OFF MARKET
51 Fairway Drive
Freehold, NY 12431
Studio
2 Baths
- Studio
- 2 Baths
Studio
2 Baths
(on 5.35 acres)
Homes for Sale Near 51 Fairway Drive
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Local Information
© Google
-- mins to
Commute Destination
Description
This property is no longer available to rent or to buy. This description is from April 13, 2024
This two-family home with amazing mountain views is so charming with its Bavarian chalet vibes! It’s ideally suited for an investor looking for a multi-family rental property or co-buyers who’d like to go in on a two-unit building together. Each unit consists of 2 bedrooms and 1 full bathroom and has beautiful wood ceilings and beams (tall vaulted ceilings in the upper unit) that add a ton of warmth throughout. The kitchens are open to the living and dining areas and have plenty of counter space for cooking and entertaining. The lower unit has sliding glass doors that open onto a covered patio and the lawn beyond, while the upper unit has an expansive wrap-around deck that captures the stunning mountain views! The property is set far back from County Road 67 but also accessible from Fairway Dr, which is a private road. Its 5.35 acres of mostly open land border the Thunderhart Golf Course on one side, making it ideal for those who enjoy golfing as well. Located in the hamlet of Freehold in the town of Greenville (with low Greene County taxes), this property is just 10 mins to shops, restaurants, and a drive-in theater in Greenville, Cairo, and Oak Hill. It’s 25 mins to Catskill, 25-35 mins to skiing in Windham and Hunter Mountain, and only 2 hours from NYC! Current tenant is paying below-market rent. The lower unit is vacant but was recently getting $850/mo while the upper unit rent is currently $950/mo (lease expires 11/31/22). The projected gross income for a full-time short-term rental property with 75% occupancy would be approximately $82,000 (28.6% cap rate) with potential for more income with a few cosmetic updates. For a long-term unfurnished rental, it would be approximately $27,600 (8.3% cap rate) and with fewer costs and maintenance. Cash buyers only. The property does not have a CO and would require some updates to meet building code. Happy to share engineer's report outlining scope of work to obtain CO.
Home Highlights
Parking
Open Parking
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 51 Fairway Drive
Interior Features |
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Interior Details Basement: None |
Beds & Baths Number of Bathrooms: 2 |
Appliances & Utilities Appliances: Refrigerator, Range, Electric Water HeaterRefrigerator |
Heating & Cooling Heating: Baseboard,ElectricHas CoolingAir Conditioning: Ceiling Fan(s)Has HeatingHeating Fuel: Baseboard |
Gas & Electric Electric: 200+ Amp Service |
View Has a ViewView: Mountain(s) |
Exterior Features |
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Exterior Home Features Roof: Asphalt ShinglePatio / Porch: Deck |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Driveway |
Frontage Road Surface Type: Gravel |
Water & Sewer Sewer: Septic Tank |
Property Information |
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Year Built Year Built: 1990 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi FamilyArchitecture: Chalet |
Building Construction Materials: Concrete, Frame, Stucco, Wood Siding |
Price & Status |
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Price List Price: $250,000 |
Status Change & Dates Off Market Date: Tue Sep 27 2022 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: Greenville |
School Information High School District: Greenville |
HOA |
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No HOA |
Lot Information |
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Lot Area: 5.35 Acres |
Offer |
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Listing Terms: Cash |
Compensation |
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Buyer Agency Commission: 2.50Buyer Agency Commission Type: %Sub Agency Commission: 0.00Sub Agency Commission Type: %Transaction Broker Commission: 0.00Transaction Broker Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity |
Rental |
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Owner Pays: Insurance, Taxes, Trash Collection, Other |
Miscellaneous |
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Mls Number: 20221850 |
Last check for updates: about 20 hours ago
Listed by Daniel Romero, (718) 207-4144
Compass Greater NY, LLC
Megan Brenn-white, (917) 622-4333
Keller Williams Realty HV Nort
Bought with: NON MLS OFFICE
Source: UCBR, MLS#20221850
Price History for 51 Fairway Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 04/19/2024 | ListingRemoved | UCBR #20211811 | |
| 10/06/2022 | $255,000 | Sold | UCBR #20221850 |
| 08/12/2022 | $250,000 | Pending | UCBR #20221849 |
| 06/16/2022 | $250,000 | PriceChange | UCBR #20221849 |
| 06/24/2021 | $280,000 | Pending | UCBR #20211810 |
| 05/20/2021 | $280,000 | Listed For Sale | UCBR #20211810 |
| 08/15/2019 | $229,000 | ListingRemoved | Agent Provided |
| 01/12/2019 | $229,000 | PriceChange | Agent Provided |
| 11/07/2018 | $239,000 | PriceChange | Agent Provided |
| 10/15/2018 | $249,000 | PriceChange | Agent Provided |
| 09/14/2018 | $259,000 | PriceChange | Agent Provided |
| 08/14/2018 | $269,000 | Listed For Sale | Agent Provided |
Comparable Sales for 51 Fairway Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
2.11 | Multi-Family Home | $235,000 | 10/20/23 | 6 | 4 | 4,224 | |
3.86 | Multi-Family Home | $382,000 | 05/22/23 | 4 | 5 | 2,226 | |
3.83 | Multi-Family Home | $199,000 | 11/17/23 | 4 | 2 | 1,646 | |
4.28 | Multi-Family Home | $400,000 | 06/05/23 | 8 | 5 | 3,800 | |
3.71 | Multi-Family Home | $151,000 | 01/22/24 | - | - | ||
3.79 | Multi-Family Home | $350,000 | 09/08/23 | - | - |
Assigned Schools
These are the assigned schools for 51 Fairway Drive.
- Scott M Ellis Elementary School
- K-5
- Public
- 460 Students
3/10GreatSchools RatingParent Rating AverageThis school is Disgusting. It's sad that they are teaching what will be our future.Parent Review5y ago - Greenville High School
- 9-12
- Public
- 368 Students
6/10GreatSchools RatingParent Rating AverageSo far wonderful. Great communication. With teachers,guidance counselor as well as the bus garage. Very welcoming staff. My daughter is new to the district this year and entered in the 9th Grade. No problem with communication with teachers. Nice atmosphere. My daughter made friends the 1st day. ( this can be scary as a parent of a teenager) being accepted. But the staff assured me she will do great! And she is! The teachers are so helpful and this may sound funny but they are “hip”. They have a unique way of teaching..from laptops to combining lessons between “2” different courses (ex: The Social Studies and English teachers coordinate their lesson plan) to the teacher sending parents “text messages” about upcoming tests. And theCafeteria choices are so healthy! Small school with attention to detail! So far very happy with the district. Also when I meet teachers from other school Districts and they ask where my daughter goes to school they talked very highly of this district and that makes me very proudParent Review6y ago - Greenville Middle School
- 6-8
- Public
- 267 Students
4/10GreatSchools RatingParent Rating AverageIf you want you want your child bullied by teachers, principle and students than this is the school for you. The victim is blamed for coming forward.Parent Review9y ago 
Check out schools near 51 Fairway Drive.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
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IDX information © 2024 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved.
The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc.
Information is deemed reliable but is not guaranteed accurate by the MLS. 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 consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed reliable but is not guaranteed accurate by the MLS. 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 consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 51 Fairway Drive
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Off Market Homes Near 51 Fairway Drive
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SOLDAPR 23, 2024Core Real Estate Team, Closed- SOLDAPR 2, 2024
- SOLDMAR 4, 2024
- SOLDJAN 25, 2024
- SOLDJAN 22, 2024
See more homes for sale inFreeholdTake a look
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51 Fairway Drive, Freehold, NY 12431 is a studio, 2 bathroom multi-family built in 1990. This property is not currently available for sale. 51 Fairway Drive was last sold on Oct 6, 2022 for $255,000 (2% higher than the asking price of $250,000). The current Trulia Estimate for 51 Fairway Drive is $264,400.