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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

496 Old Route 22 Amenia, NY 12501

4 Beds 2 Baths 3,120 sqft Built 1790
Last updated:  Jan 23, 2020

INVESTimate

$2,040,093

$1.85M - $2.23M

Price Est.

$2,844

$2.5K - $3.1K

Rent Est.

$2,103,336  ( +3.1%)   1 YR EST. FORECAST

496 Old Route 22 PROPERTY INFO

FACTS
  • Built In 1790
  • Price/Sqft : $653.88
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,120 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
496 Old Route 22, Amenia, NY 12501 is a single family home of 3,120 sqft. HomeUnion estimate for 496 Old Route 22 includes a Price Estimate of $2,040,093 and a Rent Estimate of $2,844. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1790. This property has an estimated 15 year annualized Yield of 1.67% and Total Return of 6.50%. The estimated 1 year forecast in home value for 496 Old Route 22 is 3.1%.
  
  
  

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496 Old Route 22 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEBUTUCK ELEMENTARY SCHOOL Primary Regular 277 19 3
WEBUTUCK HIGH SCHOOL High Regular 229 14 6

WEBUTUCK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 277
  • # of teachers: 19
3
GreatSchools Rating

WEBUTUCK HIGH SCHOOL

  • Education Level: High
  • # of students: 229
  • # of teachers: 14
6
GreatSchools Rating
 

Financial Details

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Neighborhood

AMENIA

  • 2,758

    POPULATION
  • 1,016

    HOUSEHOLDS
  • 51.7%

    WHITE COLLAR

Neighborhood : AMENIA

HOUSEHOLDS
1,016
POPULATION

2,758

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

51.7%White Collar
48.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,844 per month.

MY RENT : $2,844 MEDIAN RENT : $2,220

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.4%
>=$1,500 98.6%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,844 would therefore be considered affordable for annual household incomes greater than $113,760 (12 months x 3.333 x $2,844).

Rent % Affordability
Above $500 88.8%
Above $700 83.4%
Above $1,100 63.9%
Above $1,500 50.6%
Above $1,900 40.7%
HOUSEHOLD INCOME RANGE

Approximately 148 of households in this neighborhood have a total annual income of $113,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,844 per month.

MINIMUM INCOME RANGE : $113,760

Income % Distribution
<$20K 11.2%
$20K-$35K 9.7%
$35K-$60K 28.5%
$60K-$100K 23.9%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.6%
5-9 mins 14.2%
10-14 mins 10.7%
15-19 mins 15.4%
20-29 mins 12.3%
30-44 mins 8.5%
45-59 mins 8.2%
>60 mins 19.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,844 per month.

MY RENT : $2,844 MEDIAN RENT : $2,220

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.4%
>=$1,500 98.6%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,844 would therefore be considered affordable for annual household incomes greater than $113,760 (12 months x 3.333 x $2,844).

Rent % Affordability
Above $500 88.8%
Above $700 83.4%
Above $1,100 63.9%
Above $1,500 50.6%
Above $1,900 40.7%
HOUSEHOLD INCOME RANGE

Approximately 148 of households in this neighborhood have a total annual income of $113,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,844 per month.

MINIMUM INCOME RANGE : $113,760

Income % Distribution
<$20K 11.2%
$20K-$35K 9.7%
$35K-$60K 28.5%
$60K-$100K 23.9%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.6%
5-9 mins 14.2%
10-14 mins 10.7%
15-19 mins 15.4%
20-29 mins 12.3%
30-44 mins 8.5%
45-59 mins 8.2%
>60 mins 19.2%

AMENIA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.5%
Construction 14.6%
Educational Services 15.5%
Health Care & Social Assistance 12.3%
Information 4.9%
Retail & Wholesale Trader 15.3%
Other 28.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 19.0%
15-19 7.6%
20-24 8.5%
25-44 19.8%
45-65 30.0%
66+ 15.1%
OCCUPATION

Occupation % Distribution
Clean 7.7%
Healthcare 8.1%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 17.9%
Production & Transportation 6.1%
Sales & Office 28.0%
Other 19.6%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.8%
High School 28.2%
Masters Degree 9.9%
Some College 16.5%
Some High School 16.0%
Other 16.5%

496 Old Route 22 Comps

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