NOT LISTED FOR SALE

6300 State Route Unit 28 Phoenicia, NY 12464

-- Bed
-- Bath
-- Sq Ft
9.6 Acres

Last Sold March 18, 2022

Last sale price $990,000

110 Days on Market

Highlights

  • 9.6 Acre Lot
  • Cape Cod Architecture
  • Wood Flooring
  • Woodstock Elementary School Rated A-
  • Wooded Lot
  • No HOA

About This Home

As of March 2022

Unique opportunity to own Norsdale in Phoenicia – a completely renovated, totally turnkey, colorful Catskills property offering two buildings, 9.6 acres, plenty of color, lots to explore, and so much more! The owners’ creative and design backgrounds are absolutely evident in every joyful and considered detail. The Main House is an exploration in pattern and texture. Boasting an artful, eclectic design and offering a full kitchen, dining room, living room with original wood burning fireplace, bar area, 5 bedrooms, 2 full baths, and a basement game room. The bedrooms are all located on the second floor and each offers a unique design, color, and configuration. The common spaces on the main level of the house were designed to provide some open concept space while also staying true to the history of the home with a more private TV room and bar/study. The CMYK guest suites offer 4 individual rooms, each designed head to toe in the colors used in color printing: Cyan (Blue), Magenta, Yellow, or Key (Black). Besides offering an incredibly unique experience, each room also includes an en-suite bath, skylight, sitting area, TV, and king bed. In addition, the main house has a 2-car detached garage and the property offers separate driveways to each building with parking. Outside, the back deck of the main house serves as the perfect space for outdoor meals, grilling, and soaking in the hot tub. The 9.6 acres also offer a fire pit, lawn games, plenty of space for a pool, and an additional un-renovated cabin that, with a little imagination, could be a pretty amazing space as an additional rental unit or a caretaker’s cabin. Norsdale is also packed with little luxuries such as Brooklinen linens, Nespresso machines, and carefully curated amenities, which the owners will be happy to share. Fully renovated in 2020, there is nothing left for a new owner to do and taking over the operation of this Catskills gem could not be easier due to its automated booking system and keyless entry. The sale also comes with Norsdale’s brand and digital assets such as equally colorful and well-designed website, Instagram account, and booking site, PLUS all of the indoor and outdoor furnishings, art, bedding, kitchen supplies, hot tub, etc, and all future confirmed bookings! The current owners have thought of every detail to make the transition as seamless as possible, meaning the new operator can start generating income immediately. And being close to so many popular destinations and attractions within the Catskills and Hudson Valley means that the projected 23% cap rate is likely conservative.

Last Agent to Sell the Property

Daniel Romero

Compass Greater New York, LLC License #10301222563 Listed on: 09/01/2021

Compass Greater New York, LLC

Co-Listed By

Chelsea Mcgowan

Past Member License #10401339885

Last Buyer's Agent

Michelle Chinnery

Taft Street Realty, Inc. License #10401342825

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 9.6 Acre Lot
  • Wooded Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Fireplace Features Masonry
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Central Air
  • Heating System Uses Oil
  • Radiant Heating System
  • Hot Water Heating System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • The owner pays for all utilities
  • Legal Lot and Block 13 / 1

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $3,540
  • Fuel Expense $3,588
  • Insurance Expense $5,280
  • Professional Management Expense $28,800
  • Supplies Expense $1,786
  • New Taxes Expense $7,300
  • Net Operating Income $312,297

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1950
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 9.6
  • Professional Management Expense: 28800.0
  • Supplies Expense: 1786.0
  • Co List Office Mls Id: KWREALHVN
  • Co List Office Phone: 845-481-2700
  • Co List Office Phone: 914-238-0676
  • MLS Status: Closed
  • Architectural Style: Cape Cod, Other
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 9.6
  • General Property Information Lot Size Dimensions: 9.6 acres
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Income And Expenses New Taxes Expense: 7300.0
  • Income And Expenses Cap Rate: 23.0
  • Gross Scheduled Income: 370475.0
  • Income And Expenses Fuel Expense: 3588.0
  • Other Structures:Shed(s): Yes
  • Owner Pays:All Utilities: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Well: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer, Refrigerator, Range, Oven, Microwave, Electric Water Heater, Dryer, Dishwasher
  • Basement: Unfinished
  • Fireplace: Yes
  • Flooring: Hardwood
  • Appliances:Electric Water Heater: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Fireplace Features:Masonry: Yes
  • Appliances:Oven: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Other Structures: Shed(s), Other, See Remarks
  • Construction Materials:Frame: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Paved, Driveway
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Ductless, Electric, Hot Water, Oil, Radiant
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Oil: Yes
  • Sewer Septic Tank: Yes
  • Heating:Hot Water2: Yes
  • Heating:Radiant: Yes
  • Heating:Ductless2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1020.0

Schools

  • Junior High Dist: Oneonta

Lot Info

  • Lot Features: Wooded
  • Lot Dimensions: 9.6 acres
  • Lot Size Sq Ft: 418176.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: MULTIPLE
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities

Multi Family

  • Electric Expense: 3540.0
  • Insurance Expense: 5280.0
  • Net Operating Income: 312297.0

Tax Info

  • New Taxes Expense: 7300.0
  • Tax Block: 1
  • Tax Lot: 13

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $990,000 -26.4% --
12/20/2021 12/20/21 Pending -- -- --
10/14/2021 10/14/21 Price Changed $1,345,000 -10.0% --
09/01/2021 09/01/21 For Sale $1,495,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20213311

Hudson Valley Catskills Region Multiple List Service

APN: 515000 13.7-1-13