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Amsterdam 12010
56 Fairmont Avenue
$232,000
● House - Off Market

56 Fairmont Avenue

Amsterdam, NY 12010
bedrooms
3 Beds
bathrooms
2 Baths
$1,194
Est. Monthly
11.93%
Cap Rate

About This Property

This Amsterdam gem packs a ton of wonderful features and fun! With 3 bedrooms and 2 full baths, it boasts an open kitchen with breakfast bar, separate dining space, an inviting living room with fireplace, a 3-season room for relaxing times plus a beautiful & fully decked inground pool, the pool is gunite material (no liner - 'premium' type of pool) shrouded in privacy with mature shrubs and landscaping. Wow! What more can you ask for in a charming single-family at a great entry or downsizing price!? Well, there is more: An attached garage and covered front porch add even more charm and convenience. Do not miss this one!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1960

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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 (Global MLS #202423062)

Price History

Date / Event Date Event Price
Oct 9, 2024 Sold
Premium
Sold
Aug 14, 2024 In contract -
In contract
Aug 8, 2024 Listed by KW Platform $220,000
Listed by KW Platform
Jul 27, 2018 Sold
Premium
Sold
May 12, 2018 Listed by KW Platform $145,000
Listed by KW Platform
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 250
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 8,370
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 833
  • Total Building Area: 947
  • Building Area: 947
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 947
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: H G L 50 X 100

Neighborhood

  • School District Name: Amsterdam City School District
  • School Tax School District: AMSTERDAM CITY
  • Census Tract: 070500

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 0111220
  • District: 270100
  • Section: 39.11
  • Parcel: 270100 39.11-12-14
  • Block: 12
  • Lot: 14.000
  • Municipality: AMSTERDAM
  • Latitude: 42.9556
  • Longitude: -74.2022

    Address

  • Full Address: 56 Fairmont Ave
  • Address - House Number: 56
  • Address - Street Name: Fairmont
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Amsterdam
  • Carrier Code: C012
  • 4-Digit Zip Code: 1122
  • Zip Code: 12010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $313,890
  • Tax Rate Code Area: 270100

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 151,122
  • High Value: 177,141
  • Low Value: 125,102

    Market Valuation

  • Market Total Value: $174,419
  • Market Land Value: $28,372
  • Market Improvement Value: $146,047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,000
  • Assessed Land Value: $12,200
  • Assessed Improvements Value: $62,800

    Sales

  • Current Sale Contract Date: Jul 26, 2018
  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-79120
  • Previous Sale Recording Date: Sep 02, 2008
  • Previous Sale Contract Date: Aug 29, 2008
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 33
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 Amsterdam

Stats & Trends

Median Asking:

$199,900

Sale Price/ft²

$106

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2224 ft²

Average Home Age

360.8 years

Currently For Sale

84 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

Unit for rent at 68 Van Dyke Avenue, Amsterdam, NY, 12010

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,124 ft²
68 Van Dyke Avenue, Amsterdam, NY, 12010 Listing by Vanessa Vedder

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Scott P Varley
KW Platform
Last Updated: 3 years ago
Data Source: Global MLS , MLS# 202423062
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 56 Fairmount Avenue built and last sold?
The property at 56 Fairmount Avenue was built in 1960 and last sold on Jul 26, 2018 for $150,000.
How much is this home worth?
The estimated value of the home located at 56 Fairmount Avenue is $222,200.
What are some comparable homes to 56 Fairmount Avenue?
There are currently no comparable homes to 56 Fairmount Avenue.
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