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Chestnut Ridge 10977
15 Nicole Way
$1,152,000
● House - Off Market

15 Nicole Way

Ramapo, NY 10977
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,082 Ft²
$7,674
Est. Monthly
9.09%
Cap Rate

About This Property

Welcome to 15 Nicole Way! This beautifully re-designed Colonial Home located on a cul de sac boasts of 4 Bedrooms, 2 bonus rooms, 4 fully renovated bathrooms, the Master Bath is equipped with a 6 ft. soaking tub, double vanity, custom shower and floor to ceiling tiles, 2 newly renovated kitchens with custom cabinets, Brand new appliances. Custom woodwork throughout the home including the basement to include coffered ceilings and chair railing, Electric fireplace, new light fixtures inside and outside of the home, Central Air, new roof, new front entry door, new rear deck, newly paved driveway, front of home has new stucco and has new landscaping. YOU MUST SEE THIS HOME! Additional Information:  Amenities:Guest Quarters,ParkingFeatures:2 Car Attached,
Unit Size
3,082 Ft²
Days on Market
158 days
Land Size
0.80 acres
Price per sqft
$406
Property Type
House
Property Taxes
$1,536
HOA Dues
-
Year Built
1994

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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 months ago (OneKey MLS #KEYH6317239)

Price History

Date / Event Date Event Price
Dec 15, 2024 Sold
Premium
Sold
Nov 17, 2024 In contract -
In contract
Nov 14, 2024 No longer available -
No longer available
Sep 17, 2024 In contract -
In contract
Aug 2, 2024 Price Decreased $1,250,000
↓ $149K (10.7%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,848
  • Total Building Area: 3,082
  • Building Area: 3,082
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,082
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDEN PARK
  • Land Acres: 0000000800
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: East Ramapo Central School District (Spring Valley)
  • School Tax School District: SPRING VALLEY
  • Census Tract: 012504

Geography

  • Account Number: 00407230000
  • District: 392615
  • Section: 63.17
  • Parcel: 392615 63.17-2-2
  • Block: 2
  • Lot: 2.000
  • Municipality: CHESTNUT RIDGE
  • Latitude: 41.08
  • Longitude: -74.048

    Address

  • Full Address: 15 Nicole Way
  • Address - House Number: 15
  • Address - Street Name: Nicole
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Spring Valley
  • Carrier Code: C019
  • 4-Digit Zip Code: 6810
  • Zip Code: 10977

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,698,506
  • Tax Rate Code Area: 392602

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 630,289
  • High Value: 778,598
  • Low Value: 481,979

    Market Valuation

  • Market Total Value: $20,000
  • Market Land Value: $5,284
  • Market Improvement Value: $14,716

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,700
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $55,700

    Sales

  • Current Sale Contract Date: Jun 03, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-00017254
  • Previous Sale Recording Date: Mar 25, 1999
  • Previous Sale Contract Date: Mar 11, 1999
  • Previous Sale Amount: $283,000
  • 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 Chestnut Ridge

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$457

Below Asking

0.03%

Average Days on Market

90

Average Home Size

2901 ft²

Average Home Age

44.5 years

Currently For Sale

19 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 51 Weiss, Upper Saddle River, NJ, 07458

$9,800 /mo

  • 6 Beds
  • 4 Baths
51 Weiss, Upper Saddle River, NJ, 07458 Listing by Tiffany Tamburo

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 15 Nicole Way built and last sold?
The property at 15 Nicole Way was built in 1994 and last sold on Jun 3, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 15 Nicole Way is $0.
What are some comparable homes to 15 Nicole Way?
There are currently no comparable homes to 15 Nicole Way.
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