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Putnam 12563
16 Morningside Drive
$488,105
● House - Off Market

16 Morningside Drive

Patterson, NY 12563
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,900 Ft²
$3,455
Est. Monthly
9.60%
Cap Rate

About This Property

This is a once in a generation opportunity! You will not find another 6 bedroom home in this condition with new roof and new gutter for this price, so don't miss out! This spacious home has not been offered for sale in over 35 years! Nestled in the rolling hills of Patterson, directly across from Thunder Ridge, the house has space, charm and views! Not only is the home large with endless possibilities, but the next buyer will have the bonus of an expansive, mature backyard. New homeowner can take advantage of local shopping and dining within minutes of the home or can hop right over the CT boarder and enjoy what our sister state has to offer such as the Danbury Mall and Candlewood Lake.  Book an appointment today! Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,
Unit Size
2,900 Ft²
Days on Market
99 days
Land Size
0.47 acres
Price per sqft
$172
Property Type
House
Property Taxes
$1,000
HOA Dues
-
Year Built
1969

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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 #KEYH6332001)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Oct 28, 2024 In contract -
In contract
Oct 10, 2024 Listed by K. Fortuna Realty, Inc. $499,900
Listed by K. Fortuna Realty, Inc.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Depth Feet: 1,870
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,508
  • Building Area: 2,508
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Carmel Central School District
  • School Tax School District: CARMEL
  • Census Tract: 010202

Zoning

  • Zoning: R1

Geography

  • Account Number: 007082
  • District: 372400
  • Section: 4.18
  • Parcel: 372400 4.18-1-35
  • Block: 1
  • Lot: 35.000
  • Municipality: PATTERSON
  • Latitude: 41.5132
  • Longitude: -73.5822

    Address

  • Full Address: 16 Morningside Dr
  • Address - House Number: 16
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Patterson
  • Carrier Code: R004
  • 4-Digit Zip Code: 2308
  • Zip Code: 12563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,484,999
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 566,779
  • High Value: 650,004
  • Low Value: 483,555

    Market Valuation

  • Market Total Value: $473,000
  • Market Land Value: $90,400
  • Market Improvement Value: $382,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $473,000
  • Assessed Land Value: $90,400
  • Assessed Improvements Value: $382,600

    Exemptions

  • Homeowner Exemption: Yes
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:

$579,000

Sale Price/ft²

$317

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2444 ft²

Average Home Age

57.5 years

Currently For Sale

276 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: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 16 Morningside Drive built and last sold?
The property at 16 Morningside Drive was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Morningside Drive is $0.
What are some comparable homes to 16 Morningside Drive?
There are currently no comparable homes to 16 Morningside Drive.
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