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Putnam
18 Cedar Drive
$116,200
● House - Off Market

18 Cedar Drive

Putnam Valley, NY 10579
bedrooms
2 Beds
bathrooms
1 Bath
square feet
990 Ft²
$146,479
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Bring your hammer and creativity.  House has unlimited potential.  Either finish the interior or tear it down and build your dream home.  Great secluded lot yet close to all.  Just across the Westchester line.  Lake rights to Oscawana.  Close to Metro North train station, schools, and Fahnstock State Park.  Under 30 minutes to Bear Mountain State Park, West Point, Harriman State Park, Woodbury Commons.  Home will require cash transaction. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,
Unit Size
990 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$101
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1945

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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 #KEYH4981685)

Price History

Date / Event Date Event Price
Aug 28, 2019 Sold
Premium
Sold
Jul 8, 2019 Listed by Q Home Sales $99,900
Listed by Q Home Sales
Jul 1, 2019 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,470
  • Total Building Area: 990
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 990
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Putnam Valley Central School District
  • School Tax School District: PUTNAM VALLEY
  • Census Tract: 010901

Zoning

  • Zoning: R3

Geography

  • Account Number: 101250
  • District: 372800
  • Section: 73.05
  • Parcel: 372800 73.5-2-53
  • Block: 2
  • Lot: 53.000
  • Municipality: PUTNAM VALLEY
  • Latitude: 41.3765
  • Longitude: -73.8593

    Address

  • Full Address: 18 Cedar Dr
  • Address - House Number: 18
  • Address - Street Name: Cedar
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Putnam Valley
  • Carrier Code: R002
  • 4-Digit Zip Code: 2031
  • Zip Code: 10579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $882,946
  • Tax Rate Code Area: 372803

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 395,493
  • High Value: 464,530
  • Low Value: 326,456

    Market Valuation

  • Market Total Value: $304,200
  • Market Land Value: $82,100
  • Market Improvement Value: $222,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,200
  • Assessed Land Value: $82,100
  • Assessed Improvements Value: $222,100

    Sales

  • Current Sale Contract Date: Aug 15, 2019
  • Current Sale Recording Date: Aug 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 12863/2019
  • Previous Sale Recording Date: Jul 01, 2019
  • Previous Sale Contract Date: Jun 06, 2019
  • Previous Sale Amount: $610,480
  • Previous Sale Document Type: 59
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

2416 ft²

Average Home Age

57.5 years

Currently For Sale

272 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 450 Oscawana Lake Rd, Putnam Valley, NY, 10579

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 925 ft²
450 Oscawana Lake Rd, Putnam Valley, NY, 10579 Listing by Anesha Nesbitt

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 18 Cedar Drive built and last sold?
The property at 18 Cedar Drive was built in 1945 and last sold on Aug 15, 2019 for $122,500.
How much is this home worth?
The estimated value of the home located at 18 Cedar Drive is $113,735.
What are some comparable homes to 18 Cedar Drive?
There are currently no comparable homes to 18 Cedar Drive.
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