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Armonk 10504
1 Shoemaker Lane
$830,000
● Land - Off Market

1 Shoemaker Lane

North Castle, NY 10504
bedrooms
Studio
bathrooms
0 Bath
$901,045
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Build your Dream Home! Approved Plans to build the 6500 SF home with pool site and incredible panoramic views. Or create your own plans to build a home on this 2 acre lot. Located in Wampus Mills, the new luxury development approximately 1 mile to charming downtown Armonk, shopping, restaurants, schools, parks and more. 38 minute express train to Grand Central. Natural Gas and Sewer with underground utilities. Construction Site. Do not walk property without scheduling an appointment.
Unit Size
-
Days on Market
-
Land Size
2.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$327
HOA Dues
-
Year Built
2022

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (OneKey MLS #H6090525)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Mar 10, 2022 Sold
Premium
Sold
Jan 14, 2021 Listed by Compass Greater NY, LLC $875,000
Listed by Compass Greater NY, LLC
Aug 20, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,589
  • Garage Type: 1
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 5,365
  • Building Area: 5,365
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 5,365
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FINAL PLAT WAMPUS MILLS SUBDIVISION
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Byram Hills Central School District
  • School Tax School District: BYRAM HILLS
  • Census Tract: 012303

Zoning

  • Zoning: R-1A

Geography

  • Account Number: R1A
  • District: 553800
  • Section: 101.03
  • Parcel: 553800 101.03-2-7.1
  • Block: 2
  • Lot: 7.001
  • Municipality: NORTH CASTLE
  • Latitude: 41.1392
  • Longitude: -73.7111

    Address

  • Full Address: 1 Shoemaker Ln
  • Address - House Number: 1
  • Address - Street Name: Shoemaker
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Armonk
  • Carrier Code: C006
  • 4-Digit Zip Code: 1468
  • Zip Code: 10504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $483,333
  • Tax Rate Code Area: 553801

    Appraisal Valuation

  • Standard Deviation: 0.0924
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 91
  • Final Value: 3,685,729
  • High Value: 4,026,344
  • Low Value: 3,345,114

    Market Valuation

  • Market Total Value: $2,900,000
  • Market Land Value: $218,182
  • Market Improvement Value: $2,681,818

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,850
  • Assessed Land Value: $3,600
  • Assessed Improvements Value: $44,250

    Sales

  • Current Sale Contract Date: Apr 03, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 3228
  • Previous Sale Recording Date: Mar 10, 2022
  • Previous Sale Contract Date: Mar 09, 2022
  • Previous Sale Amount: $830,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Armonk

Stats & Trends

Median Asking:

$1,525,000

Sale Price/ft²

$487

Below Asking

0.02%

Average Days on Market

100

Average Home Size

5191 ft²

Average Home Age

39.8 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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OneKey

Last Updated: 5 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1 Shoemaker Lane built and last sold?
The property at 1 Shoemaker Lane was built in 2022 and last sold on Apr 3, 2023 for $2,900,000.
How much is this home worth?
The estimated value of the home located at 1 Shoemaker Lane is $0.
What are some comparable homes to 1 Shoemaker Lane?
There are currently no comparable homes to 1 Shoemaker Lane.
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