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Carmel Hamlet 10512
240 Washington Road
$830,000
● House - Off Market

240 Washington Road

Carmel, NY 10512
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,606 Ft²
$936,450
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Spectacular opportunity to own your own gentleman's farm. Built in 1885, Orchard Hill Farm is steeped in history and is ready to be brought back to life.  This 22 acre working horse farm with orchard is just over an hour north of NYC and offers the opportunity to have the best of both worlds.The 4 bed 2 bath vintage farmhouse with original wood plank floors and details is prime with possibilities.The property features a 16 stall barn w tack room, 16,000 sq ft (80x200) indoor riding area, one bed one bath fully equipped kitchen guest cottage, in ground pool, outdoor riding ring, and cross country trails inclusive of stone jumps. 16 of the 22 gorgeous acres is newly fenced to keep wildlife out and allow for large pastures, additional agricultural uses, and orchard expansion. The West Branch reservoir surrounds the area and adds to the beauty.  A special buyer with vision will carry on the story of this beautiful property. Additional Information:  Amenities:Guest Quarters,HeatingFuel:Oil Below Ground,
Unit Size
3,606 Ft²
Days on Market
-
Land Size
21.16 acres
Price per sqft
$236
Property Type
House
Property Taxes
$2,629
HOA Dues
-
Year Built
1885

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #KEYH6157965)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Dec 13, 2021 Listed by William Raveis-New York, LLC $850,000
Listed by William Raveis-New York, LLC
Dec 17, 2021 In contract -
In contract
Aug 23, 2018 Sold
Premium
Sold
Sep 29, 2017 Listed by William Raveis-New York, LLC $525,000
Listed by William Raveis-New York, LLC
Show More

Property Highlights

With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1989
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 921,730
  • Lot Size Frontage Feet: 10,260
  • Total Building Area: 2,646
  • Gross Building Area: 2,646
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000021160
  • Standard Land Use Code: 1008
  • County Land Use Code: 117

Neighborhood

  • School District Name: Mahopac Central School District
  • School Tax School District: MAHOPAC
  • Census Tract: 011502

Zoning

  • Zoning: R

Geography

  • Account Number: 052400
  • District: 372000
  • Section: 54.00
  • Parcel: 372000 54.-1-26
  • Block: 1
  • Lot: 26.000
  • Municipality: CARMEL
  • Latitude: 41.4152
  • Longitude: -73.7111

    Address

  • Full Address: 240 Washington Rd
  • Address - House Number: 240
  • Address - Street Name: Washington
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Carmel
  • Carrier Code: R012
  • 4-Digit Zip Code: 4003
  • Zip Code: 10512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,346,877
  • Tax Rate Code Area: 372001

    Appraisal Valuation

  • Standard Deviation: 0.2352
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 1,116,018
  • High Value: 1,378,573
  • Low Value: 853,463

    Market Valuation

  • Market Total Value: $1,131,000
  • Market Land Value: $339,600
  • Market Improvement Value: $791,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,131,000
  • Assessed Land Value: $339,600
  • Assessed Improvements Value: $791,400

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 280
  • Previous Sale Recording Date: Aug 23, 2018
  • Previous Sale Contract Date: Aug 14, 2018
  • Previous Sale Amount: $526,000
  • Previous Sale Document Type: 12
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 Carmel Hamlet

Stats & Trends

Median Asking:

$684,450

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

82

Average Home Size

2619 ft²

Average Home Age

43.2 years

Currently For Sale

12 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 500 N Lake Boulevard, Mahopac, NY, 10541

$8,250 /mo

  • 4 Beds
  • 3 Baths
  • 4,463 ft²
500 N Lake Boulevard, Mahopac, NY, 10541 Listing by Korab Krasniqi
Unit for rent at 154 Cherry Hill Road, Mahopac, NY, 10512

$8,500 /mo

  • 6 Beds
  • 2 Baths
  • 3,000 ft²
154 Cherry Hill Road, Mahopac, NY, 10512 Listing by Margaret Harrington
Unit for rent at 168 Shear Hill Road, Mahopac, NY, 10541

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,204 ft²
168 Shear Hill Road, Mahopac, NY, 10541 Listing by Steve Frattarola

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 240 Washington Road built and last sold?
The property at 240 Washington Road was built in 1885 and last sold on Dec 17, 2021 for $830,000.
How much is this home worth?
The estimated value of the home located at 240 Washington Road is $845,332.
What are some comparable homes to 240 Washington Road?
There are currently no comparable homes to 240 Washington Road.
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