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Olcott 14028
6124 Godfrey Road
$249,900
● House - Off Market

6124 Godfrey Road

Newfane, NY 14028
bedrooms
3 Beds
bathrooms
1 Bath
$248,970
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Beautifully maintained ranch with an absolutely lovely setting! 3 bedrooms, 1 bath, living room, dining room, huge kitchen, enclosed 3 season room, 1st floor laundry, attached garage, full basement with finished room, shed AND a detached garage with power and workshop area. There is a stand-by emergency generator, the furnace, central air and hot water heater were replaced in 2013. Stainless steel refrigerator November of 2022.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1966

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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: 4 years ago (NYSAMLS #B1485762)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Jul 27, 2023 In contract -
In contract
Jul 20, 2023 Listed by MJ Peterson Real Estate $249,900
Listed by MJ Peterson Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 10
  • Garage Square Area: 1,076
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 4,050
  • Lot Size Frontage Feet: 1,140
  • Total Building Area: 1,300
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 313906 PT1 0

Neighborhood

  • School District Name: Newfane Central School District
  • School Tax School District: NEWFANE
  • Census Tract: 024202

Geography

  • District: 292800
  • Section: 14.04
  • Parcel: 292800 14.04-1-28
  • Block: 1
  • Lot: 28.000
  • Municipality: NEWFANE
  • Latitude: 43.3229
  • Longitude: -78.7019

    Address

  • Full Address: 6124 Godfrey Rd
  • Address - House Number: 6124
  • Address - Street Name: Godfrey
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Burt
  • Carrier Code: R004
  • 4-Digit Zip Code: 9756
  • Zip Code: 14028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $433,477
  • Tax Rate Code Area: 292801

    Appraisal Valuation

  • Standard Deviation: 0.2608
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 225,564
  • High Value: 284,396
  • Low Value: 166,732

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $27,115
  • Market Improvement Value: $152,885

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,600
  • Assessed Land Value: $14,100
  • Assessed Improvements Value: $79,500

    Sales

  • Current Sale Contract Date: Sep 19, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 14889
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 Olcott

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

84

Average Home Size

1242 ft²

Average Home Age

74.3 years

Currently For Sale

4 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: 4 years ago
Data Source: NYSAMLSs, MLS# B1485762

Frequently Asked Questions

When was property at 6124 Godfrey Road built and last sold?
The property at 6124 Godfrey Road was built in 1966 and last sold on Sep 19, 2023 for $249,900.
How much is this home worth?
The estimated value of the home located at 6124 Godfrey Road is $0.
What are some comparable homes to 6124 Godfrey Road?
There are currently no comparable homes to 6124 Godfrey Road.
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