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Sullivan 12701
68 Rapp Road
$220,000
● House - Off Market

68 Rapp Road

Thompson, NY 12701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,431 Ft²
$1,368
Est. Monthly

About This Property

Bring your imagination and with a little TLC, finishing of door, window frames and paint this home will make a great starter home or weekend. Open concept livingroom, kitchen and dining room area with three bedrooms and two full bathrooms, on 1.70 acres with a small pond and a brook borders the property!!! Bring all reasonable offers. With a little imagination and creativity this could be a great starter or weekend home!!
Unit Size
1,431 Ft²
Days on Market
-
Land Size
1.70 acres
Price per sqft
$157
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1958

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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: 6 months ago (OneKey MLS #KEYH6265265)

Price History

Date / Event Date Event Price
Feb 8, 2024 Sold
Premium
Sold
Aug 18, 2023 Listed by Pennywise Properties $225,000
Listed by Pennywise Properties
Jan 8, 2020 Sold
Premium
Sold
Aug 31, 2016 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • 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: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Total Building Area: 1,431
  • Building Area: 1,431
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,431
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Monticello Central School District
  • School Tax School District: MONTICELLO
  • Census Tract: 951600

Zoning

  • Zoning: RR2

Geography

  • District: 484689
  • Section: 7
  • Parcel: 484689 7.-1-9
  • Block: 1
  • Lot: 9.000
  • Municipality: THOMPSON (TOV)
  • Latitude: 41.6942
  • Longitude: -74.7389

    Address

  • Full Address: 68 Rapp Rd
  • Address - House Number: 68
  • Address - Street Name: Rapp
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Monticello
  • Carrier Code: R003
  • 4-Digit Zip Code: 3545
  • Zip Code: 12701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 484601

    Appraisal Valuation

  • Standard Deviation: 0.1453
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 82
  • Final Value: 208,660
  • High Value: 238,984
  • Low Value: 178,335

    Market Valuation

  • Market Total Value: $207,000
  • Market Land Value: $37,000
  • Market Improvement Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,500
  • Assessed Land Value: $18,500
  • Assessed Improvements Value: $85,000

    Sales

  • Current Sale Contract Date: Feb 06, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2024-1063
  • Previous Sale Recording Date: Jan 08, 2020
  • Previous Sale Contract Date: Dec 27, 2019
  • Previous Sale Amount: $40,000
  • 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 Sullivan

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$237

Below Asking

0.03%

Average Days on Market

103

Average Home Size

1963 ft²

Average Home Age

60.7 years

Currently For Sale

607 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 14 Lakeside Drive, Monticello, NY, 12701

$2,150 /mo

  • 2 Beds
  • 3 Baths
  • 1,112 ft²
14 Lakeside Drive, Monticello, NY, 12701 Listing by Maxine H Schulte

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 68 Rapp Road built and last sold?
The property at 68 Rapp Road was built in 1958 and last sold on Feb 6, 2024 for $220,000.
How much is this home worth?
The estimated value of the home located at 68 Rapp Road is $234,426.
What are some comparable homes to 68 Rapp Road?
There are currently no comparable homes to 68 Rapp Road.
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