$400,000
SOLD AUG 3, 2023

105 Rainbow Hill Rd Margaretville, NY 12455

2 Beds
1 Bath
774 Sq Ft
0.61 Acres

Recently Sold

$517 Per Sq Ft

14% Above List Price

8 Days on Market

Highlights

  • Water Views
  • Secluded Lot
  • Cottage
  • Deck
  • Bamboo Flooring
  • Ductless Heating Or Cooling System

About This Home

As of August 2023

THE GETAWAY Looking for a sexy and stylish retreat from the hustle and bustle of Urban Life? This is it... a stunning (perfect) Catskills Mountain Cabin! High-end design, prime location adjacent to NYC's forever wild land (imagine a 1000 acre playground in your back yard), all you need/want and nothing you don't. A gourmet kitchen, fab bathroom and a primary bedroom that boasts walls of windows offering breathtaking views of the surrounding landscape! The fire pit and seasonal stream provide the perfect backdrop for cozy evenings with someone special. Whether you're looking for an amazing getaway or a weekend of outdoor adventures, this property has it all. And, with a strong Airbnb rental history, it's a perfect investment for turning a passion for real estate into a profitable side hustle. Seasonal views of the Pepacton Reservoir and endless opportunities for hiking, fishing, and other outdoor activities, it's the perfect escape from the stresses of city life. Why wait? Experience the beauty and luxury of the Catskills for yourself! Don't miss out on this once-in-a-lifetime opportunity to own a truly unique piece of real estate and the ultimate in Catskills Mountain Luxury! 2.5 hours from the GWB. Your Catskill Dream Awaits!

Last Agent to Sell the Property

Margaret Bellar

The Catskill Dream Team License #10331200183 Listed on: 05/14/2023

Last Buyer's Agent

Katherine Keys

The Catskill Dream Team License #10401329222

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1980

Lot Details

  • 0.61 Acre Lot
  • Home fronts a stream
  • Secluded Lot
  • Property is zoned 920

Property Views

  • Water
  • Mountain

Home Design

  • Cottage
  • Cabin
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Shake Siding

Kitchen

  • Range<<rangeHoodToken>>
  • Dishwasher
  • Kitchen Island

Flooring

  • Bamboo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Propane
  • Baseboard Heating
  • Well
  • Water Heater
  • Septic Tank

Additional Features

  • Sliding Doors
  • Deck

Listing and Financial Details

  • Legal Lot and Block 3 / 1.7

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,882

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Property Sub-Type: Single Family Residence
  • Lot Size Acres: 0.61
  • View Type:Pond View: Mountain(s), Water
  • Co List Office Phone: 917-558-0447
  • MLS Status: Closed
  • Architectural Style: Cabin, Cottage
  • Master Plan Zoning: 920
  • Location Tax and Legal:Tax Block: 1.7
  • General Property Information Lot Size Acres: 0.61
  • General Property Information Lot Size Dimensions: .61 acre
  • Flooring:Ceramic Tile: Yes
  • Security Features:Smoke Detector(s): Yes
  • Location Tax and Legal:Tax Annual Amount: 1882.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • View:Mountain(s): Yes
  • Water Source:Well: Yes
  • Architectural Style Cottage: Yes
  • View Water3: Yes
  • Flooring Bamboo: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Foundation Details PillarPostPier: Yes
  • Cooling Ductless: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other, Water Heater, Refrigerator, Range Hood, Range, Dishwasher
  • Interior Amenities: Kitchen Island
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Flooring: Bamboo, Ceramic Tile
  • Appliances Range: Yes
  • Appliances:Range Hood: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Kitchen Island: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Waterfront Features: Stream, Other
  • Waterfront: Yes
  • Construction Type: Frame, Shake Siding
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Construction Materials:Frame: Yes
  • Lot Features:Secluded: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Shake Siding: Yes
  • Waterfront Features:Stream: Yes
  • Door Features:Sliding Doors: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No

Utilities

  • Sewer: Septic Tank
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless, Electric, Propane
  • HeatingYN: Yes
  • Water Source: Well
  • Water Heater: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric4: Yes
  • Heating:Propane2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Ductless2: Yes

Schools

  • Junior High Dist: Margaretville

Lot Info

  • Lot Features: Secluded
  • Lot Dimensions: .61 acre
  • Lot Size Sq Ft: 26571.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1882.0
  • Tax Block: 1.7
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2023
Closed on
Aug 11, 2023
Sold by
Rainbow Hill Getaway Llc
Bought by
Chambers Paul M
Seller's Agent
Margaret Bellar
The Catskill Dream Team
Buyer's Agent
Katherine Keys
The Catskill Dream Team
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%
Views
65
Current Estimated Value
$404,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,180
Avg. Annual Appreciation
2.07%

Purchase Details

Closed on
Sep 25, 2019
Sold by
Sullivan Jason R and Seracuse Jennifer L
Bought by
Rainbow Hill Getaway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 27, 2015
Closed on
Aug 26, 2016
Sold by
Mccullough Edward T
Bought by
Sullivan Jason R
Seller's Agent
Rebecca Saunders
Keller Williams Upstate NY Properties
Buyer's Agent
Timothy Morelock
Keller Williams Upstate NY Properties
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.72%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $400,000 None Available
Deed $194,000 Chicago Title
Deed $105,000 Ann Harrison
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $144,000 Adjustable Rate Mortgage/ARM
Previous Owner $144,000 Adjustable Rate Mortgage/ARM
Previous Owner $21,700 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $400,000 +14.3% $517 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/14/2023 05/14/23 For Sale $350,000 +233.3% $452 / Sq Ft
08/26/2016 08/26/16 Sold $105,000 -16.0% $210 / Sq Ft
07/09/2016 07/09/16 Pending -- -- --
08/27/2015 08/27/15 For Sale $125,000 -- $250 / Sq Ft
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,059 $118,100 $14,000 $104,100
2023 $1,892 $118,100 $14,000 $104,100
2022 $1,802 $118,100 $14,000 $104,100
2021 $1,782 $98,400 $13,500 $84,900
2020 $1,534 $98,400 $13,500 $84,900
2019 $1,296 $68,700 $13,500 $55,200
2018 $1,296 $68,700 $13,500 $55,200
2017 $1,279 $68,700 $13,500 $55,200
2016 $1,258 $68,700 $13,500 $55,200
2015 -- $68,700 $13,500 $55,200
2014 -- $68,700 $13,500 $55,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20231263

Hudson Valley Catskills Region Multiple List Service

APN: 122000-325-000-0001-007-300