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711 Sherman Rd N
Cortland, NY

711 Sherman Rd N

$825,000
3 bd • 3 ba • 4,105 sf

This analysis was generated by artificial intelligence on 1/15/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$825,000

Price/Sq.Ft

$201

Year Built

2003

AI Property Analysis

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

The Good

This luxurious executive ranch offers 33 acres of breathtaking views, making it a unique opportunity for those seeking privacy and space. The property features two primary suites on the main level, a marble fireplace, and a sunroom with a hot tub. The open floor plan and high-end finishes create a welcoming atmosphere, while the additional heated outbuilding provides ample storage for hobbies and vehicles. The potential for further expansion with 17 additional acres available for purchase adds to its appeal.

The Bad

The property's price is significantly higher than its estimated market value, potentially leading to financing challenges. Additionally, the house is located in an area classified as a minimal flood hazard zone, which might necessitate specific insurance considerations.

The Ugly

The significant discrepancy between the asking price and the market valuation could be a major red flag, suggesting the need for careful financial evaluation and negotiation. Buyers should ensure a thorough inspection to assess any underlying issues that might not be immediately apparent.

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 luxury buyers seeking a spacious home with privacy and expansive land. It suits those interested in outdoor activities, hobby farming, or requiring additional space for vehicles or equipment. Families or retirees who value high-end finishes and serene surroundings will appreciate this offering.

Not For

This property is not suitable for first-time homebuyers on a budget, those looking for urban amenities nearby, or individuals who prefer minimal maintenance and smaller properties. The high price and large acreage may not be practical for those uninterested in extensive land management.
Demographics
Area Median Income

$59,385

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Risk Assessment

Risk Analysis

Potential buyers should consider the implications of the property's flood zone classification, even if it's minimal. The discrepancy between the assessed value and asking price could affect financing. Additionally, market volatility and development plans in Cortland might influence long-term investment value.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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