500 Otego Road
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Jun 3, 2024 | In contract | - | |
| In contract | |||
| May 25, 2024 | Listed by Upstate Country Realty | $429,000 | |
| Listed by Upstate Country Realty | |||
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Thoughtfully built to last throughout a lifetime - this home has plenty of room for entertaining, enough space to handle extended family, as well as features needed to allow aging in place. One level living is possible, with laundry, bedrooms, office and baths on the main floor with the sunny kitchen, dining area next to the screened in porch, and soaring two story windows which open the living room space to the gorgeous views outside.. The lower level is finished & well insulated, with a large living room/media room, sliders to the outside, a full bath and bedroom as well as storage and a large workshop that could become more living space. And on the top floor, there's a walk up unfinished room that could become yet another living space. The home is tucked out of sight of a scenic secondary road just above the village of Franklin, and enjoys a feeling of privacy with long views. Beautiful mature gardens, flowering trees, a stone patio and two fenced gardens complete the picture. This home shows pride of ownership as well as real quality construction in a lovely setting handy to both Oneonta and its two colleges, I-88, and all the historical arts village of Franklin has to offer.
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| Nov 27, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017