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Putnam 10512
161 Tibet Drive
Photo of 161 Tibet Drive

2

Map

Photo of 161 Tibet Drive
$175,000
↓ $38K (17.8%)
● Land - For Sale

161 Tibet Drive

Kent, NY 10512
bedrooms
Studio
bathrooms
0 Bath
$1,244
Est. Monthly
2.60%
Cap Rate

About This Property

Great opportunity to purchase lakefront lot being sold in the Lake Tibet community. Lot # 2200-031-016-0001-031-000 with existing concrete block structure; no C/O. Not BOHA approved. Variances Required. Sold "As Is" Lake views and beautiful surroundings in a tranquil and peaceful residential area. Lake Tibet offers non-motorized boating. Close to Fahnestock State Park and Appalachian Trail to enjoy fishing, swimming and hiking.  Just minutes to the Taconic State Parkway.
Unit Size
-
Days on Market
804 days
Land Size
0.58 acres
Price per sqft
-
Property Type
Land
Property Taxes
$385
HOA Dues
-
Year Built
1970

Listed By

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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: 17 days ago (OneKey MLS #KEYH6318815)

Price History

Date / Event Date Event Price
Sep 17, 2026 Price Decreased $175,000
↓ $38K (17.8%)
Price Decreased
Nov 23, 2024 No longer available -
No longer available
Oct 24, 2024 Price Decreased $213,000
↓ $12K (5.3%)
Price Decreased
Jul 21, 2024 Listed by Briante Realty Group, LLC $225,000
Listed by Briante Realty Group, LLC
May 13, 2023 In contract -
In contract
Show More

Property Highlights

Exterior Details
Lot Features: Level, Wooded
Lot Size Area: 22500
Lot Size Units: Square Feet
Lot Size Acres: 0.58
Lot Size Square Feet: 22500
Water Source: Well
Financial Details
Tax Assessed Value: $162,000
Tax Annual Amount: $4,616
Utilities Details
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 11
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 12

    Dimensions

  • Lot Size Square Feet: 22,500
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 675
  • Building Area: 675
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 675
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000516
  • Standard Land Use Code: 1012
  • County Land Use Code: 260

Neighborhood

  • School District Name: Carmel Central School District
  • School Tax School District: CARMEL
  • Census Tract: 010400

Zoning

  • Zoning: R80

Geography

  • Account Number: 114200
  • District: 372200
  • Section: 30.16
  • Parcel: 372200 30.16-1-31
  • Block: 1
  • Lot: 31.000
  • Municipality: KENT
  • Latitude: 41.4533
  • Longitude: -73.7821

    Address

  • Full Address: 161 Tibet Dr
  • Address - House Number: 161
  • Address - Street Name: Tibet
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Carmel
  • Zip Code: 10512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $273,221
  • Initial Tax Delinquent Year: 2024
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.1995
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 132,079
  • High Value: 158,438
  • Low Value: 105,719

    Market Valuation

  • Market Total Value: $95,640
  • Market Land Value: $49,128
  • Market Improvement Value: $46,512

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,800
  • Assessed Land Value: $33,800
  • Assessed Improvements Value: $32,000

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 4637
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

$316

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2467 ft²

Average Home Age

58 years

Currently For Sale

281 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 317 Lake Shore Road, Putnam Valley, NY, 10579

$5,500 /mo

  • 2 Beds
  • 1 Bath
  • 920 ft²
317 Lake Shore Road, Putnam Valley, NY, 10579 Listing by Joshua Harding

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 17 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 161 Tibet Drive built and last sold?
The property at 161 Tibet Drive was built in 1970 and last sold on Aug 15, 2023 for $100,000.
How much is this home worth?
The estimated value of the home located at 161 Tibet Drive is $176,750.
What are some comparable homes to 161 Tibet Drive?
There are currently no comparable homes to 161 Tibet Drive.
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