Owner
$650,295
3696 FREETOWN CROSS RD, MARATHON, NY
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
2,604
property type
Rural/Agricultural Residence
hoa
No
About
Residential
Building Quality D
Average Condition
Living Area
Underground/Basement
1 Story
Full Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2004
Building Size
2,604 sq ft
Lot Size
642,074 sq ft
Lot Size (Acres)
14.74 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
112600 120.00-09-06.000
County
Cortland County, New York
Metro Area
Cortland, NY
Zoning
—
Neighborhood/Subdivision
—
Lot Number
6.000
School District
Marathon Central School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$413,706
Building Value
$366,433
Land Value
$47,273
Annual Property Tax
$6,519
Tax Assessment Year
2024
Assessed Value
$295,800
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
1/11/2023
Recording Date
1/18/2023
Sales Document #
2023.198
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$25,163
Return on Investment
15.60%
After Repair Value
$715,325
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$585,266
Renovation Cost
$32,515
Closing Costs (buying)
$11,705
Holding Costs
$17,757
Selling Costs
$42,919
Total Investment
$161,273
After Repair Value (ARV)
$715,325
Total Costs
$690,162
Estimated Profit
$25,163
Cash Invested
$149,568
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area