Score
0Wappingers Falls, NY
8 Railroad Avenue
400K
3 beds
1 baths
800 sqft
3 bd • 1 ba • 800 sf
This analysis was generated on 2/14/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$399,900
Price/Sq.Ft
$500
Year Built
1935
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The property boasts a first-floor bedroom and a full bath on the first floor, offering convenience and accessibility. This feature is particularly beneficial for individuals with mobility issues or those seeking single-level living.
• The listing highlights several modern features, including cathedral ceilings, an open floor plan, quartz/quartzite counters, and recessed lighting. These upgrades contribute to a contemporary aesthetic and enhance the property's appeal. The inclusion of Cafe appliances in the kitchen is a notable upgrade, suggesting a high-end renovation.
• The property is located within walking distance of the New Hamburg train station, providing convenient access to public transportation. This is a significant advantage for commuters who work in New York City or other areas along the Metro-North Hudson Line. Commuting time to Grand Central Terminal is approximately 1 hour and 30 minutes.
• The listing emphasizes the property's proximity to various amenities, including marinas, trails, shopping, and dining. This convenient location offers residents easy access to recreational opportunities and essential services.
The Bad
• The property is located in FEMA Zone X_SHADED with an extreme flood risk of 9/10. This necessitates flood insurance, which is a significant added expense. Given the flood risk, potential buyers should obtain quotes from multiple insurance providers to accurately assess the cost. Standard homeowner's insurance typically does not cover flood damage, requiring a separate policy.
• At $499.88 per square foot, the property is priced significantly higher than the average for Wappingers Falls. According to recent market data, the median price per square foot for similar single-family homes in the area is closer to $350-$400. This discrepancy suggests that the property may be overpriced relative to its size and location.
• The home's size, 800 square feet, is relatively small for a 3-bedroom house. The average size of a 3-bedroom home in Wappingers Falls is typically between 1,200 and 1,500 square feet. This limited space could be a drawback for buyers seeking more room for a growing family or for entertaining guests.
• The property's listing history reveals price volatility. It was sold for $120,000 in August 2024, and now it is listed for $399,900 in January 2025. While renovations may justify some of the increase, a 233.3% price jump in such a short period warrants careful scrutiny. Buyers should investigate the extent and quality of the renovations to determine if they justify the price increase.
The Ugly
• The combination of high property taxes in Dutchess County and potential flood insurance costs creates a significant financial burden. Buyers should factor in these expenses when assessing affordability. Property taxes in the area average around 2% of the assessed value annually. Combined with flood insurance, the total annual cost could be substantial.
• The property's small size (800 sqft) relative to the number of bedrooms (3) may result in cramped living spaces. This could be a significant drawback for families or individuals who value spaciousness and privacy. Consider the layout carefully to ensure it meets your needs.
• The property's age (built in 1935) means that it may be subject to hidden issues and require ongoing maintenance. Older homes often have outdated electrical and plumbing systems, which can lead to costly repairs. A thorough inspection is essential to identify any potential problems.
• While the listing mentions a backyard oasis, the property's proximity to the Hudson River and the flood risk may result in mosquito infestations. Mosquitoes thrive in standing water, and the riverfront location could exacerbate the problem. Buyers should be prepared to take measures to control mosquitoes, such as using repellent and eliminating standing water.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Individuals seeking a compact, move-in-ready home in a walkable location near public transportation. The property's proximity to the New Hamburg train station makes it suitable for commuters.
• Buyers who appreciate modern renovations and are willing to invest in flood mitigation measures. The updated kitchen and overall aesthetic appeal to those seeking a turnkey property.
• Individuals who value outdoor living and entertainment space. The large deck and backyard offer opportunities for relaxation and gatherings.
• Buyers looking for a home near local amenities and recreational opportunities. Its location is close to marinas, trails, shopping, and dining.
Not For
• Buyers seeking a large home or substantial living space. The 800 sqft size may not be suitable for those needing more room.
• Individuals with mobility issues. While there is a first-floor bedroom and full bath, the overall layout and potential for steps may not be ideal.
• Buyers on a tight budget. The high price per square foot and potential flood insurance costs may strain the budget.
• Those who dislike train noise. If noise is a concern, the proximity to the train station may be a deterrent.
Demographics
Area Median Income
$96,726
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 30, 2024369 Overlook Llc8 Railroad Holdings Llc
Deed
Non-Arm's Length Transactions
$120,000Cash Purchase
Aug 29, 2024Tammy M Ferris, William A Ferris369 Overlook Llc
Deed
Non-Residential Arm's Length Transactions
Property Taxes
$0
2023 Tax Assessment
Assessed Value$176,000
Tax Rate0.00%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Middle
6.0/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,220
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$399,900
Price/sqft
$500
Layout
3 bd•1 ba
Days on market
14 daysat time of analysis
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$150,000
166.6%
Your price is 166.6% above average
Median Price
$150,000
166.6%
Based on 1 recent sales
Price per Sq.Ft
N/A
No price per sq.ft data available
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 43 MARLORVILLE Road, Hughsonville, NY 12590 | $150,000 | N/A | N/A | N/A | N/A | 12/4/2024 |
43 MARLORVILLE Road, Hughsonville, NY 12590
Price: $150,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/4/2024
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
