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624 River Road
Score
71
Newburgh, NY

624 River Road

2.9M
3 bd • 2 ba • 4,018 sf

This analysis was generated on 3/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,900,000

Price/Sq.Ft

$722

Year Built

1950

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Large windows with views: The expansive windows offer stunning views and provide ample natural light, significantly enhancing the property's appeal and value • Modern kitchen design: The modern kitchen with stainless steel countertops and modular cabinets adds a contemporary touch and increases the property's marketability • Built-in storage: The built-in storage units in the bedrooms maximize space and provide a clean, organized look, adding to the property's functionality and value • Large windows with views • Modern kitchen design • Built-in storage • Finished basement • Price Position: At $721.75 per sqft, this property is significantly more expensive than the average of $234 per sqft in 12550. This premium is likely due to the architectural significance and Hudson River views. • Appreciation Trend: Homes in 12550 have sold for 11.3% more than they did a year ago, indicating a positive price trend, although this property's price increase significantly outpaces the average. • Rental Income: $6,048/month with 99% occupancy (0.0% cap rate) • Future Development: No specific planned developments are mentioned in the provided data. • The property benefits from abundant natural light due to the large windows. The open layout allows light to penetrate deep into the interior spaces. The basement area has limited natural light but is well-lit with artificial lighting. • The layout is functional, with an open-concept living area and well-defined private spaces. The large windows maximize the views and natural light. The basement area appears to be finished, providing additional living space.
Large windows with views

Large windows with views

The expansive windows offer stunning views and provide ample natural light, significantly enhancing the property's appeal and value.

Modern kitchen design

Modern kitchen design

The modern kitchen with stainless steel countertops and modular cabinets adds a contemporary touch and increases the property's marketability.

Built-in storage

Built-in storage

The built-in storage units in the bedrooms maximize space and provide a clean, organized look, adding to the property's functionality and value.

The Bad

• Bathroom updates (MEDIUM priority): $15,000 • Kitchen renovation (MEDIUM priority): $25,000 • Exterior wood refinishing (LOW priority): $5,000 • High price point limits the pool of potential buyers. • Significant price increase since last sale in 2020 may deter some buyers. • Buyer's market conditions in 12550 may lead to longer time on market. • School Quality Issue: Low school ratings (1/10 and 3/10) may negatively impact property values, potentially reducing them by 5-10% compared to similar homes in areas with higher-rated schools. This could also affect long-term resale value. • The property benefits from abundant natural light due to the large windows. The open layout allows light to penetrate deep into the interior spaces. The basement area has limited natural light but is well-lit with artificial lighting.

The Ugly

No critical issues identified
Aging kitchen

Aging kitchen

The kitchen, while functional, shows signs of age and could benefit from updates to appliances and finishes.

Exterior wood maintenance

Exterior wood maintenance

The exterior wood cladding may require maintenance or refinishing to protect it from the elements.

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

Rental Property Investors: Potential annual revenue of $72,576 with 99% occupancy rate Value Investors: Projected 5.1% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $45,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$69,671

Property History

Price History
Ownership Timeline
$650,000Cash Purchase
Feb 27, 2020
Zelig Richard J Est, Diane L ArbeitJiminie Ha, Jeremy Parker
Executors Deed
Standard Sale (Purchase/Resales)
$399,900Financed
Sep 28, 2000
Lisa Ferrera, Lisa Cardaropoli OzkuralDiane L Arbeit
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 25, 1998
Lisa Cardaropoli Ozkural, Erol F OzkuralLisa Cardaropoli Ozkural
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$0
2023 Tax Assessment
Assessed Value$160,000
Tax Rate0.00%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

1.0/10
Below Average

Middle

3.0/10
Below Average

High

3.0/10
Below Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,126

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