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Orange 10950
1416 Lakes Road
$272,000
● House - Off Market

1416 Lakes Road

Warwick (Town), NY 10950
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,057 Ft²
$469,412
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

A home with many possibilities.  Charming cape cod home with the master bedroom on the second floor including a huge walk in closet and master bath. Adjacent to the master bedroom is an additional room which can be an exercise room, quilting room or artist's studio. There are also 2 bedrooms on the first floor with a full bath. The kitchen has been updated with granite counters and stainless steel appliances. The in ground pool, large deck and great level yard provides a great area for entertaining. The full basement is perfect for storage. Located very close to the Middle School and the village of Greenwood Lake. The town beach is a short distance away. It has a sandy beach, bathrooms and a picnic area. Additional Information: ParkingFeatures:1 Car Attached,
Unit Size
2,057 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$136
Property Type
House
Property Taxes
$766
HOA Dues
-
Year Built
1968

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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: 4 months ago (OneKey MLS #KEYH4629727)

Price History

Date / Event Date Event Price
Jan 13, 2017 Sold
Premium
Sold
Jul 6, 2016 Listed by BHG Rand Realty $279,000
Listed by BHG Rand Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Total Rooms: 7
  • 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: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,057
  • Building Area: 2,057
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,057
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Greenwood Lake Union Free School District
  • School Tax School District: GREENWOOD LAKE
  • Census Tract: 014802

Zoning

  • Zoning: 230

Geography

  • Account Number: 47-1-53.21
  • District: 335489
  • Section: 47.00
  • Parcel: 335489 47-1-53.21
  • Block: 1
  • Lot: 53.210
  • Municipality: WARWICK
  • Latitude: 41.2604
  • Longitude: -74.2677

    Address

  • Full Address: 1416 Lakes Rd
  • Address - House Number: 1416
  • Address - Street Name: Lakes
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Monroe
  • Carrier Code: R004
  • 4-Digit Zip Code: 4224
  • Zip Code: 10950

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $979,964
  • Tax Rate Code Area: 335411

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 503,351
  • High Value: 620,089
  • Low Value: 386,613

    Market Valuation

  • Market Total Value: $455,100
  • Market Land Value: $114,586
  • Market Improvement Value: $340,514

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,100
  • Assessed Land Value: $10,600
  • Assessed Improvements Value: $31,500

    Sales

  • Current Sale Contract Date: Dec 29, 2016
  • Current Sale Recording Date: Jan 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Orange

Stats & Trends

Median Asking:

$480,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

90

Average Home Size

2233 ft²

Average Home Age

60.8 years

Currently For Sale

1266 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 256 Heritage Lane, Monroe, NY, 10950

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,699 ft²
256 Heritage Lane, Monroe, NY, 10950 Listing by Francisco Gomez

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1416 Lakes Road built and last sold?
The property at 1416 Lakes Road was built in 1968 and last sold on Dec 29, 2016 for $272,000.
How much is this home worth?
The estimated value of the home located at 1416 Lakes Road is $295,846.
What are some comparable homes to 1416 Lakes Road?
There are currently no comparable homes to 1416 Lakes Road.
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