4 months on rocket

116 Nys Rt 32, Saratoga, NY, 12871

$799,000

Home List Price

$9,488*

Closing Credit

4 Bedrooms
4 Full Baths
3,484 SqFt
$229/SqFt
Multi

Location

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116 Nys Rt 32, Saratoga$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingPaved, Garage
Garage2 spaces
Year Built1950
HeatingBaseboard, Electric, Oil
CoolingOther
BasementYes
WaterfrontCreek
MLS #202421637
Lot Size160.30 Acres
StatusActive

About 116 Nys Rt 32

This remarkable 165-acre property spans 3 parcels, presenting residential and investment opportunities. Featuring a beautiful, partially furnished farmhouse from the 1800s, suitable for both long-term and short-term rentals, a small Mobile Home Park with 6 pads and one owner owned unit, as well as a large 1800s vintage red barn. A portion of the property falls within the 'Village Extension District,' encouraging higher density development and increasing its overall potential. Please go to the ''Supplemental'' section of the MLS for additional details and information on AirBnB listings. Please see video for drone footage and virtual tour. The Farmhouse at Saratoga Overview This remarkable 165-acre property spans 3 parcels, presenting residential and investment opportunities. Featuring a beautiful, partially furnished farmhouse from the 1800s, suitable for both long-term and short-term rentals, a small Mobile Home Park with 6 pads and one owner owned unit, as well as a large 1800s vintage red barn. A portion of the property falls within the 'Village Extension District,' encouraging higher density development and increasing its overall potential. Farmhouse The farmhouse spans approximately 3,484 square feet, blending historic charm with modern updates including new plumbing and electrical systems. It is divided into four 1-bed/1-bath units. Two units have been beautifully renovated, are tastefully furnished with quality furnishings, and are fully active on Airbnb demonstrating strong occupancy during peak summer and off-season periods. The remaining two units are approximately 70% finished, offering a prime opportunity for personal customization or completion to double rental income from the farmhouse. To view the AirBnB listings, search "Farmhouse at Saratoga - H2 - AirBnB" and "Farmhouse at Saratoga - H1 - Vintage - AirBnB" on AirBnB. Mobile Home Park The Mobile Home Park sits on just under 2 acres and is comprised of 6 pads, with five currently occupied and one vacant. One mobile home is owned by the park owner, while the remaining four occupied pads are owned by residents, with an onsite Park Manager residing in the owner's mobile home. Under current ownership, rents have remained unchanged and are significantly below market rates, presenting a clear opportunity for additional income. The park is grandfathered in so can remain as such, or be transitioned to other single or multi-family scenarios. Vintage Red Barn There is a large onsite 1800s barn, approximately 33ft x 60ft, with 3 bays on the main floor and a second-floor loft believed to have been an old 'millhouse.' This unique and versatile structure offers numerous possibilities for traditional horse/ animal sheltering, storage, workshop, arts and craft studio and/or other creative endeavors. Village Extension District (VED) This property is extremely unique in that it has 740 feet of road frontage and associated land sits inside the Village Extension District which provides opportunity to build multi-family units depending on configuration. Farmland The property offers many opportunities to enjoy the vast acreage including approximately 12 acres of tillable farmland, waterfront on the Fish Creek and back country for hiking and/or hunting.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1950
  • Living Area: 3,484 SqFt

Listing Office:

  • Office Name: Principles Realty Group
  • Office Phone: (518) 330-3160
  • Listing Agent: Jerid Meagan

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Creek
  • Exterior: None, Porch/Covered, Porch Front

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Paved, Garage

Lot Features

Lot Information:

  • Lot Size: 160.30 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Oil
  • Cooling: Other

Other

Directions Information:

  • Directions: From North: Follow I-87 S to Ballard Rd in Wilton. Take exit 16. Continue on Ballard Rd to 116 NY-32. From South: Take I-87 N to NY-9P S/Union Ave in Saratoga Springs. Take exit 14 off of I-87 N. Take Meadowbrook Rd, Co Rd 6 and NY-32 N to 116 NY-32.

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $229/SqFt
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Housing Market Comparison

See how this home compares to others in Saratoga, NY.

Med. Sold Price

$397.5K

Med. Price/SqFt

$242

Avg. Days On Market

127

# of Sold Homes

2

116 Nys Rt 32 vs Saratoga

122 DAYS ON ROCKET

-5 Days

$799,000

+$401.5K More

$229/SqFt

-$13 Less

KEY TAKEAWAY

This property is $401.5K more than the Median Sold Price and $13/SqFt less than other homes in Saratoga, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202421637

Listing Office:

  • Office Name: Principles Realty Group
  • Office Phone: (518) 330-3160
  • Listing Agent: Jerid Meagan

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/17/2024, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-658424
5
/10
  • Schuylerville Elementary School

  • 14 Spring St

  • 1.97 miles

  • Public District Grades KG-5

school-card-donut-658425
5
/10
  • Greenwich Elementary School

  • 10 Gray Ave

  • 5.53 miles

  • Public District Grades PK-6

school-card-donut-658426
6
/10
  • Dorothy Nolan Elementary School

  • 221 Jones Rd

  • 7.73 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,342. The majority of Saratoga, NY residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›New York›Saratoga County›Saratoga›12871›116 Nys Rt 32

This home is located at 116 Nys Rt 32 in Saratoga, NY and zip code 12871. This 3,484 square foot home, which was built in 1950, sits on a 160.30 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $799,000.

Saratoga, NY housing market in October 2024 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. In October 2024 in Saratoga, NY there were 17.6% less homes for sale than in September 2024. While the average time on the market in October 2024 was 127 days, the median list price was $397,500.

From Rocket Homes Real Estate and based on county public records data.

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