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1401 Park Lane
$1,537,500
● House - Off Market

1401 Park Lane

Pelham, NY 10803
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,000 Ft²
$2,275,803
RealtyHop Estimate
43.22%
Since Jul 1, 2020
NY-New York
Primary Model

About This Property

Modern luxury living in a classic colonial home! At the end of a picturesque block in Pelham Manor, 1401 Park Lane is a sprawling 4 bedroom, 4.5 bath, mint condition center hall colonial home which features an elegant pool, hot tub and pool house on .75 acres of landscaped property. The location and setting offer residents tranquility and unparalleled privacy. The home has been redesigned to create a spacious open floor plan, perfectly suited for 21st century living and elegant entertaining, while still preserving the bones and grace of the original construction. Features include a spacious chef's kitchen that opens to a great room with direct access to the grounds, pool, hot tub and pool house. The pool house has a kitchenette and fully retractable doors, providing a seamless indoor/outdoor living experience. Additional Information: ParkingFeatures:2 Car Attached,
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$397
Property Type
House
Property Taxes
$4,189
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (OneKey MLS #KEYH6017051)

Price History

Date / Event Date Event Price
Mar 6, 2020 Listed by Compass Greater NY, LLC $1,589,000
Listed by Compass Greater NY, LLC
Jun 17, 2020 Sold
Premium
Sold
Aug 16, 2016 Sold
Premium
Sold
Mar 23, 2016 Listed by Compass Greater NY, LLC $1,799,000
Listed by Compass Greater NY, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 408
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 32,819
  • Lot Size Depth Feet: 2,520
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,856
  • Building Area: 3,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,856
  • Heating Fuel Type: 4

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROPERTY BELONGING TO WILLIAM B RANDALL
  • Land Acres: 0000000753
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Pelham Union Free School District
  • School Tax School District: PELHAM
  • Census Tract: 005500

Zoning

  • Zoning: RAAA

Geography

  • Account Number: 03310000
  • District: 554405
  • Section: 167.46
  • Parcel: 554405 167.46-1-12
  • Block: 1
  • Lot: 12.000
  • Municipality: PELHAM MANOR
  • Latitude: 40.885
  • Longitude: -73.798

    Address

  • Full Address: 1401 Park Ln
  • Address - House Number: 1401
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Pelham
  • Carrier Code: C011
  • 4-Digit Zip Code: 3515
  • Zip Code: 10803

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,507,635
  • Tax Rate Code Area: 554401

    Appraisal Valuation

  • Standard Deviation: 0.2423
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 1,818,448
  • High Value: 2,259,228
  • Low Value: 1,377,669

    Market Valuation

  • Market Total Value: $1,777,000
  • Market Land Value: $536,500
  • Market Improvement Value: $1,240,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,777,000
  • Assessed Land Value: $536,500
  • Assessed Improvements Value: $1,240,500

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jun 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 601623795
  • Previous Sale Recording Date: Aug 16, 2016
  • Previous Sale Contract Date: Jul 29, 2016
  • Previous Sale Amount: $1,695,000
  • 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 the area

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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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$2,399 /mo

  • 1 Bed
  • 1 Bath
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Unit for rent at 168 Hillside Avenue, Mount Vernon, NY 10553

$2,900 /mo

  • 3 Beds
  • 1 Bath
168 Hillside Avenue #2, Mount Vernon, NY 10553 Listing by Steven BenShabat

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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1401 Park Lane built and last sold?
The property at 1401 Park Lane was built in 1949 and last sold on Jun 17, 2020 for $1,537,500.
How much is this home worth?
The estimated value of the home located at 1401 Park Lane is $1,611,680.
What are some comparable homes to 1401 Park Lane?
There are currently no comparable homes to 1401 Park Lane.
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