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5949 State Route 23

Cincinnatus, NY 13040

5 bd 3 ba 2,590 sqft Built 1880 Lot 215,186 sqft multi_family
Most recent sale
$175,000
Apr 23, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 23, 2024 Sold $175,000 OtsegoDelaware
Nov 11, 2023 Price changed $185,000 OtsegoDelaware
Sep 23, 2023 Price changed $197,000 OtsegoDelaware
Aug 31, 2023 Price changed $209,000 OtsegoDelaware
Aug 12, 2023 Listed $219,000 OtsegoDelaware
Feb 28, 2017 Sold $120,000 Public Record
Feb 24, 2017 Sold $120,000 NYStateAlliance
Dec 8, 2016 Listing removed $129,000 CortlandCounty
Oct 31, 2016 Listed $129,000 CortlandCounty
Jan 16, 1998 Sold $72,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $101,100 $18,900 $120,000 $4,306
2024 $101,100 $18,900 $120,000 $4,591
2023 $101,100 $18,900 $120,000 $3,919
2022 $101,100 $18,900 $120,000 $3,946
2021 $101,100 $18,900 $120,000 $4,137
2020 $123,300 $13,900 $137,200 $4,947
2017 $123,300 $13,900 $137,200 $5,643
2016 $123,300 $13,900 $137,200 $6,305
2015 $123,300 $13,900 $137,200 $4,331
2014 $123,300 $13,900 $137,200 $7,574
2013 $123,300 $13,900 $137,200 $5,224
2012 $94,300 $13,900 $108,200 $3,547
2011 $94,300 $13,900 $108,200 $3,476
2010 $94,300 $13,900 $108,200 $3,429
2009 $94,300 $13,900 $108,200 $4,648
2005 $94,300 $13,900 $108,200 $1,503

Property facts

Year built
1880
Property type
multi_family
Stories
2
Beds
5
Baths
3
Living area
2,590 sqft
Lot size
215,186 sqft
ZIP code
13040
City
Cincinnatus
Street
State Route 23
Coordinates
42.53709, -75.88362

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,050
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 5949 State Route 23 last sell?
5949 State Route 23 most recently sold on Apr 23, 2024 for $175,000.
What is the current tax assessment for 5949 State Route 23?
The most recent total assessment for 5949 State Route 23 (year 2025) is $120,000 with $4,306 in property tax.
How does 5949 State Route 23's assessment compare to its last sale price?
The current assessment is 31.4% below the last sale price of $175,000.
When was 5949 State Route 23 built?
5949 State Route 23 was built in 1880.
How does 5949 State Route 23 compare to others on State Route 23?
We track 8 other properties on State Route 23. Browse the list under "Other properties on State Route 23" to compare beds, baths, and sale history.
What are the property facts for 5949 State Route 23?
5949 State Route 23 is a 5 bed, 3 bath, 2,590 sqft, 215,186 sqft lot multi_family.
Is 5949 State Route 23 a flip candidate?
No — 5949 State Route 23 does not appear in our flips dataset.
Is 5949 State Route 23 a tax-appeal candidate?
No — 5949 State Route 23 is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+7.1%
Implied 1-yr
+28.5%
2026 Q3
$311.3K
2026 Q4
$326.5K
ZIP 13040 — Median Price History + Forecast

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