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68 Cambridge Dr
Glenmont, NY

68 Cambridge Dr

$531,900
4 bd • 4 ba • 2,421 sf

This analysis was generated by artificial intelligence 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 Uncertain age: The year built is unknown, which could indicate an older home with potential hidden issues or outdated systems. 2.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 Possible outdated interiors: If the home is older, it may require updates to kitchens, bathrooms, or other living spaces to meet modern standards. 5.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

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Risk Assessment

Risk Analysis

1. Flood risk: If the property is near the Normans Kill, it may be in a flood-prone area. This could necessitate flood insurance and pose a risk of property damage. 2. Structural integrity: Without knowing the age of the home, there's a risk of significant structural issues that could be extremely costly to repair. 3. Outdated systems: The HVAC, plumbing, and electrical systems may need expensive upgrades if they haven't been updated recently. 4. Environmental hazards: Older homes in the area may contain asbestos or lead paint, which are health hazards and expensive to remediate. 5. High maintenance costs: The large property and potentially older home could lead to higher-than-expected maintenance costs. 6. Property tax increases: Bethlehem's already high property taxes could continue to rise, significantly increasing the cost of ownership over time. 7. Market volatility: While currently desirable, changes in the local economy or housing market could impact property values. 8. Zoning changes: Future zoning changes could affect property use or values. 9. Noise pollution: Proximity to I-87 or the CSX train tracks could result in noise issues, potentially impacting quality of life and resale value. 10. Water quality: If on well water, there may be issues with water quality or quantity that are expensive to address.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$525,000

-1.3% below list price

Median Price

$500,000

Based on 6 recent sales

Price per Sq.Ft

$215

Comparable Properties

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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