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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.

62 Chestnut St Amsterdam, NY 12010

3 Beds 2 Baths 2,376 sqft Built 1900
Last updated:  Nov 28, 2019

INVESTimate

$134,575

$126K - $143K

Price Est.

$1,651

984 - $2.3K

Rent Est.

$139,420  ( +3.6%)   1 YR EST. FORECAST

62 Chestnut St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $56.64
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
62 Chestnut St, Amsterdam, NY 12010 is a single family home of 2,376 sqft. HomeUnion estimate for 62 Chestnut St includes a Price Estimate of $134,575 and a Rent Estimate of $1,651. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 14.72% and Total Return of 26.13%. The estimated 1 year forecast in home value for 62 Chestnut St is 3.6%.
  
  
  

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62 Chestnut St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AMSTERDAM HIGH SCHOOL High Regular 1,110 80 4

AMSTERDAM HIGH SCHOOL

  • Education Level: High
  • # of students: 1,110
  • # of teachers: 80
4
GreatSchools Rating
 

Financial Details

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Neighborhood

AMSTERDAM

  • 28,445

    POPULATION
  • 11,685

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : AMSTERDAM

HOUSEHOLDS
11,685
POPULATION

28,445

37.4%Renters
62.6%Home Owners
LABOR FORCE

 

56.0%White Collar
44.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,460

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 0.8%
$1,000-1,499 53.2%
>=$1,500 45.9%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 77.2%
Above $700 66.0%
Above $1,100 50.0%
Above $1,500 36.3%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 2,639 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 22.8%
$20K-$35K 18.7%
$35K-$60K 22.3%
$60K-$100K 20.7%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 20.0%
10-14 mins 13.1%
15-19 mins 10.0%
20-29 mins 16.4%
30-44 mins 19.1%
45-59 mins 10.9%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,460

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 0.8%
$1,000-1,499 53.2%
>=$1,500 45.9%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 77.2%
Above $700 66.0%
Above $1,100 50.0%
Above $1,500 36.3%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 2,639 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 22.8%
$20K-$35K 18.7%
$35K-$60K 22.3%
$60K-$100K 20.7%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 20.0%
10-14 mins 13.1%
15-19 mins 10.0%
20-29 mins 16.4%
30-44 mins 19.1%
45-59 mins 10.9%
>60 mins 6.3%

AMSTERDAM Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.8%
Construction 7.1%
Health Care & Social Assistance 17.1%
Manufacturing 14.2%
Public Administration 7.2%
Retail & Wholesale Trader 17.3%
Other 28.4%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.5%
15-19 6.1%
20-24 6.9%
25-44 23.6%
45-65 26.7%
66+ 19.1%
OCCUPATION

Occupation % Distribution
Construction 4.1%
Healthcare 10.0%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 10.3%
Production & Transportation 18.6%
Sales & Office 22.8%
Other 18.4%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 34.6%
Masters Degree 5.0%
Some College 19.6%
Some High School 15.5%
Other 11.6%

62 Chestnut St Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MONTGOMERY County , or the 12010 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 12086
  2. 12070