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Otsego 13326
6687 State Highway 80
$335,000
● House - Off Market

6687 State Highway 80

Otsego, NY 13326
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
972 Ft²
$2,578
Est. Monthly

About This Property

Huge Price Reduction! Lakefront living on gorgeous Otsego Lake! Enjoy the beautiful views and all that the lake has to offer just steps away from your front door. First time to hit the market in over 40 years, this rare find offers 2 bedrooms and 1.5 baths and has an oil furnace for year-round comfort. Home sits on a .49-acre lot, with a second lot (.01 acre) that enjoys 25' of lake frontage.  Enjoy a cool drink while relaxing on your front porch or enjoy the waterfront while lounging on the lower deck. Selling AS-IS, inspection for buyer's info only. Don't miss this opportunity!
Unit Size
972 Ft²
Days on Market
91 days
Land Size
0.49 acres
Price per sqft
$386
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #R1496764)

Price History

Date / Event Date Event Price
Dec 13, 2023 Sold
Premium
Sold
Oct 13, 2023 In contract -
In contract
Sep 11, 2023 Listed by Howard Hanna $375,000
Listed by Howard Hanna

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1980
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 22

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 972
  • Building Area: 972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 972
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000490
  • Standard Land Use Code: 1012
  • County Land Use Code: 260
  • Legal Description 1: 983 0 0

Neighborhood

  • School District Name: Cooperstown Central School District
  • School Tax School District: COOPERSTOWN
  • Census Tract: 590202

Zoning

  • Zoning: 01 - NOT Z

Geography

  • Account Number: 083290
  • District: 365089
  • Section: 69.76
  • Parcel: 365089 69.76-1-7.00
  • Block: 1
  • Lot: 7.000
  • Municipality: OTSEGO (TOV)
  • Latitude: 42.7691
  • Longitude: -74.9006

    Address

  • Full Address: 6687 State Highway 80
  • Address - House Number: 6687
  • Address - Street Name: State Highway 80
  • State: NY
  • City Name: Cooperstown
  • Zip Code: 13326

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 365001

    Appraisal Valuation

  • Standard Deviation: 0.2701
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 61
  • Final Value: 358,099
  • High Value: 454,833
  • Low Value: 261,365

    Market Valuation

  • Market Total Value: $310,976
  • Market Land Value: $113,537
  • Market Improvement Value: $197,439

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,000
  • Assessed Land Value: $93,100
  • Assessed Improvements Value: $161,900

    Sales

  • Current Sale Contract Date: Dec 06, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023-5171
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 Otsego

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$152

Below Asking

0.03%

Average Days on Market

95

Average Home Size

2357 ft²

Average Home Age

96.5 years

Currently For Sale

224 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# R1496764

Frequently Asked Questions

When was property at 6687 State Rte 80 built and last sold?
The property at 6687 State Rte 80 was built in 1955 and last sold on Dec 6, 2023 for $335,000.
How much is this home worth?
The estimated value of the home located at 6687 State Rte 80 is $364,233.
What are some comparable homes to 6687 State Rte 80?
There are currently no comparable homes to 6687 State Rte 80.
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