125 Stoneridge Dr · De Witt, NY 13214

$345,000

4 bd · 2.5 ba · 2,629 sqft · SingleFamily public records · 77 Days on market

Built 1950 0.63 ac lot $131/sqft · 20% below area Est $432k · 20% under ↓ 14% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.1/30.0
• Schools +6.2/10.0
• 1% rule +5.6/10.0
• DSCR +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 125 Stoneridge Drive, a spacious 2,629 SF home in the Jamesville-DeWitt School District offering 5 bedrooms, 2 full baths, and 1 half bath in a convenient location near highways, shopping, schools, LeMoyne College, Syracuse University, and downtown Syracuse. Set on an oversized 0.63-acre lot with a large backyard, this charming home features timeless curb appeal, an inviting front entry, and beautiful architectural character. Owned by the same owner for 58 years, this home offers a wonderful opportunity for its next owner to bring their own vision while enjoying its generous space, classic charm, built-ins throughout, and air conditioning. The first floor offers a primary bedroom and private bath, a living room with fireplace, dining room, eat-in kitchen, half bath, and a spacious family room with wet bar. Upstairs you’ll find four additional bedrooms and a full bath, plus walk-up access to the attic for added storage potential. Additional highlights include a full basement for extra storage, a detached 2-car garage with storage above, and hardwood floors believed to be beneath some of the carpeting. Come see this charming home today!

Key facts

• Private bath
• Large backyard
• 0.63 acre lot

Tags

• LARGE BACKYARD
• PRIVATE BATH
• LIVING ROOM WITH FIREPLACE
• WALK-UP ACCESS TO ATTIC

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $345k.

Deal economics

• At list price, monthly cash flow is $50 ($602/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $345k).
• Recommended offer: $324k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 3.8% in De Witt — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Jamesville-Dewitt Central School District (suburban): math 69% / reading 71% proficiency, ranked #124 of 590 in NY (top 21%) — strong family-tenant draw, lease renewals of 3-5y typical; only 13% free/reduced lunch — higher-income household profile.
• Market conditions: 32 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 616 units permitted in Onondaga County in 2024 (256 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Onondaga County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($324k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $324,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 7.8

CMA / ARV

• ARV (median comp): $431,884
• List price: $345,000
• Delta: -20.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 Wedgewood Ter	0.15mi	4/2.5	2,720 (+4%)	11mo	$406,000	$149	78
302 Wedgewood Ter	0.20mi	4/2.5	2,722 (+4%)	9mo	$501,100	$184	77
3956 E Genesee St	0.24mi	4/2.5	2,364 (-10%)	1mo	$465,000	$197	72
3847 E Genesee St	0.10mi	4/3.0	2,368 (-10%)	19mo	$350,000	$148	61
300 Windsor Dr	0.36mi	5/2.5 (+1)	2,412 (-8%)	19mo	$320,000	$133	49
207 Sherwood Dr	0.40mi	4/2.5	2,340 (-11%)	18mo	$312,000	$133	48
206 Lansdowne Rd	0.55mi	4/2.5	2,812 (+7%)	19mo	$460,000	$164	47
304 Cornwall Dr	0.70mi	4/3.5	2,408 (-8%)	4mo	$337,000	$140	46
119 Edgemont Dr	0.57mi	4/2.0	2,314 (-12%)	15mo	$387,000	$167	39
317 Albert Rd	0.62mi	3/3.0 (-1)	2,268 (-14%)	22mo	$365,000	$161	23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-52,369
• Equity at exit: $51,441

10-year hold

• IRR: -6.4%
• Equity multiple: 0.58×
• Total profit: $-40,100
• Equity at exit: $29,829

Cash invested: $96,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 13214

• Home prices YoY: -10.3%
• Active inventory: 32
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $3,673 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$898 /mo · $10,782/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$771
• Net cashflow: $50

Break-even live

Break-even rent $3,609

Max offer price $345,000

Occupancy floor 94%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
215 Locksley Rd Syracuse, NY	4.0	3.5	2352	$4,300	$1.83	14d	1	0.86mi
108 Harrington Rd Syracuse, NY	3.0	2.0	1800	$2,600	$1.44	14d	1	1.13mi

Listing history 13 events

1. 2026-06-13
   status $345,000 Pending 77 DOM
2. 2026-06-10
   days on market $345,000 Active Under Contract 77 DOM
3. 2026-06-09
   days on market $345,000 Active Under Contract 76 DOM
4. 2026-06-08
   days on market $345,000 Active Under Contract 75 DOM
5. 2026-06-07
   days on market $345,000 Active Under Contract 74 DOM
6. 2026-06-02
   days on market $345,000 Active Under Contract 69 DOM
7. 2026-06-01
   days on market $345,000 Active Under Contract 68 DOM
8. 2026-06-01
   status $345,000 Active Under Contract 67 DOM
9. 2026-05-31
   days on market $345,000 Active 67 DOM
10. 2026-05-30
    days on market $345,000 Active 66 DOM
11. 2026-05-02
    price $345,000 1169-char remark

    Show marketing remark (1169 chars)

    Welcome to 125 Stoneridge Drive, a spacious 2,629 SF home in the Jamesville-DeWitt School District offering 5 bedrooms, 2 full baths, and 1 half bath in a convenient location near highways, shopping, schools, LeMoyne College, Syracuse University, and downtown Syracuse. Set on an oversized 0.63-acre lot with a large backyard, this charming home features timeless curb appeal, an inviting front entry, and beautiful architectural character. Owned by the same owner for 58 years, this home offers a wonderful opportunity for its next owner to bring their own vision while enjoying its generous space, classic charm, built-ins throughout, and air conditioning. The first floor offers a primary bedroom and private bath, a living room with fireplace, dining room, eat-in kitchen, half bath, and a spacious family room with wet bar. Upstairs you’ll find four additional bedrooms and a full bath, plus walk-up access to the attic for added storage potential. Additional highlights include a full basement for extra storage, a detached 2-car garage with storage above, and hardwood floors believed to be beneath some of the carpeting. Come see this charming home today!

12. 2026-04-14
    price $375,000 1169-char remark

    Show marketing remark (1169 chars)

    Welcome to 125 Stoneridge Drive, a spacious 2,629 SF home in the Jamesville-DeWitt School District offering 5 bedrooms, 2 full baths, and 1 half bath in a convenient location near highways, shopping, schools, LeMoyne College, Syracuse University, and downtown Syracuse. Set on an oversized 0.63-acre lot with a large backyard, this charming home features timeless curb appeal, an inviting front entry, and beautiful architectural character. Owned by the same owner for 58 years, this home offers a wonderful opportunity for its next owner to bring their own vision while enjoying its generous space, classic charm, built-ins throughout, and air conditioning. The first floor offers a primary bedroom and private bath, a living room with fireplace, dining room, eat-in kitchen, half bath, and a spacious family room with wet bar. Upstairs you’ll find four additional bedrooms and a full bath, plus walk-up access to the attic for added storage potential. Additional highlights include a full basement for extra storage, a detached 2-car garage with storage above, and hardwood floors believed to be beneath some of the carpeting. Come see this charming home today!

13. 2026-03-25
    listed $399,000 Active 1169-char remark

    Show marketing remark (1169 chars)

    Welcome to 125 Stoneridge Drive, a spacious 2,629 SF home in the Jamesville-DeWitt School District offering 5 bedrooms, 2 full baths, and 1 half bath in a convenient location near highways, shopping, schools, LeMoyne College, Syracuse University, and downtown Syracuse. Set on an oversized 0.63-acre lot with a large backyard, this charming home features timeless curb appeal, an inviting front entry, and beautiful architectural character. Owned by the same owner for 58 years, this home offers a wonderful opportunity for its next owner to bring their own vision while enjoying its generous space, classic charm, built-ins throughout, and air conditioning. The first floor offers a primary bedroom and private bath, a living room with fireplace, dining room, eat-in kitchen, half bath, and a spacious family room with wet bar. Upstairs you’ll find four additional bedrooms and a full bath, plus walk-up access to the attic for added storage potential. Additional highlights include a full basement for extra storage, a detached 2-car garage with storage above, and hardwood floors believed to be beneath some of the carpeting. Come see this charming home today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $10,782 · $898/mo
• Projected year-2 tax: $10,782 · $898/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,074
• − Mortgage interest: −$19,325
• − Property taxes: −$10,782
• − Insurance: −$1,725
• − Repairs & maintenance: −$3,526
• − Management: −$3,526
• − Depreciation: −$10,036
• Taxable loss: −$4,846
• Est. tax savings @ 24.0%: +$1,163
• After-tax cash flow: $1,765/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jamesville-Dewitt Central School District
• NCES district ID: 3609090
• Math proficiency: 69% ▼ -8.00%
• Reading proficiency: 71% ▲ 3.00%
• Median HH income: $74,483
• Composite: 61.71/100
• National rank: #739
• State rank: #124 of 590 in NY

Livability — De Witt

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: De Witt, NY
• City population: 8,713
• Population (ZIP): 8,713

Population outlook (Onondaga County) Hauer SSP2

• Today (2025): 467,894 people
• By 2030: 463,381 · -1.0%
• By 2040: 447,697 · -4.3%
• By 2050: 426,399 · -8.9%
• By 2075: 373,661 · -20.1%
• By 2100: 307,967 · -34.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 14% Two or more races 9% Hispanic / Latino 7% Asian 5% Native American 1%
• Hispanic origin (detail): Dominican 3%
• Common ancestry: Romanian 6% Lithuanian 3% Italian 2%
• Foreign-born: 8% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 7% Chinese 2% Other Indo-European 2%

Political lean MEDSL · Onondaga

• 2024 margin: D (+17.3) · D 58.6% · R 41.4%
• 2008→2024 swing: -3.0pp toward R · 2008: 20.3pp · 2024: 17.3pp
• All cycles: 2024: D+17.3 2020: D+20.6 2016: D+12.8 2012: D+21.1 2008: D+20.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.16%
• Current HPI: 333.2268
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-13.5% since first listed

3 events — show timeline

• 2026-05-02 Price Changed $345,000 CNYIS
• 2026-04-14 Price Changed $375,000 CNYIS
• 2026-03-25 Listed $399,000 CNYIS

Property tax history

+6.4%/yr

Latest (2025): $10,782 · +2.8% YoY. Source: county tax records.