3408 Us Highway 209 · Stone Ridge, NY 12484

$599,000

3 bd · 1.5 ba · 2,580 sqft · SingleFamily public records · 54 Days on market

Built 1875 3.55 ac lot $232/sqft · 30% below area Est $852k · 30% under

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Why this score? — see what drove the D 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 +10.8/30.0
• Schools +4.0/10.0
• 1% rule +3.3/10.0
• DSCR +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Set as the gateway to the hamlet of Stone Ridge, don't miss this charming colonial-style home on a corner lot. This stately, well-maintained circa 1875 home offers historic charm with its wide-plank hardwood floors, crown moulding, high ceilings and large windows bringing in tons of natural light. The first floor provides ample living space with a large bright living room with fireplace, a nicely sized dining room with built-in cabinets, large eat-in kitchen, powder room and oversize convenient laundry/mudroom. In addition, a large office with a separate entrance could serve many uses including studio, W@H space, home occupation, ADU (with proper permitting). etc. The second floor brings you to 3 bedrooms, one ensuite plus another full bath. The primary, located at the front of the home, is spacious with a more modernized bathroom but still ties into the historic charm of the home. This 3.5 acre parcel is well-manicured and landscaped with plenty of open yard space for outdoor opportunity. Spend summers on the private back yard patio featuring a covered deck and storage shed. Don't miss the 3-car garage and driveway placed off Mill Dam Road, perfect for parking and storing lawn and outdoor equipment. Recent updates include exterior paint, roof, septic tank, HWH, and patio. Included are solar panels to reduce electric expense. With 1 acre minimal required for subdivision, creation of a separate lot is possible, subject to approval. Just seconds outside of the center of Stone Ridge, a short drive to the Ashokan Reservoir and an easy drive to Kingston.

Key facts

• Large windows
• Colonial style home
• Crown moulding

Tags

• COLONIAL STYLE HOME
• CORNER LOT
• WIDE PLANK HARDWOOD FLOORS
• CROWN MOULDING
• HIGH CEILINGS
• LARGE WINDOWS

Property features AI

Exterior

• Parking: Detached garage; Driveway; Garage door opener; 3 garage spaces
• Utilities: Central Hudson electric service; Septic tank; Cable connected; Electricity connected; Phone available; Private trash collection
• Home design: Single family residence; Two levels; Entry includes original architectural details
• Construction: Clapboard, frame, and wood siding construction
• Exterior features: Back yard; Cleared and level areas; Partially wooded; Private setting; Patio; Garage(s) on property; Not waterfront

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator; Eat-in kitchen
• Bedrooms: 12 total rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Ceramic tile; Laminate; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom; Partial unfinished basement
• Heating & cooling: Forced air heating (oil); No central cooling
• Interior features: Ceiling fans; Chandelier; Eat-in kitchen; Formal dining room; High ceilings; His and hers closets; Natural woodwork; Original details; Primary bathroom; Washer/dryer hookup; Patio
• Laundry & utility: Laundry room; Washer; Dryer; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $599k.

Deal economics

• At list price, monthly cash flow is $-271 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $551k (8.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $495k (17.4% below list).
• Recommended offer: $495k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 2.1% in Stone Ridge — 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 59/100 on livability (#1,034 in NY) — a working-class tenant base; expect higher turnover. Strengths: crime A+, housing A-; Watch: employment C-, amenities F, commute F.
• Rondout Valley Central School District (rural): math 39% / reading 51% proficiency, ranked #447 of 590 in NY (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Marbletown Elementary School (math 52% / reading 64%, grade B-, #831 of 2,108 statewide, top 39%, 257 students, 36% FRL); Rondout Valley Junior High School (math 27% / reading 42%, grade F, #483 of 729 statewide, top 68%, 243 students, 42% FRL); Rondout Valley High School (math 87% / reading 64%, grade A-, #623 of 1,100 statewide, top 57%, 569 students, 41% FRL).
• Market conditions: 26 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 464 units permitted in Ulster County in 2024 (170 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.
• Ulster County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($581k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $51k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $599k implies a 836% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1875 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $495,000 (17.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1875 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.94%
• DSCR: 0.91
• GRM: 10.1

CMA / ARV

• ARV (median comp): $851,747
• List price: $599,000
• Delta: -29.67%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Van Derburgh Close	0.33mi	3/2.0	2,285 (-11%)	7mo	$1,295,000	$567	58
78 Duck Pond Rd	0.26mi	3/2.5	2,268 (-12%)	11mo	$525,000	$231	54
3370 Us Hwy 209	0.16mi	2/2.0 (-1)	2,250 (-13%)	23mo	$501,000	$223	45

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: -19.5%
• Equity multiple: 0.32×
• Total profit: $-114,232
• Equity at exit: $89,313

10-year hold

• IRR: -12.2%
• Equity multiple: 0.28×
• Total profit: $-121,299
• Equity at exit: $51,791

Cash invested: $167,720 (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 12484

• Home prices YoY: -7.5%
• Active inventory: 26
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $4,950 medium
• Mortgage (P&I): −$3,141
• Tax from tax record: −$791 /mo · $9,490/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,040
• Net cashflow: $-271

Break-even live

Break-even rent $5,293

Max offer price $551,103

Occupancy floor —

Sensitivity live

Price	-10% $68	-5% $-102	+0% $-271	+5% $-441	+10% $-610
Rent	-10% $-662	-5% $-467	+0% $-271	+5% $-76	+10% $120
Rate	-1.0pp $31	-0.5pp $-119	base $-271	+0.5pp $-426	+1.0pp $-584

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: $149,750
• Closing costs: $17,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3714 Main St Stone Ridge, NY	3.0	3.0	2200	$4,950	$2.25	45d	1	0.85mi

Listing history 19 events

1. 2026-06-21
   days on market $599,000 Active 54 DOM
2. 2026-06-19
   days on market $599,000 Active 52 DOM
3. 2026-06-18
   days on market $599,000 Active 51 DOM
4. 2026-06-17
   days on market $599,000 Active 50 DOM
5. 2026-06-16
   days on market $599,000 Active 49 DOM
6. 2026-06-15
   days on market $599,000 Active 48 DOM
7. 2026-06-14
   days on market $599,000 Active 46 DOM
8. 2026-06-12
   days on market $599,000 Active 45 DOM
9. 2026-06-09
   days on market $599,000 Active 42 DOM
10. 2026-06-08
    days on market $599,000 Active 41 DOM
11. 2026-06-07
    days on market $599,000 Active 40 DOM
12. 2026-06-03
    days on market $599,000 Active 36 DOM
13. 2026-06-02
    days on market $599,000 Active 35 DOM
14. 2026-06-01
    days on market $599,000 Active 34 DOM
15. 2026-05-31
    days on market $599,000 Active 33 DOM
16. 2026-05-30
    days on market $599,000 Active 32 DOM
17. 2026-04-28
    listed $650,000 Active 1575-char remark

    Show marketing remark (1575 chars)

    Set as the gateway to the hamlet of Stone Ridge, don't miss this charming colonial-style home on a corner lot. This stately, well-maintained circa 1875 home offers historic charm with its wide-plank hardwood floors, crown moulding, high ceilings and large windows bringing in tons of natural light. The first floor provides ample living space with a large bright living room with fireplace, a nicely sized dining room with built-in cabinets, large eat-in kitchen, powder room and oversize convenient laundry/mudroom. In addition, a large office with a separate entrance could serve many uses including studio, W@H space, home occupation, ADU (with proper permitting). etc. The second floor brings you to 3 bedrooms, one ensuite plus another full bath. The primary, located at the front of the home, is spacious with a more modernized bathroom but still ties into the historic charm of the home. This 3.5 acre parcel is well-manicured and landscaped with plenty of open yard space for outdoor opportunity. Spend summers on the private back yard patio featuring a covered deck and storage shed. Don't miss the 3-car garage and driveway placed off Mill Dam Road, perfect for parking and storing lawn and outdoor equipment. Recent updates include exterior paint, roof, septic tank, HWH, and patio. Included are solar panels to reduce electric expense. With 1 acre minimal required for subdivision, creation of a separate lot is possible, subject to approval. Just seconds outside of the center of Stone Ridge, a short drive to the Ashokan Reservoir and an easy drive to Kingston.

18. 2026-04-28
    listed $650,000 Active 1575-char remark

    Show marketing remark (1575 chars)

    Set as the gateway to the hamlet of Stone Ridge, don't miss this charming colonial-style home on a corner lot. This stately, well-maintained circa 1875 home offers historic charm with its wide-plank hardwood floors, crown moulding, high ceilings and large windows bringing in tons of natural light. The first floor provides ample living space with a large bright living room with fireplace, a nicely sized dining room with built-in cabinets, large eat-in kitchen, powder room and oversize convenient laundry/mudroom. In addition, a large office with a separate entrance could serve many uses including studio, W@H space, home occupation, ADU (with proper permitting). etc. The second floor brings you to 3 bedrooms, one ensuite plus another full bath. The primary, located at the front of the home, is spacious with a more modernized bathroom but still ties into the historic charm of the home. This 3.5 acre parcel is well-manicured and landscaped with plenty of open yard space for outdoor opportunity. Spend summers on the private back yard patio featuring a covered deck and storage shed. Don't miss the 3-car garage and driveway placed off Mill Dam Road, perfect for parking and storing lawn and outdoor equipment. Recent updates include exterior paint, roof, septic tank, HWH, and patio. Included are solar panels to reduce electric expense. With 1 acre minimal required for subdivision, creation of a separate lot is possible, subject to approval. Just seconds outside of the center of Stone Ridge, a short drive to the Ashokan Reservoir and an easy drive to Kingston.

19. 1981-02-20
    soldstatus $64,000

ⓘ 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: $9,490 · $791/mo
• Projected year-2 tax: $9,807 · $817/mo
• Expected delta: +$317/yr (+$26/mo · 3.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% 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: $59,400
• − Mortgage interest: −$33,553
• − Property taxes: −$9,490
• − Insurance: −$2,995
• − Repairs & maintenance: −$4,752
• − Management: −$4,752
• − Depreciation: −$17,425
• Taxable loss: −$13,568
• Est. tax savings @ 24.0%: +$3,256
• After-tax cash flow: $3/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: Rondout Valley Central School District
• NCES district ID: 3624960
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 51% ▲ 5.00%
• Median HH income: $59,408
• Composite: 39.5/100
• National rank: #3949
• State rank: #447 of 590 in NY

Livability — Stone Ridge

• Score: 59/100
• State rank: #1034
• US rank: #20461

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment C- Housing A- Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stone Ridge, NY
• Population (ZIP): 3,271

Population outlook (Ulster County) Hauer SSP2

• Today (2025): 175,887 people
• By 2030: 171,876 · -2.3%
• By 2040: 161,771 · -8.0%
• By 2050: 151,470 · -13.9%
• By 2075: 133,023 · -24.4%
• By 2100: 113,504 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 7% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Common ancestry: Scotch-Irish 7% Subsaharan African 6% Serbian 6%
• Foreign-born: 9%
• Languages at home: 90% English-only · Russian/Polish/Slavic 4% French/Haitian/Cajun 3% Spanish 2%

Political lean MEDSL · Ulster

• 2024 margin: D (+18.7) · D 59.3% · R 40.7%
• 2008→2024 swing: -4.9pp toward R · 2008: 23.6pp · 2024: 18.7pp
• All cycles: 2024: D+18.7 2020: D+20.9 2016: D+9.1 2012: D+21.9 2008: D+23.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.12%
• Current HPI: 357.0183
• 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

+835.9% since first listed

5 events — show timeline

• 2026-05-28 Price Changed $599,000 HVCRMLS
• 2026-05-28 Price Changed $599,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-28 Listed $650,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-28 Listed $650,000 HVCRMLS
• 1981-02-20 Sold (Public Records) $64,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $9,490 · -0.1% YoY. Source: county tax records.