For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Washington
562 Steele Road
$95,500
● Land - Off Market

562 Steele Road

Salem, NY 12873
bedrooms
Studio
bathrooms
0 Bath
$556
Est. Monthly
22.77%
Cap Rate

About This Property

15 acre parcel of secluded land with a partly constructed stone house hidden in the forest.  There is a well and septic system installed for the house.  You could complete following the existing floor plans, or make your own design to finish.  Property is located on a quiet country road with little traffic.   If you would like privacy, this is hard to beat.
Unit Size
-
Days on Market
-
Land Size
15.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$69
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (Global MLS #202325509)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Premium
Sold
Feb 15, 2025 In contract -
In contract
Aug 2, 2024 Price Decreased $99,000
↓ $21K (17.5%)
Price Decreased
Sep 25, 2023 Listed by Marker's Octagon Realty $120,000
Listed by Marker's Octagon Realty
Dec 29, 2022 Sold
Premium
Sold
Show More

Property Highlights

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: 656,014
  • Lot Size Frontage Feet: 2,350
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000015060
  • Standard Land Use Code: 8001
  • County Land Use Code: 322

Neighborhood

  • School District Name: Salem Central School District
  • School Tax School District: SALEM
  • Census Tract: 090000

Geography

  • Account Number: 955J102420
  • District: 534800
  • Section: 225.00
  • Parcel: 534800 225.-1-3.7
  • Block: 1
  • Lot: 3.007
  • Municipality: SALEM
  • Latitude: 43.1185
  • Longitude: -73.3125

    Address

  • Full Address: 562 Steele Rd
  • Address - House Number: 562
  • Address - Street Name: Steele
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Shushan
  • Carrier Code: R001
  • 4-Digit Zip Code: 2816
  • Zip Code: 12873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $131,117
  • Tax Rate Code Area: 534801

    Market Valuation

  • Market Total Value: $46,693
  • Market Land Value: $46,693

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,090
  • Assessed Land Value: $41,090

    Sales

  • Current Sale Contract Date: Dec 12, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-6967
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 Washington

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

75

Average Home Size

1989 ft²

Average Home Age

90.9 years

Currently For Sale

166 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

Rentals Near You

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

Listed by: Kendal F Baker
Marker's Octagon Realty
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202325509
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 562 Steele Road built and last sold?
The property at 562 Steele Road was built in and last sold on Dec 12, 2022 for $35,750.
How much is this home worth?
The estimated value of the home located at 562 Steele Road is $99,990.
What are some comparable homes to 562 Steele Road?
There are currently no comparable homes to 562 Steele Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Salem Homes for Sale
Salem Houses for Sale
Salem Land for Sale
Salem Commercial for Sale
Salem Homes with Basements
Salem Homes with Pools
Salem Homes with Parking
Salem Homes with Garages
Nearby Cities
Cambridge Homes for Sale
Greenwich Homes for Sale
Arlington Homes for Sale
North Bennington Homes for Sale
South Shaftsbury Homes for Sale
Argyle Homes for Sale
Nearby Property Records
Washington County, NY Property Records
Bennington County, VT Property Records
Windham County, VT Property Records
Saratoga County, NY Property Records
Rensselaer County, NY Property Records
Rutland County, VT Property Records
Warren County, NY Property Records
Schenectady County, NY Property Records
Nearby Counties
Greenwich Homes for Sale
Argyle Homes for Sale
White Creek Homes for Sale
Hebron Homes for Sale
Shaftsbury Homes for Sale
Jackson Homes for Sale
Hartford Homes for Sale
Cambridge Homes for Sale
Top Real Estate Agents
Top Agents in Salem
Top Agents in 12832
Top Agents in 12834
Top Agents in 12816
Top Agents in Greenwich
Top Agents in 12865
Top Agents in Argyle
Top Agents in 12809