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Delaware 13783
55 Silver Lake Spur
$23,000
● House - Off Market

55 Silver Lake Spur

Deposit, NY 13783
bedrooms
1 Bed
bathrooms
1 Bath
square feet
600 Ft²
$58,360
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Cozy lake cottage with knotty pine walls and wood floors throughout. Gas burning stove for chilly evenings at the lake. One bedroom and bath, open floor plan kitchen, living and dining area. Nice size deck out front and small in the back. Enjoy the summer by the water, weekends on into the fall season.
Unit Size
600 Ft²
Days on Market
73 days
Land Size
0.40 acres
Price per sqft
$67
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
-

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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 #OD124030)

Price History

Date / Event Date Event Price
Jan 2, 2020 Sold
Premium
Sold
Oct 18, 2019 Listed by Bordinger Realty, LLC $39,900
Listed by Bordinger Realty, LLC
Jul 29, 2019 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,710
  • Lot Size Frontage Feet: 1,360
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1012
  • County Land Use Code: 260

Neighborhood

  • School District Name: Hancock Central School District
  • School Tax School District: HANCOCK
  • Census Tract: 970501

Geography

  • Account Number: 06000335011
  • District: 123089
  • Section: 385.01
  • Parcel: 123089 385.1-1-54
  • Block: 1
  • Lot: 54.000
  • Municipality: DEPOSIT (TOV)
  • Latitude: 42.0349
  • Longitude: -75.3615

    Address

  • Full Address: 55 Silver Lake Spur
  • Address - House Number: 55
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Spur
  • State: NY
  • City Name: Hancock
  • Carrier Code: R001
  • 4-Digit Zip Code: 2042
  • Zip Code: 13783

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $173,223
  • Tax Rate Code Area: 123606

    Appraisal Valuation

  • Standard Deviation: 0.1369
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 128,954
  • High Value: 146,609
  • Low Value: 111,298

    Market Valuation

  • Market Total Value: $44,300
  • Market Land Value: $7,145
  • Market Improvement Value: $37,155

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,100
  • Assessed Land Value: $500
  • Assessed Improvements Value: $2,600

    Sales

  • Current Sale Contract Date: Dec 17, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 23
  • Previous Sale Recording Date: Jul 29, 2019
  • Previous Sale Contract Date: Jun 13, 2019
  • Previous Sale Amount: $24,000
  • Previous Sale Document Type: 34
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 Delaware

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$181

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2159 ft²

Average Home Age

82.3 years

Currently For Sale

245 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# OD124030

Frequently Asked Questions

When was property at 55 Silver Lake Spur built and last sold?
The property at 55 Silver Lake Spur was built in and last sold on Dec 17, 2019 for $23,000.
How much is this home worth?
The estimated value of the home located at 55 Silver Lake Spur is $52,610.
What are some comparable homes to 55 Silver Lake Spur?
There are currently no comparable homes to 55 Silver Lake Spur.
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