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Putnam
116 Lake Drive
Photo of 116 Lake Drive

25

Map

Photo of 116 Lake Drive
Photo of 116 Lake Drive
$375,000
↓ $30K (7.4%)
● House - For Sale

116 Lake Drive

Putnam Valley, NY 10537
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,323 Ft²
$2,774
Est. Monthly

About This Property

Welcome to 116 Lake Drive, an investors dream, a retreat offering lake access just across the road-perfect for peaceful mornings and scenic views. Ideally located near the Taconic Expressway, this home provides the perfect balance of tranquility and convenience. Recent updates include a newer roof and gutters, a 150-amp electrical panel, and a new oil tank installed in 2023, offering comfort, efficiency, and peace of mind. Whether you're searching for a weekend escape or a full-time residence, this inviting home is ready for you to settle in and enjoy. *Additional Lot Included in Sale, repairs needed throughout* home has a new well pump, new tank and new electric for the well pump.
Unit Size
1,323 Ft²
Days on Market
146 days
Land Size
0.19 acres
Price per sqft
$283
Property Type
House
Property Taxes
$932
HOA Dues
-
Year Built
1940

Listed By

Ramanjit Dhanoa

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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: 10 days ago (OneKey MLS #KEY996109)

Price History

Date / Event Date Event Price
Sep 19, 2026 Price Decreased $375,000
↓ $30K (7.4%)
Price Decreased
Aug 15, 2026 Price Decreased $405,000
↓ $10K (2.4%)
Price Decreased
Jun 25, 2026 Price Decreased $415,000
↓ $20K (4.6%)
Price Decreased
May 6, 2026 Listed by eXp Realty $435,000
Listed by eXp Realty
May 2, 2025 In contract -
In contract
Show More

Property Highlights

Parking Details
Has Carport
Has Open Parking
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Other, First Floor Bedroom, First Floor Full Bath
Appliances: Electric Water Heater, Refrigerator
Rooms: 10
Basement: Walk-Out Access, See Remarks
Exterior Details
Square Footage: 1323
Square Footage Source: $0
Architectural Style: Cape Cod
Year Built: 1940
Waterfront Features: Water Access
Building Area Total: 1323
Building Area Units: Square Feet
Construction Materials: Other
Lot Features: Views
Lot Size Area: 8242
Lot Size Units: Square Feet
Lot Size Acres: 0.1892
Lot Size Square Feet: 8242
Water Source: Well
Financial Details
Tax Assessed Value: $341,600
Tax Annual Amount: $11,187
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Electric, Oil, Hot Water, Other
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,240
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,323
  • Building Area: 1,323
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,323
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Putnam Valley Central School District
  • School Tax School District: PUTNAM VALLEY
  • Census Tract: 011000

Zoning

  • Zoning: LP

Geography

  • District: 372800
  • Section: 83.74
  • Parcel: 372800 83.74-2-15
  • Block: 2
  • Lot: 15.000
  • Municipality: PUTNAM VALLEY
  • Latitude: 41.3386
  • Longitude: -73.8792

    Address

  • Full Address: 116 Lake Shore Rd
  • Address - House Number: 116
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Putnam Valley
  • Carrier Code: R001
  • 4-Digit Zip Code: 1312
  • Zip Code: 10579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,734,099
  • Initial Tax Delinquent Year: 2024
  • Tax Rate Code Area: 372803

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 459,986
  • High Value: 527,530
  • Low Value: 392,443

    Market Valuation

  • Market Total Value: $341,600
  • Market Land Value: $92,200
  • Market Improvement Value: $249,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $341,600
  • Assessed Land Value: $92,200
  • Assessed Improvements Value: $249,400
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 Putnam

Stats & Trends

Median Asking:

$577,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2455 ft²

Average Home Age

57.4 years

Currently For Sale

275 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

Unit for rent at 8 Anton Place, Lake Peekskill, NY, 10537

$3,095 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
8 Anton Place, Lake Peekskill, NY, 10537 Listing by Jorge A. Guerrero Jr
Unit for rent at 1707 Marie Lane, Mohegan Lake, NY, 10547

$7,995 /mo

  • 4 Beds
  • 3 Baths
  • 3,360 ft²
1707 Marie Lane, Mohegan Lake, NY, 10547 Listing by Tulay Erdem
Unit for rent at 39 Helena Avenue, Mohegan Lake, NY, 10547

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
39 Helena Avenue #1, Mohegan Lake, NY, 10547 Listing by John Quartararo

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 10 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 116 Lake Drive built and last sold?
The property at 116 Lake Drive was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 Lake Drive is $380,607.
What are some comparable homes to 116 Lake Drive?
There are currently no comparable homes to 116 Lake Drive.
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