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Rensselaer
796 STATE ROUTE 40
Photo of 796 STATE ROUTE 40
Sold on Jul 30, 2018

1

Map

$36,250
● House - Off Market

796 STATE ROUTE 40

Schaghticoke, NY 12121
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$60,370
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Country home in need of rehab. Foundation work needed. Modern kitchen and bath. Some wood floors. Nice open lot. Not for the weekend handyman."Offers responded to within 24 to 48 hours." -- Poor Condition
Unit Size
1,000 Ft²
Days on Market
80 days
Land Size
0.40 acres
Price per sqft
$40
Property Type
House
Property Taxes
$300
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: 9 days ago (Global MLS #201818826)

Price History

Date / Event Date Event Price
Jul 30, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Empire Real Estate Management LLC $39,900
Listed by Empire Real Estate Management LLC
Feb 27, 2017 Sold
Premium
Sold
Mar 31, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • 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: 4
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 800
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Hoosic Valley Central School District
  • School Tax School District: HOOSIC VALLEY
  • Census Tract: 051902

Geography

  • Account Number: 315J108550
  • District: 384289
  • Section: 051
  • Parcel: 384289 51.2-3-11
  • Block: 0003
  • Lot: 011
  • Municipality: SCHAGHTICOKE (TOV)
  • Latitude: 42.8444
  • Longitude: -73.6229

    Address

  • Full Address: 796 State Route 40
  • Address - House Number: 796
  • Address - Street Name: State Route 40
  • State: NY
  • City Name: Melrose
  • Carrier Code: R001
  • 4-Digit Zip Code: 2621
  • Zip Code: 12121

Valuation

    Tax

  • Tax Year: 2016
  • Tax Amount: $376,771
  • Tax Rate Code Area: 384201

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Mar 11, 2020
  • Confidence Score: 85
  • Final Value: 37,283
  • High Value: 44,000
  • Low Value: 30,566

    Market Valuation

  • Market Total Value: $114,286
  • Market Land Value: $44,196
  • Market Improvement Value: $70,089

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $25,600
  • Assessed Land Value: $9,900
  • Assessed Improvements Value: $15,700

    Sales

  • Current Sale Contract Date: Jan 27, 2017
  • Current Sale Recording Date: Feb 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 31, 1998
  • Previous Sale Contract Date: Mar 30, 1998
  • Previous Sale Amount: $35,000
  • 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 Rensselaer

Stats & Trends

Median Asking:

$308,250

Sale Price/ft²

$197

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2205 ft²

Average Home Age

95.7 years

Currently For Sale

337 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: Todd A Drake
Empire Real Estate Management LLC
Last Updated: 9 days ago
Data Source: Global MLS , MLS# 201818826
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 796 State Route 40 built and last sold?
The property at 796 State Route 40 was built in 1955 and last sold on Jan 27, 2017 for $205,883.
How much is this home worth?
The estimated value of the home located at 796 State Route 40 is $0.
What are some comparable homes to 796 State Route 40?
There are currently no comparable homes to 796 State Route 40.
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