NOT LISTED FOR SALE

40 Newland St Otego, NY 13825

Estimated Value: $168,000 - $221,136

3 Beds
2 Baths
1,600 Sq Ft
$123/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $90,000 $56 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,243/month

84 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Cooling System
  • Wood Flooring
  • Skylights
  • Patio

About This Home

As of October 2022

When Opportunity Knocks You Best Be Quick To Answer! This Village ranch won't last long. You'll need to do a little work but at this price it will be worth it. Sitting on a large corner lot this 3 Bedroom, 2 Bath home has a large living room with wood stove and hardwood floors and a back family room with sky light. Spacious bedroom off from family room with attached full bath plus 2 other bedrooms, both with hardwood floors and full bath. Kitchen is ready for you to finish to your liking.Outside there is a back patio off the family room overlooking large backyard plus a 2 car detached garage.This is one you don't want to miss.

Last Agent to Sell the Property

Becky Thomas

Listing by Benson Agency Real Estate LLC License #49TH0929936 Listed on: 05/02/2022

Last Buyer's Agent

Jessie Grigsby

Listing by Benson Agency Real Estate LLC License #10401321825

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,429

Year Built

  • Built in 1970

Lot Details

  • 0.29

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,600 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Family Room
  • Wood Flooring
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Cooling System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Patio
  • 0.29 Acre Lot

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 317.15-1-53.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,429

Year Built

Built in 1970

Lot Details

0

Listing Details

  • NY Swis Code: Otego-364889
  • Total Assessed Value: 149000
  • Construction: Frame
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Information: Neighborhood Street
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 310344.83
  • Ratio Close Price By Sq Ft: 56.25
  • Ratio List Price By Acres: 447931.03
  • Ratio List Price By Sq Ft: 81.19
  • Regional Board Code: Rochester
  • Roof Description: Asphalt
  • School Tax: 2688
  • Styles of Residence: Ranch
  • Sub Board Code: Otsego-Delaware
  • Type of Sale: Bank Owned / REO
  • Lot Sq Ft: 12632
  • Age of Building: 53
  • Year Built: 1970
  • Directions To Property: From Oneonta Rt 7 or I-88 to Otego. Turn on Willow Street to Newland St. House is on the corner of Willow and Newland.
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Skylight
  • Additional Rooms: Family Room
  • Basement Description: Partial
  • Floor Description: Wood-Some
  • Number of Bedrooms 1st Floor: 3
  • Number of 1st Floor Full Bathrooms: 2
  • Number of Rooms: 8
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1600

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Patio
  • Number of Acres: 0.2900

Garage/Parking

  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Forced Air
  • Sewer Description: Septic
  • Water Heater Fuel: Electric
  • Water Supply: Public

Schools

  • School District: Unatego

Lot Info

  • Parcel Number: 317.15-1-53.00

Tax Info

  • Total Taxes: 4429

MLS Schools

  • School District Name: Unatego

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2025
Sold by
Rana Faiz
Bought by
Banks Ashley and Banks Joshua
Current Estimated Value
$196,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,700
Outstanding Balance
$154,290
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$34,731

Purchase Details

Closed on
Aug 10, 2022
Sold by
Edwards John and Edwards Christine
Bought by
Martin Kyle

Purchase Details

Closed on
Jul 23, 2021
Sold by
Community Bank Na
Bought by
Community Bank Na

Purchase Details

Closed on
Jun 3, 2015
Sold by
Goodrich Reginald
Bought by
Lepetich Steven D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,714
Interest Rate
3.62%
Mortgage Type
Unknown

Purchase Details

Listed on
May 6, 2013
Closed on
Sep 16, 2013
Sold by
Cramatte Gilbert X
Bought by
Goodrich Reginald
Seller's Agent
Patricia Wingate
Cornerstone Properties
Buyer's Agent
Joan Fox
Keller Williams Upstate NY Properties
List Price
$79,900
Sold Price
$59,900
Premium/Discount to List
-$20,000
-25.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%

Purchase Details

Closed on
Jan 24, 2013
Sold by
Cramatte Gilbert
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 11, 2005
Sold by
Cramatte Gilbert Xavier
Bought by
Cramatte Gilbert X

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
5.92%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Banks Ashley $160,000 None Available
Martin Kyle $35,000 None Available
Community Bank Na $98,302 None Available
Lepetich Steven D $74,200 Lester A. Sittler
Lepetich Steven D $74,200 Lester A. Sittler
Goodrich Reginald $59,900 Lester Sittler
Goodrich Reginald $59,900 Lester Sittler
Federal Home Loan Mortgage Corporation $500 Fien, Such And Crane
Federal Home Loan Mortgage Corporation $500 Fien, Such And Crane
Cramatte Gilbert X -- --
Cramatte Gilbert X -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Ashley $154,700
Previous Owner Lepetich Steven D $75,714
Previous Owner Cramatte Jan $157,200
Previous Owner Xavier Cramatte Gilbert $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $90,000 -30.7% $56 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $129,900 +116.9% $81 / Sq Ft
09/16/2013 09/16/13 Sold $59,900 -25.0% $37 / Sq Ft
08/03/2013 08/03/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $79,900 -- $50 / Sq Ft
Source: Otsego-Delaware Board of REALTORS®

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 $6,942 $149,000 $22,800 $126,200
2023 $4,062 $149,000 $22,800 $126,200
2022 $4,066 $149,000 $22,800 $126,200
2021 $3,683 $149,000 $22,800 $126,200
2020 $4,567 $149,000 $22,800 $126,200
2019 $2,683 $149,000 $22,800 $126,200
2018 $4,312 $149,000 $22,800 $126,200
2017 $4,292 $149,000 $22,800 $126,200
2016 $4,289 $149,000 $22,800 $126,200
2015 -- $149,000 $22,800 $126,200
2014 -- $158,000 $22,800 $135,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: OD134632

Otsego-Delaware Board of REALTORS®

APN: 364801-317-015-0001-053-000-0000