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    Seneca Lake View Property Title is generated by Realmo AI

    207 Dundee Starkey Road, Dundee, NY 14837

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    Claim this Listing
    For Sale
    $495,000

    LAND - Other - Dundee, NY

    Property size:
    1,296 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $381/SF
    Added:
    Apr 23, 2026
    Days on Market:
    24
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 207 Dundee Starkey Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Dining Room
    Parking features
    Garage
    Patio and Porch features
    Porch
    Interior features
    DiningArea, SeparateFormalLivingRoom, BedroomOnMainLevel, MainLevelPrimary, PrimarySuite
    Exterior features
    GravelDriveway
    Appliances
    ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator
    Standard status
    Active
    APN
    573489-114-004-0001-006-000-0000
    Size
    1,296 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    177759

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl, Varies
    Building materials
    VinylSiding
    Architectural style
    Other
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Jody Saunders
    Jody Saunders

    Listing agent Jody Saunders License #10401275949

    Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY

    Listing date Apr 23, 2026

    MLS# R1675975 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy panoramic Seneca Lake views from this elevated five‑acre property.
    • Benefit from an updated roof, heating system, and windows.
    • Located in the heart of the Finger Lakes wine region, close to attractions.
    • Three‑bedroom, two‑bath home with multiple living spaces.
    • Open, usable land with expansion potential.
    • Low annual property taxes (approximately $2,700).

    Overview

    This five-acre property offers views overlooking Seneca Lake. Positioned on the west side of the lake, the setting captures a wide stretch of water and hillside views. The property includes a three-bedroom, two-bath home with living and gathering spaces, including a living room, family room, kitchen, and dining area. A deck off the home provides a spot to take in the view and enjoy the natural surroundings. Recent updates include the roof, heating system, and windows. The five-acre parcel offers open, usable land with space to expand or create. Located in the Finger Lakes wine region, it is a short drive to Watkins Glen, Geneva, and Hammondsport, surrounded by wineries, breweries, restaurants, and year-round attractions. Located in the Dundee School District. The property size is 1296 square feet. Taxes are approximately $2,700 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Wine and Liquor Store Bed & Breakfast Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Dundee
    County
    Yates
    State
    New York
    Longitude
    -76.9225801
    Latitude
    42.5353639

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    FAQs

    What type of property is this?
    Residential land & home lot - Five-acre property with panoramic lake views and a three-bedroom home.
    Where is this residential land & home lot located?
    The property is located at 207 Dundee Starkey Road Dundee, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Enjoy **panoramic Seneca Lake views** from this elevated five‑acre property.; Benefit from an **updated roof, heating system, and windows.**; Located in the heart of the Finger Lakes wine region, close to attractions.
    (607) 742-7301
    We can help!
    Listing Contact
    Jody Saunders
    Jody Saunders
    Real Estate License ID: 10401275949
    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.

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