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Essex
74 Forest Lane
$270,000
● House - Off Market

74 Forest Lane

Jay, NY 12941
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
960 Ft²
$273,130
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Quietly located in the beautiful Adirondack Mountains awaits this 3 bedroom 2 bath home.  This home has been filled with laughter and love throughout the years and is ready for new owners to enjoy the hiking and cross country skiing that this property is surrounded by.   Being within 20 minutes of Lake Placid and Whiteface Mountain Ski Resort holds for an extraordinary home away from home.  Family gatherings around the fireplace, drinks outside around the fire pit, or enjoy listening to natures natural noises while being seated on a beautiful wrap around deck... It is nothing short of a must have for any wonderful family that enjoys the outdoors.  New metal roof, well taken care of furnace (oil) that was installed in 2009, New septic was done within 6 years.  Schedule a showing today!
Unit Size
960 Ft²
Days on Market
66 days
Land Size
0.80 acres
Price per sqft
$281
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1972

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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: 2 years ago (Global MLS #202214304)

Price History

Date / Event Date Event Price
Jun 6, 2022 Sold
Premium
Sold
Mar 28, 2022 Listed by Oxford Property Group USA $270,000
Listed by Oxford Property Group USA
Feb 24, 1997 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 616
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,848
  • Total Building Area: 1,071
  • Gross Building Area: 1,344
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000800
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 122 JAY TRACT

Neighborhood

  • School District Name: AuSable Valley Central School District
  • Census Tract: 960200

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 615J102201
  • District: 152800
  • Section: 17.79
  • Parcel: 152800 17.79-2-7.000
  • Block: 2
  • Lot: 7.000
  • Municipality: JAY
  • Latitude: 44.3907
  • Longitude: -73.7371

    Address

  • Full Address: 74 Forest Ln
  • Address - House Number: 74
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Jay
  • Carrier Code: R001
  • 4-Digit Zip Code: 2005
  • Zip Code: 12941

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $427,443
  • Tax Rate Code Area: 92201

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 311,302
  • High Value: 365,593
  • Low Value: 257,010

    Market Valuation

  • Market Total Value: $272,300
  • Market Land Value: $115,000
  • Market Improvement Value: $157,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,300
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $157,300

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-2678
  • Previous Sale Recording Date: Feb 24, 1997
  • Previous Sale Contract Date: Feb 21, 1997
  • Previous Sale Amount: $75,000
  • 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 Essex

Stats & Trends

Median Asking:

$232,450

Sale Price/ft²

$156

Below Asking

0.05%

Average Days on Market

91

Average Home Size

1764 ft²

Average Home Age

72.9 years

Currently For Sale

112 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: Anthony Wolcott
Oxford Property Group USA
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202214304
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 74 Forest Lane built and last sold?
The property at 74 Forest Lane was built in 1972 and last sold on Jun 2, 2022 for $270,000.
How much is this home worth?
The estimated value of the home located at 74 Forest Lane is $269,002.
What are some comparable homes to 74 Forest Lane?
There are currently no comparable homes to 74 Forest Lane.
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