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Red Oaks Mill 12603
17 Panessa Drive
$450,000
● House - Off Market

17 Panessa Drive

Poughkeepsie (Town), NY 12603
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,038 Ft²
$3,065
Est. Monthly
7.08%
Cap Rate

About This Property

Oversized Raised Ranch on quiet town of Poughkeepsie Subdivision.  Living Room with Bay window and semi open concept kitchen.  Main bedroom has a full bath.  There are closets galore on 2nd level with 2 more bedrooms and a main bath.  Hardwood floors are through out main level.  Lower level features a family room with a fireplace, large laundry room, office or den, and full oversized full bath.  An additional large storage area. Lives like a 4 bedroom. The home is set on a level almost 1/2 acre. Economical gas heating.  Close to shopping and schools.  A must see at this price.  Home is being sold strictly ASIS.
Unit Size
2,038 Ft²
Days on Market
74 days
Land Size
0.46 acres
Price per sqft
$216
Property Type
House
Property Taxes
$905
HOA Dues
-
Year Built
1965

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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 #KEY809299)

Price History

Date / Event Date Event Price
Mar 17, 2025 Sold
Premium
Sold
Jan 29, 2025 In contract -
In contract
Jan 2, 2025 Listed by Keller Williams Realty Partner $439,900
Listed by Keller Williams Realty Partner
Sep 17, 2001 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 650
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,038
  • Building Area: 2,038
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,038
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: .46 AC 1483 0090 1339 0452

Neighborhood

  • School District Name: Wappingers Central School District
  • School Tax School District: WAPPINGERS
  • Census Tract: 140700

Zoning

  • Zoning: R20

Geography

  • Account Number: 14102937
  • District: 134689
  • Section: 6.259
  • Parcel: 134689 6259-01-102937-0000
  • Block: 1
  • Lot: 102.937
  • Municipality: POUGHKEEPSIE (TOV)
  • Latitude: 41.6445
  • Longitude: -73.8901

    Address

  • Full Address: 17 Panessa Dr
  • Address - House Number: 17
  • Address - Street Name: Panessa
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Poughkeepsie
  • Carrier Code: C059
  • 4-Digit Zip Code: 5624
  • Zip Code: 12603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,475,460
  • Tax Rate Code Area: 135601

    Appraisal Valuation

  • Standard Deviation: 0.1872
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 431,279
  • High Value: 512,036
  • Low Value: 350,523

    Market Valuation

  • Market Total Value: $386,500
  • Market Land Value: $83,600
  • Market Improvement Value: $302,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $386,500
  • Assessed Land Value: $83,600
  • Assessed Improvements Value: $302,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 13, 2001
  • Current Sale Recording Date: Sep 17, 2001
  • 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 Red Oaks Mill

Stats & Trends

Median Asking:

$485,000

Sale Price/ft²

$242

Below Asking

0.01%

Average Days on Market

82

Average Home Size

2064 ft²

Average Home Age

59.3 years

Currently For Sale

13 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 18 Robin Hill Drive, Poughkeepsie, NY, 12603

$3,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,446 ft²
18 Robin Hill Drive, Poughkeepsie, NY, 12603 Listing by Kimberly Floberg

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 17 Panessa Drive built and last sold?
The property at 17 Panessa Drive was built in 1965 and last sold on Sep 13, 2001 for $227,500.
How much is this home worth?
The estimated value of the home located at 17 Panessa Drive is $450,930.
What are some comparable homes to 17 Panessa Drive?
There are currently no comparable homes to 17 Panessa Drive.
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