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Delaware 13820
8023 State Highway 28
$125,000
● Land - Off Market

8023 State Highway 28

Meredith, NY 13806
bedrooms
Studio
bathrooms
1 Bath
$167,869
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

But is it mortgageable? Good Question!Yeah...there's a house on these lovely open and wooded and gently sloped 76 acres in the town of Meredith.  I suppose you'd like to know more about the house?  Well... here's what we can say about it.  It's in immediate need of a whole lot of attention that frankly is likely to frighten most of you after seeing it.   However, the capable, self-assured and adventurous do-it-yourselfer, bargain seekers among you might feel differently.  Anyway, it has 4 bedrooms, 1 bath, a full basement with a two-car, garage, a domestic water supply in the form of a spring (with a long history of service) and a septic system of unknown design.   You might just think of it as land with improvements.  Now, this is what we call Truth In Advertising!!
Unit Size
-
Days on Market
462 days
Land Size
76.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$452
HOA Dues
-
Year Built
1920

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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 #OD124511)

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold
Premium
Sold
Dec 9, 2019 Listed by Frank Lumia Real Estate Plus!, LLC $135,000
Listed by Frank Lumia Real Estate Plus!, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,327,984
  • Total Building Area: 1,692
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000076400
  • Standard Land Use Code: 8001
  • County Land Use Code: 322
  • Legal Description 1: FRANKLIN P LOT 18-20

Neighborhood

  • School District Name: Delhi Central School District
  • School Tax School District: DELHI
  • Census Tract: 970200

Geography

  • Account Number: 07600681006
  • District: 124400
  • Section: 62.00
  • Parcel: 124400 62.-1-26
  • Block: 1
  • Lot: 26.000
  • Municipality: MEREDITH
  • Latitude: 42.3736
  • Longitude: -74.9889

    Address

  • Full Address: 8023 State Highway 28
  • Address - House Number: 8023
  • Address - Street Name: State Highway 28
  • State: NY
  • City Name: Meridale
  • Carrier Code: H064
  • 4-Digit Zip Code: 2100
  • Zip Code: 13806

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $584,323
  • Tax Rate Code Area: 122801

    Appraisal Valuation

  • Standard Deviation: 0.1369
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 335,821
  • High Value: 381,799
  • Low Value: 289,842

    Market Valuation

  • Market Total Value: $192,600
  • Market Land Value: $192,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,400
  • Assessed Land Value: $124,400

    Sales

  • Current Sale Contract Date: Jan 28, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2119
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 Delaware

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$181

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2159 ft²

Average Home Age

82.3 years

Currently For Sale

245 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# OD124511

Frequently Asked Questions

When was property at 8023 State Route 28 built and last sold?
The property at 8023 State Route 28 was built in 1920 and last sold on Jan 28, 2021 for $125,000.
How much is this home worth?
The estimated value of the home located at 8023 State Route 28 is $136,350.
What are some comparable homes to 8023 State Route 28?
There are currently no comparable homes to 8023 State Route 28.
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