Score
0Rhinebeck, NY
27 Denu Way
479K
3 beds
2 baths
1,451 sqft
3 bd • 2 ba • 1,451 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$479,000
Price/Sq.Ft
$330
Year Built
1940
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 27 Denu Way offers several attractive features. Its location on a private, dead-end street provides a peaceful setting surrounded by nature, yet it's within walking distance of the Amtrak station and minutes from Rhinebeck Village. The home has been beautifully updated, including 2 fully renovated bathrooms and a brand-new kitchen with high-end finishes. At $330.12/sqft, it's priced 12% below the Rhinebeck average of $375/sqft. The 1,451 sqft layout is spacious for a 3-bedroom home, and unique features like the solarium and expansive roof deck add value. Climate risk scores are favorable, with a minimal flood risk (1/10) and moderate fire (3/10) and wind (4/10) risks, potentially leading to lower insurance costs. The property has appreciated significantly, with a 37.2% price increase since July 2023, outperforming the local market average of 8-10% annual appreciation.
The Bad
The property has been on the market for 560 days, which is significantly longer than the average DOM in Rhinebeck (typically 60-90 days). This extended listing period could indicate potential issues or overpricing. The home's age (built in 1940) may require more maintenance and upgrades despite recent renovations. The heating system uses propane and radiant heat, which can be more expensive to operate than natural gas or modern electric systems. The cooling relies on wall/window units, which are less efficient and may need upgrading to central air. The estimated insurance cost of $1,724/year is relatively high, possibly due to the property's age and features.
The Ugly
The 37.2% price increase from $349,000 to $479,000 in just over a year is concerning and may not be justified by market conditions or improvements made to the property. This significant jump could make it difficult to appraise for a mortgage and may lead to challenges in resale. The property's systems (HVAC, plumbing, electrical) may need significant upgrades due to its age, potentially costing $20,000-$30,000 in the next 5-10 years. The reliance on a private road could lead to unexpected maintenance costs shared among residents. The property's location near water views and the mention of a solarium suggest possible moisture issues that could lead to mold or structural problems if not properly managed.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $120,000+ based on a 28% front-end DTI ratio for a mortgage on the $479,000 price. It's ideal for nature lovers and those seeking a quiet retreat with easy access to town amenities. The layout and features make it perfect for couples or small families who enjoy entertaining, given the roof deck and spacious backyard. It could also appeal to remote workers or writers who would appreciate the solarium as a peaceful workspace. Investors might consider it for a high-end vacation rental, potentially commanding $2,500-$3,000/week during peak seasons, given Rhinebeck's popularity as a weekend destination.
Not For
This property is not suitable for first-time homebuyers or those on a tight budget, given the high price point and potential for additional maintenance costs. It's not ideal for large families needing more than 3 bedrooms or those requiring a more open, modern floor plan typical of newer constructions. Commuters to NYC might find the location less convenient, despite the proximity to the Amtrak station, as the commute can still be lengthy. Buyers looking for a turnkey property with all modern amenities (like central AC) may find the wall/window units and potential system upgrades unappealing.
Demographics
Area Median Income
$86,700
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jun 26, 1998Matthew Vaughan, Ruth VaughanEdward Vaughan
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
8.0/10
ExcellentHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,200
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$479,000
Price/sqft
$330
Layout
3 bd•2 ba
Days on market
96 daysat time of analysis
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$705,000
32.1%
Your price is 32.1% below average
Median Price
$700,000
31.6%
Based on 4 recent sales
Price per Sq.Ft
$522
36.8%
Your price is 36.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 11 Jones Street, Rhinecliff, NY 12574 | $810,000 | 1,344 | 3 | 2 | $60382.6% | 10/3/2024 |
| 357 Ivy Trail, Rhinebeck, NY 12572 | $680,000 | 1,495 | 2 | 3 | $45537.8% | 11/11/2024 |
| 256 Rhinecliff Road, Rhinebeck, NY 12572 | $700,000 | 1,316 | 2 | 1 | $53261.1% | 9/18/2024 |
| 104 Russell Avenue, Rhinebeck, NY 12572 | $630,000 | 1,260 | 2 | 1 | $50051.5% | 9/19/2024 |
11 Jones Street, Rhinecliff, NY 12574
Price: $810,000
Sq.Ft: 1,344
Beds/Baths: 3/2
$/Sq.Ft:
$60382.6%
Sale Date: 10/3/2024
357 Ivy Trail, Rhinebeck, NY 12572
Price: $680,000
Sq.Ft: 1,495
Beds/Baths: 2/3
$/Sq.Ft:
$45537.8%
Sale Date: 11/11/2024
256 Rhinecliff Road, Rhinebeck, NY 12572
Price: $700,000
Sq.Ft: 1,316
Beds/Baths: 2/1
$/Sq.Ft:
$53261.1%
Sale Date: 9/18/2024
104 Russell Avenue, Rhinebeck, NY 12572
Price: $630,000
Sq.Ft: 1,260
Beds/Baths: 2/1
$/Sq.Ft:
$50051.5%
Sale Date: 9/19/2024
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