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Hillcrest 10977
2 Inwood Lane
$770,000
● House - Off Market

2 Inwood Lane

Ramapo, NY 10977
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,562 Ft²
$4,357
Est. Monthly
5.62%
Cap Rate

About This Property

Spring Valley, NY! On a 1/3 of an acre, sits a lovely BD/1.1BA split-level home in the Town of Ramapo! Lots of privacy with fenced-in yard! Close commute to Palisades Parkway and I87! Charming home for the next new Owners! Additional Information: ParkingFeatures:1 Car Attached,
Unit Size
1,562 Ft²
Days on Market
174 days
Land Size
0.30 acres
Price per sqft
$439
Property Type
House
Property Taxes
$989
HOA Dues
-
Year Built
1956

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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: 6 months ago (OneKey MLS #KEYH6311595)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Aug 17, 2024 In contract -
In contract
Jun 19, 2024 Listed by Amalie Industries, LLC $685,900
Listed by Amalie Industries, LLC
Jan 10, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 1,562
  • Building Area: 1,562
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,562
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INTERSTATE PARK HOMES INC
  • Land Acres: 0000000300
  • 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: 011512

Zoning

  • Zoning: R-15

Geography

  • Account Number: 00461290000
  • District: 392689
  • Section: 50.15
  • Parcel: 392689 50.15-2-79
  • Block: 2
  • Lot: 79.000
  • Municipality: RAMAPO (TOV)
  • Latitude: 41.1274
  • Longitude: -74.0283

    Address

  • Full Address: 2 Inwood Ln
  • Address - House Number: 2
  • Address - Street Name: Inwood
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Spring Valley
  • Carrier Code: C016
  • 4-Digit Zip Code: 3109
  • Zip Code: 10977

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,113,251
  • Tax Rate Code Area: 392602

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 664,115
  • High Value: 806,414
  • Low Value: 521,817

    Market Valuation

  • Market Total Value: $47,900
  • Market Land Value: $16,100
  • Market Improvement Value: $31,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,900
  • Assessed Land Value: $16,100
  • Assessed Improvements Value: $31,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 03, 1997
  • Current Sale Recording Date: Jan 10, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1997-00001764
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 Hillcrest

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$409

Below Asking

0.01%

Average Days on Market

106

Average Home Size

2931 ft²

Average Home Age

50.5 years

Currently For Sale

11 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 563 Union Road, Spring Valley, NY, 10977

$4,500 /mo

  • 5 Beds
  • 1 Bath
  • 1,900 ft²
563 Union Road, Spring Valley, NY, 10977 Listing by Leah R. Ungar

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 Inwood Lane built and last sold?
The property at 2 Inwood Lane was built in 1956 and last sold on Jan 3, 1997 for $155,100.
How much is this home worth?
The estimated value of the home located at 2 Inwood Lane is $702,183.
What are some comparable homes to 2 Inwood Lane?
There are currently no comparable homes to 2 Inwood Lane.
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