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Sullivan
738 Forestburgh Road
$274,900
● House - Off Market

738 Forestburgh Road

Lumberland, NY 12737
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,438 Ft²
$309,387
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

If you are looking for some rural peace and quiet, and are a bit handy, then this 2146 sqft contemporary on a partly wooded 5.43 acre lot might just what you are looking for. The home has three bedrooms, two full baths, living room with fireplace and cathedral ceilings, as well as a single unfinished room on the second floor. There are large front and rear decks, a full unfinished basement, and a real nice detached three car garage. Now this one is NOT in move-in condition. It is going to need a variety of repairs including paint, sheet rock, carpentry, plumbing and a new heating system. As such, any purchase will require cash or a rehab loan. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,3 Car Detached,
Unit Size
2,438 Ft²
Days on Market
-
Land Size
5.43 acres
Price per sqft
$113
Property Type
House
Property Taxes
$809
HOA Dues
-
Year Built
2003

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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: 5 months ago (OneKey MLS #KEYH6120887)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Aug 19, 2021 In contract -
In contract
Jun 1, 2021 Listed by John J Lease REALTORS Inc $274,900
Listed by John J Lease REALTORS Inc
Jan 16, 2004 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 760
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 236,531
  • Lot Size Frontage Feet: 24,500
  • Total Building Area: 2,438
  • Building Area: 2,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,438
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005430
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 4

Neighborhood

  • School District Name: Eldred Central School District
  • School Tax School District: ELDRED
  • Census Tract: 952500

Zoning

  • Zoning: MRV

Geography

  • Account Number: 035853
  • District: 483800
  • Section: 2
  • Parcel: 483800 2.-1-4.3
  • Block: 1
  • Lot: 4.003
  • Municipality: LUMBERLAND
  • Latitude: 41.538
  • Longitude: -74.7844

    Address

  • Full Address: 738 Forestburgh Rd
  • Address - House Number: 738
  • Address - Street Name: Forestburgh
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Glen Spey
  • Carrier Code: H001
  • 4-Digit Zip Code: 5107
  • Zip Code: 12737

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 483401

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 629,578
  • High Value: 733,247
  • Low Value: 525,908

    Market Valuation

  • Market Total Value: $451,100
  • Market Land Value: $139,691
  • Market Improvement Value: $311,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,000
  • Assessed Land Value: $92,900
  • Assessed Improvements Value: $207,100

    Sales

  • Current Sale Contract Date: Jan 15, 2004
  • Current Sale Recording Date: Jan 16, 2004
  • Current Sale Price:
    Premium
  • Current 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:

$388,750

Sale Price/ft²

$236

Below Asking

0.02%

Average Days on Market

98

Average Home Size

1948 ft²

Average Home Age

59.8 years

Currently For Sale

650 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 4 Beach Road, Glen Spey, NY, 12737

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 999 ft²
4 Beach Road #GROUNDFLOORUNIT, Glen Spey, NY, 12737 Listing by Gabor J. Dezso

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 738 Forestburgh Road built and last sold?
The property at 738 Forestburgh Road was built in 2003 and last sold on Jan 15, 2004 for $338,000.
How much is this home worth?
The estimated value of the home located at 738 Forestburgh Road is $295,170.
What are some comparable homes to 738 Forestburgh Road?
There are currently no comparable homes to 738 Forestburgh Road.
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