Westchester
21 Ridge Way
$271,000
●
House -
Off Market
21 Ridge Way
Somers, NY 10578
2 Beds
2 Baths
1,536 Ft²
$277,291
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
About This Property
CASH ONLY, SOLD STRICTLY AS IS! There is an open oil spill claim on
file with DEC and presence of mold in the basement. Water
filtration system installed in home and water is potable. The house
will require a significant amount of work, but it is a fantastic
opportunity to renovate and enjoy a great home in Somers school
district, located minutes away from Town of Somers, and
I-684/Purdys train station. There are 2 spacious bedrooms in
addition to kitchen, living room, dining room, den and full
bathroom on the main floor; 3 additional rooms on the second floor
and partially finished basement with full bath. The property is
sold with extra vacant lot (5 Crest Way). Optional membership to
the Lake Purdys Property Owners Association ($300/year) affords
access to the lake and activities at the Clubhouse. PLEASE NOTE: at
sellers' request no "sight unseen" offers please. Additional
Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car
Detached,
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$173
Property Type
House
Property Taxes
$635
HOA Dues
-
Year Built
1938
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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 #KEYH6206765)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2022 | In contract | - | |
| In contract | |||
| Sep 8, 2022 | In contract | - | |
| In contract | |||
| Sep 3, 2022 | Listed by Coldwell Banker Realty | $265,000 | |
| Listed by Coldwell Banker Realty | |||
| May 31, 2019 | No longer available | - | |
| No longer available | |||
| Apr 17, 2019 | Listed by Coldwell Banker Res Brokerage | $260,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
| | |||
|
Welcome to Lake Purdys community! Fantastic opportunity to renovate and enjoy this great home in Somers school district with super LOW taxes (only $5,079 after basic STAR), and located minutes away from Town of Somers, and I-684/Purdys train station for easy commute. This charming home offers 2 spacious bedrooms in addition to kitchen, living room, dining room, den and full bathroom on the main floor; 3 additional rooms on the second floor and partially finished basement with bath. The property is sold with extra lot. Optional membership to the Lake Purdys Property Owners Association ($300/year) affords access to the lake and activities at the Clubhouse. The house needs updating and sold strictly in "as is" condition. The manager has listed the unit size as 1536 square feet.
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Last Updated: 5 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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