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Germantown 12526
516 Hover Avenue Ext.
$645,000
● House - Off Market

516 Hover Avenue Ext.

Germantown, NY 12526
bedrooms
3 Beds
bathrooms
0 Bath
$981,032
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Germantown Turn of the Century Converted Barn. A tasteful transformation of a vintage barn into a bright, modern & airy residence. With 4000 square feet of livingarea this home boosts cathedral ceilings, 2 large loft spaces, exposed hand hewn beams, wideboard floors, radiant heat and much more. Located within walking distance of the hamlet of Germantown on 2 acres with a small pond. The versatile interior offers many options as a live/work/artist space.,FLOORING:Concrete,Wide Board,AboveGrade:4000,EQUIPMENT:Carbon Monoxide Detector,Smoke Detectors,InteriorFeatures:Beamed Ceilings,Walk-In Closets,ROOF:Slate,ExteriorFeatures:Outside Lighting,Landscaped,FOUNDATION:Slab
Unit Size
-
Days on Market
-
Land Size
2.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
1900

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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: 3 years ago (OneKey MLS #ONEHM376842)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Sep 13, 2022 Sold
Premium
Sold
Jun 10, 2022 Listed by PATRICIA A. HINKEIN REALTY LLC GE $925,000
Listed by PATRICIA A. HINKEIN REALTY LLC GE
Aug 27, 2021 Sold
Premium
Sold
Apr 26, 2021 Listed by PATRICIA A. HINKEIN REALTY LLC GE $850,000
Listed by PATRICIA A. HINKEIN REALTY LLC GE
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2010
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 250
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 95,832
  • Total Building Area: 5,048
  • Building Area: 5,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 5,048
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002200
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Germantown Central School District
  • School Tax School District: GERMANTOWN
  • Census Tract: 002000

Zoning

  • Zoning: RA2

Geography

  • District: 103600
  • Section: 159.00
  • Parcel: 103600 159.-1-32
  • Block: 1
  • Lot: 32.000
  • Municipality: GERMANTOWN
  • Latitude: 42.1375
  • Longitude: -73.8746

    Address

  • Full Address: 516 Hover Avenue Ext
  • Address - House Number: 516
  • Address - Street Name: Hover Avenue
  • Address - Suffix Type: Ext
  • State: NY
  • City Name: Germantown
  • Carrier Code: R082
  • 4-Digit Zip Code: 5316
  • Zip Code: 12526

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,378,033
  • Tax Rate Code Area: 103602

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 758,550
  • High Value: 875,123
  • Low Value: 641,976

    Market Valuation

  • Market Total Value: $929,861
  • Market Land Value: $79,167
  • Market Improvement Value: $850,694

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $669,500
  • Assessed Land Value: $57,000
  • Assessed Improvements Value: $612,500

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20220010774
  • Previous Sale Recording Date: Aug 27, 2021
  • Previous Sale Contract Date: Aug 20, 2021
  • Previous Sale Amount: $822,000
  • Previous 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 Germantown

Stats & Trends

Median Asking:

$935,000

Sale Price/ft²

$495

Below Asking

0.02%

Average Days on Market

71

Average Home Size

3000 ft²

Average Home Age

97.5 years

Currently For Sale

2 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: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 516 Hover Avenue Extension built and last sold?
The property at 516 Hover Avenue Extension was built in 1900 and last sold on Sep 13, 2022 for $875,000.
How much is this home worth?
The estimated value of the home located at 516 Hover Avenue Extension is $0.
What are some comparable homes to 516 Hover Avenue Extension?
There are currently no comparable homes to 516 Hover Avenue Extension.
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