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Putnam
22 Cove Road
$415,000
● House - Off Market

22 Cove Road

Putnam Valley, NY 10579
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$777,796
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

3 Bedroom, 2 Bath Ranch on Roaring Brook Lake. Nice Panoramic Views of the Lake.  The dock needs rebuilding.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$333
Property Type
House
Property Taxes
$1,295
HOA Dues
-
Year Built
1947

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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 #KEYH3329303)

Price History

Date / Event Date Event Price
Dec 18, 2013 Sold
Premium
Sold
Sep 23, 2013 Listed by Coldwell Banker Residential Brokerage $399,000
Listed by Coldwell Banker Residential Brokerage

Property Highlights

With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 12

    Dimensions

  • Lot Size Square Feet: 32,234
  • Lot Size Depth Feet: 2,310
  • Lot Size Frontage Feet: 1,090
  • Total Building Area: 2,013
  • Building Area: 2,013
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,013
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000740
  • 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: 011000

Zoning

  • Zoning: R3

Geography

  • Account Number: 173350
  • District: 372800
  • Section: 41.10
  • Parcel: 372800 41.10-1-1
  • Block: 1
  • Lot: 1.000
  • Municipality: PUTNAM VALLEY
  • Latitude: 41.4381
  • Longitude: -73.8109

    Address

  • Full Address: 22 Cove Rd
  • Address - House Number: 22
  • Address - Street Name: Cove
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Putnam Valley
  • Carrier Code: R001
  • 4-Digit Zip Code: 1309
  • Zip Code: 10579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,839,766
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 372803

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 704,984
  • High Value: 828,046
  • Low Value: 581,923

    Market Valuation

  • Market Total Value: $647,800
  • Market Land Value: $174,900
  • Market Improvement Value: $472,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,800
  • Assessed Land Value: $174,900
  • Assessed Improvements Value: $472,900

    Sales

  • Current Sale Contract Date: Nov 30, 2013
  • Current Sale Recording Date: Dec 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 1502728
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:

$588,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

88

Average Home Size

2360 ft²

Average Home Age

59.5 years

Currently For Sale

271 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 317 Lake Shore Road, Putnam Valley, NY, 10579

$5,500 /mo

  • 2 Beds
  • 1 Bath
  • 920 ft²
317 Lake Shore Road, Putnam Valley, NY, 10579 Listing by Joshua Harding

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 22 Cove Road built and last sold?
The property at 22 Cove Road was built in 1947 and last sold on Nov 30, 2013 for $415,000.
How much is this home worth?
The estimated value of the home located at 22 Cove Road is $403,996.
What are some comparable homes to 22 Cove Road?
There are currently no comparable homes to 22 Cove Road.
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