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Cambridge 12816
63 Gilbert Street
$429,000
● House - Off Market

63 Gilbert Street

Cambridge, NY 12816
bedrooms
5 Beds
bathrooms
3 Baths
$2,628
Est. Monthly
9.64%
Cap Rate

About This Property

1996 Custom built colonial in village of Cambridge.  Very large 5 bedroom, 3 bath with over 3200 sq ft of living space.  All of this on just under 1 acre of beautifully landscaped yard.  Master suite and office or bedroom on 1st floor. The 2nd floor has large bedroom and private bath.  Large open sitting area or office with 2 spacious walk in closets.  Cedar suana off bathroom in the basement with laundry room and murphy ironing station.  New boiler and water heater in 2023.  Radiant floor heating and a generator hook up, with portable Briggs and stratton excel 7000 watt generator.  New roof in 2023.
Unit Size
-
Days on Market
-
Land Size
0.90 acres
Price per sqft
-
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1996

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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: 2 years ago (Global MLS #202423703)

Price History

Date / Event Date Event Price
Feb 3, 2025 Sold
Premium
Sold
Dec 21, 2024 In contract -
In contract
Nov 23, 2024 Price Decreased $439,000
↓ $10K (2.2%)
Price Decreased
Sep 23, 2024 Price Decreased $449,000
↓ $20K (4.3%)
Price Decreased
Sep 1, 2024 Price Decreased $469,000
↓ $10K (2.1%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,204
  • Lot Size Depth Feet: 2,230
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 2,078
  • Building Area: 2,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,078
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000900
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: RES LOT 6 + 7

Neighborhood

  • School District Name: Cambridge Central School District
  • School Tax School District: CAMBRIDGE
  • Census Tract: 092000

Zoning

  • Zoning: RT

Geography

  • Account Number: 961A101928
  • District: 535001
  • Section: 264.05
  • Parcel: 535001 264.5-1-20.6
  • Block: 1
  • Lot: 20.006
  • Municipality: CAMBRIDGE
  • Latitude: 43.0259
  • Longitude: -73.371

    Address

  • Full Address: 63 Gilbert St
  • Address - House Number: 63
  • Address - Street Name: Gilbert
  • Address - Suffix Type: St
  • State: NY
  • City Name: Cambridge
  • Carrier Code: R003
  • 4-Digit Zip Code: 2618
  • Zip Code: 12816

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $795,821
  • Tax Rate Code Area: 535010

    Appraisal Valuation

  • Standard Deviation: 0.2698
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 324,682
  • High Value: 412,171
  • Low Value: 237,193

    Market Valuation

  • Market Total Value: $291,531
  • Market Land Value: $29,796
  • Market Improvement Value: $261,735

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $285,700
  • Assessed Land Value: $29,200
  • Assessed Improvements Value: $256,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-3949
  • Previous Sale Recording Date: Sep 08, 2010
  • Previous Sale Contract Date: Sep 03, 2010
  • Previous Sale Amount: $220,000
  • 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 Cambridge

Stats & Trends

Median Asking:

$276,944

Sale Price/ft²

$173

Below Asking

0.06%

Average Days on Market

64

Average Home Size

2151 ft²

Average Home Age

135 years

Currently For Sale

6 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

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Global MLS

Listed by: Christian P Marsh
Marsh Hometown Realty, LLC
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202423703
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 63 Gilbert Street built and last sold?
The property at 63 Gilbert Street was built in 1996 and last sold on Sep 8, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 63 Gilbert Street is $0.
What are some comparable homes to 63 Gilbert Street?
There are currently no comparable homes to 63 Gilbert Street.
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