Score
0Mongaup Valley, NY
36 Gina Lane
440K
3 beds
3 baths
2,074 sqft
3 bd • 3 ba • 2,074 sf
This analysis was generated on 1/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$439,500
Price/Sq.Ft
$212
Year Built
1989
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers excellent value at $211.91/sqft, which is approximately 20% below the average for similar homes in Mongaup Valley. The spacious 2,074 sqft layout is about 15% larger than the typical 3-bedroom home in the area. Recent upgrades include a new roof (estimated $15,000-$20,000 value) and fully finished basement with new flooring, ceiling, and LED lighting (estimated $30,000-$40,000 value). The property sits on over an acre of land, providing privacy and potential for expansion. The open floor plan, hardwood floors, and custom features like the butcher block kitchen island add to its appeal. The home's location near popular attractions like Bethel Woods and Resorts World Casino enhances its potential as a vacation rental, with estimated nightly rates ranging from $200-$300 during peak seasons.
The Bad
The property has been on the market for 159 days, which is significantly longer than the average of 60-90 days for the area, suggesting potential pricing or condition issues. The electric baseboard heating and wall/window AC units are less efficient than modern HVAC systems, potentially leading to higher utility costs. The attached 1-car garage may be limiting for some buyers, as many homes in this price range offer 2-car garages. The home's age (built in 1989) means some systems and appliances may be nearing the end of their lifespan, potentially requiring updates in the near future.
The Ugly
The property's rural location means limited access to public utilities. The private septic system, while large at 1000 gallons, will require regular maintenance (estimated $300-$500 every 3-5 years). The reliance on electric heating can lead to high winter utility bills, potentially $300-$500 per month during peak season. The property's location in Sullivan County may expose it to higher property tax rates, which have been increasing annually. The local schools have low ratings (2-3 out of 10), which could impact long-term property value and appeal to families with children.
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 ideal for buyers seeking a spacious second home or vacation rental in a peaceful, rural setting. It's well-suited for nature enthusiasts and those who enjoy outdoor activities, given its proximity to hiking trails and recreational areas. The fully furnished status and turnkey condition make it perfect for investors looking to enter the short-term rental market, with potential gross annual rental income of $40,000-$50,000 based on local vacation rental rates. The property would also appeal to remote workers or retirees looking for a quiet retreat with ample space for hobbies or entertaining.
Not For
This property is not suitable for buyers who prioritize walkability or easy access to urban amenities. The rural location and limited public transportation make it impractical for those who need to commute daily to major employment centers. Families with school-age children may find the low-rated local schools challenging. The property may not be ideal for those seeking the latest in energy efficiency or smart home technology, as it lacks modern HVAC systems and may require upgrades to meet current standards.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$22,000Cash Purchase
Jul 22, 1998Jan PistulkaMarian Surowka
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$0
2023 Tax Assessment
Assessed Value$131,700
Tax Rate0.00%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
2.0/10
Below AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$0
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