Score
0Glenmont, NY
68 Cambridge Dr
532K
4 beds
4 baths
2,421 sqft
4 bd • 4 ba • 2,421 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
$531,900
Price/Sq.Ft
$220
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 68 Cambridge Dr, Glenmont, NY offers several attractive features:
1. Spacious layout: At 2,421 sq ft, this house is significantly larger than many homes in the area, providing ample living space for families or those who need extra room.
2. Competitive pricing: At $219.70/sq ft, it's priced below the average for Glenmont, which typically ranges from $230-$250/sq ft for similar properties.
3. Bedrooms and bathrooms: With 4 bedrooms and 4 bathrooms, the house offers excellent accommodation for larger families or those who frequently host guests.
4. Location: Situated in Glenmont, it benefits from being part of the highly regarded Bethlehem Central School District, a significant draw for families.
5. Natural setting: The property is surrounded by mature trees, providing privacy, shade, and a pleasant environment.
6. Attached garage: The two-car garage offers convenient, secure parking and additional storage space.
7. Curb appeal: The well-maintained exterior with landscaping and a manicured lawn enhances the property's aesthetic value.
8. Potential for appreciation: Given Glenmont's desirability and limited inventory, there's good potential for property value appreciation over time.
The Bad
1. Uncertain age: The year built is unknown, which could indicate an older home with potential hidden issues or outdated systems.
2. Limited features information: The lack of detailed information about the property's features makes it difficult to assess its true value and condition.
3. Potential for high property taxes: Bethlehem, where Glenmont is located, is known for relatively high property taxes. This could significantly increase the total cost of ownership.
4. Possible outdated interiors: If the home is older, it may require updates to kitchens, bathrooms, or other living spaces to meet modern standards.
5. Lawn maintenance: The large, grassy area will require regular maintenance, which means additional time and cost for the homeowner.
6. Limited commercial amenities: Glenmont has a limited commercial area, which might necessitate frequent trips to nearby towns for shopping and dining.
7. Potential noise issues: Depending on the exact location within Glenmont, the property could be affected by noise from the nearby Thruway (I-87) or CSX train tracks.
The Ugly
1. Unknown utility systems: With no information provided about utilities and systems, there could be significant hidden costs. If the home uses well water, for instance, there might be water quality or quantity issues that are expensive to address.
2. Potential structural issues: Without knowing the age of the home or its maintenance history, there could be serious structural problems that are not immediately visible but costly to repair.
3. Flood risk: Parts of Glenmont are in or near the 100-year floodplain. If this property is in a flood-prone area, it could lead to high insurance costs and potential property damage.
4. Possible environmental hazards: Older homes in the area might have issues with asbestos, lead paint, or other environmental concerns that are expensive to mitigate.
5. Zoning restrictions: Depending on local zoning laws, there might be limitations on future expansions or property use that could affect long-term plans.
6. Market volatility: While Glenmont is generally desirable, economic shifts or changes in the local job market could impact property values.
7. High total cost of ownership: Between the purchase price, potential renovation needs, high property taxes, and ongoing maintenance, the total cost of owning this home could be substantially higher than the listing price suggests.
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:
1. Large families: With 4 bedrooms and 4 bathrooms, it's ideal for families needing space.
2. Professionals with high incomes: Given the purchase price and potential for high property taxes, buyers should have a household income of at least $150,000-$180,000 to comfortably afford this home.
3. Nature lovers: The wooded surroundings will appeal to those who appreciate a natural setting.
4. Commuters to Albany: Glenmont's location makes it suitable for those working in Albany but preferring a suburban lifestyle.
5. Parents prioritizing education: Families valuing the highly-rated Bethlehem Central School District will find this location attractive.
6. DIY enthusiasts: If the home needs updates, it could be perfect for buyers who enjoy home improvement projects and have the skills to add value over time.
7. Privacy seekers: The property's setting offers more privacy than many suburban homes, appealing to those who value seclusion.
Not For
This property is not suitable for:
1. First-time homebuyers: The potential for high maintenance and renovation costs makes this a risky choice for inexperienced homeowners.
2. Those on a tight budget: With a $531,900 price tag plus potential additional costs, this home requires significant financial resources.
3. Buyers seeking modern, move-in ready homes: Without detailed information on the home's condition, it may not suit those looking for a turnkey property.
4. Urban lifestyle enthusiasts: Glenmont's limited commercial areas and suburban setting won't appeal to those preferring a more urban environment.
5. Retirees looking to downsize: The large size and potential maintenance requirements make this less suitable for those looking to simplify their living situation.
6. Investors seeking immediate rental income: The high purchase price relative to local rental rates (4-bed at $2,190/month) suggests a low initial cap rate, making it less attractive for pure investment purposes.
7. Those with mobility issues: Depending on the interior layout, a two-story home might not be suitable for individuals with mobility challenges.
Demographics
Area Median Income
$116,406
Property History
Price History
Ownership Timeline
$194,000Cash Purchase
Sep 15, 2020Donna J McmillenJesse E Turner Iv
Deed
Standard Sale (Purchase/Resales)
$365,000Financed
Aug 30, 2017Matthew P Hoff, Karen J NarkewiczJesse F Turner Iv, Kathleen Turner
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 26, 2001Hoff Matthew P &Hoff Matthew P &
Intrafamily Transfer
Non-Arm's Length Transactions
$241,000Cash Purchase
Jul 1, 1994James L GallagherMatthew P Hoff, Karen J Markewicz
Land Contract
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
High
9.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,200
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$531,900
Price/sqft
$220
Layout
4 bd•4 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$525,000
1.3%
Your price is 1.3% above average
Median Price
$500,000
6.4%
Based on 6 recent sales
Price per Sq.Ft
$215
2.2%
Your price is 2.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 26 Maywood Road, Bethlehem, NY 12054 | $485,000 | 2,500 | 4 | 4 | $19411.7% | 9/5/2024 |
| 14 Werner Avenue, Bethlehem, NY 12054 | $555,000 | 2,840 | 5 | 4 | $19511.1% | 10/18/2024 |
| 42 Darnley Grn, Bethlehem, NY 12054 | $660,000 | 2,157 | 4 | 4 | $30639.3% | 8/14/2024 |
| 189 Westchester Drive S, Bethlehem, NY 12054 | $500,000 | 2,464 | 4 | 3 | $2037.6% | 10/31/2024 |
| 25 Gladwish Road, Bethlehem, NY 12054 | $460,000 | 2,395 | 4 | 3 | $19212.6% | 9/11/2024 |
| 14 E Saybrook Drive, Bethlehem, NY 12077 | $490,000 | 2,480 | 4 | 3 | $19810.1% | 8/29/2024 |
26 Maywood Road, Bethlehem, NY 12054
Price: $485,000
Sq.Ft: 2,500
Beds/Baths: 4/4
$/Sq.Ft:
$19411.7%
Sale Date: 9/5/2024
14 Werner Avenue, Bethlehem, NY 12054
Price: $555,000
Sq.Ft: 2,840
Beds/Baths: 5/4
$/Sq.Ft:
$19511.1%
Sale Date: 10/18/2024
42 Darnley Grn, Bethlehem, NY 12054
Price: $660,000
Sq.Ft: 2,157
Beds/Baths: 4/4
$/Sq.Ft:
$30639.3%
Sale Date: 8/14/2024
189 Westchester Drive S, Bethlehem, NY 12054
Price: $500,000
Sq.Ft: 2,464
Beds/Baths: 4/3
$/Sq.Ft:
$2037.6%
Sale Date: 10/31/2024
25 Gladwish Road, Bethlehem, NY 12054
Price: $460,000
Sq.Ft: 2,395
Beds/Baths: 4/3
$/Sq.Ft:
$19212.6%
Sale Date: 9/11/2024
14 E Saybrook Drive, Bethlehem, NY 12077
Price: $490,000
Sq.Ft: 2,480
Beds/Baths: 4/3
$/Sq.Ft:
$19810.1%
Sale Date: 8/29/2024
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