

Currently For Sale

436 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# R1483826

Frequently Asked Questions

When was property at 4983 Main Street built and last sold?
The property at 4983 Main Street was built in 1930 and last sold on Sep 12, 2023 for $120,000.
How much is this home worth?
The estimated value of the home located at 4983 Main Street is $140,616.
What are some comparable homes to 4983 Main Street?
There are currently no comparable homes to 4983 Main Street.
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