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    119 Brussell Street Wells, NY 12190

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    Claim this Listing
    For Sale
    $275,000

    Farm / Farmhouse, House (Detached) - Wells, NY

    Type:Farm
    Property size:
    1,584 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $173/SF
    Added:
    Mar 11, 2026
    Days on Market:
    52
    Last Refresh:
    May 1 at 1:06 pm

    Property Features for 119 Brussell Street

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    Portion of 130.006-1-1.111
    Size
    1,584 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)

    Building Details

    Year built
    1820
    Year renovated
    1820
    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Deborah Abbott

    Listing agent Deborah Abbott

    Listing office ALICIA C MILLER REAL ESTATE INC MAIN ST RT 30 POB 328, WELLS, NY

    Listing date Mar 11, 2026

    MLS# 11673244 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Farmhouse with River Views

    This renovated farmhouse offers views of the Sacandaga riverfront. The three-bedroom, two-bathroom home features an open living room, kitchen, and dining area, blending vintage charm with modern comforts. The home was completely renovated, preserving historic character with exposed barn wood beams and high ceilings. Interior walls are sheet rocked and feature modern recessed lighting and mini-split for heat. The exterior has vinyl siding and a new metal roof. The kitchen includes a separate workstation nook. A laundry room is equipped with a washer and dryer, and there is a separate full bath. The main living space features high ceilings, exposed beams, and doors leading to a covered porch with views. The main floor bedroom includes a large closet and a private bathroom with a walk-in shower. Upstairs, there are two additional bedrooms and an open area suitable for an office or workout space. A full basement with crawl space provides storage. The property includes a covered porch on the river view side and an attached carport off the back. The location offers snowmobiling access to trails and is near three ski areas within 25 miles. The property is situated on 0.537 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel Grocery & Convenience Store Cafe & Coffee Shop Bed & Breakfast (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    Hamilton
    State
    New York
    Longitude
    -74.27518
    Latitude
    43.414832

    FAQs

    What type of property is this?
    Farm - Charming three-bedroom farmhouse with modern amenities and historic character.
    Where is this farm located?
    The property is located at 119 Brussell Street Wells, NY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Completely renovated farmhouse with vintage charm and modern comforts.; Sacandaga riverfront views from covered porch.; Three bedrooms, two bathrooms, open living space with exposed beams and high ceilings.
    (518) 924-4255
    We can help!
    Listing Contact
    Deborah Abbott
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    119 Brussell Street, Wells, NY 12190

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