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Putnam Lake 12563
2 Newburgh Road
$150,000
● House - Off Market

2 Newburgh Road

Patterson, NY 12563
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,338 Ft²
$913
Est. Monthly
25.65%
Cap Rate

About This Property

A diamond in the rough awaits you at an extremely good price point. If you blink it will be sold. Property is being sold AS-IS. Appears to have code enforcement violations on it that buyer will need to assume and sign a Hold Harmless agreement to the Seller. Buyers check with City, County, Zoning, Tax, and other records to their satisfaction. AS-IS REO property. Buyers to inspect prior to bidding. Additional Information: ParkingFeatures:2 Car Detached,
Unit Size
1,338 Ft²
Days on Market
185 days
Land Size
0.21 acres
Price per sqft
$108
Property Type
House
Property Taxes
$201
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: 6 months ago (OneKey MLS #KEYH6315784)

Price History

Date / Event Date Event Price
Dec 30, 2024 Sold
Premium
Sold
Aug 2, 2024 In contract -
In contract
Jun 28, 2024 Listed by REALHome Services & Solutions $145,000
Listed by REALHome Services & Solutions
Apr 19, 2011 Sold
Premium
Sold
Dec 24, 2008 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,338
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PUTNAM LAKE
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Brewster Central School District
  • School Tax School District: BREWSTER
  • Census Tract: 010100

Zoning

  • Zoning: RPL10

Geography

  • Account Number: 082625
  • District: 372400
  • Section: 25.62
  • Parcel: 372400 25.62-1-73.1
  • Block: 1
  • Lot: 73.001
  • Municipality: PATTERSON
  • Latitude: 41.4709
  • Longitude: -73.5509

    Address

  • Full Address: 2 Newburgh Rd
  • Address - House Number: 2
  • Address - Street Name: Newburgh
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Patterson
  • Carrier Code: R001
  • 4-Digit Zip Code: 1201
  • Zip Code: 12563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $806,463
  • Tax Rate Code Area: 373001

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 347,203
  • High Value: 407,811
  • Low Value: 286,596

    Market Valuation

  • Market Total Value: $245,200
  • Market Land Value: $60,300
  • Market Improvement Value: $184,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,200
  • Assessed Land Value: $60,300
  • Assessed Improvements Value: $184,900

    Sales

  • Current Sale Contract Date: Feb 23, 2011
  • Current Sale Recording Date: Apr 19, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1500664
  • Previous Sale Recording Date: Dec 24, 2008
  • Previous Sale Contract Date: Nov 12, 2008
  • Previous Sale Amount: $233,665
  • Previous Sale Document Type: 51
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 Lake

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1494 ft²

Average Home Age

71.3 years

Currently For Sale

14 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 9 Monticello Drive, Brewster, NY, 10509

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,115 ft²
9 Monticello Drive #27203, Brewster, NY, 10509 Listing by Donna Lee Blais

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 Newburgh Road built and last sold?
The property at 2 Newburgh Road was built in 1945 and last sold on Feb 23, 2011 for $24,066.
How much is this home worth?
The estimated value of the home located at 2 Newburgh Road is $159,075.
What are some comparable homes to 2 Newburgh Road?
There are currently no comparable homes to 2 Newburgh Road.
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