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Walton Park 10950
261 Park Terrace
Photo of 261 Park Terrace
Sold on Aug 5, 2025

4

Map

Photo of 261 Park Terrace
Photo of 261 Park Terrace
$190,000
● House - Off Market

261 Park Terrace

Monroe, NY 10950
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$1,418
Est. Monthly
13.29%
Cap Rate

About This Property

Yes, this house needs considerable work or a rebuild but the area is lovely with lake rights and Monroe Woodbury Schools.  The property is level and private.  The mountain views are beautiful.  The house has a  solid stone walk out basement with electric.  There is a kitchen , no appliances. The living room is large with a coal/wood stove.  There are two bedroom, one is very large and can be converted to two rooms.  The bathroom has a claw foot tub. There is a storage room attached to the house with attic stairs and storage. The roof was replaced within the past 5 years, approx.  You can walk to the lake.
Unit Size
1,040 Ft²
Days on Market
145 days
Land Size
0.36 acres
Price per sqft
$192
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1930

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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: 2 years ago (OneKey MLS #KEY835325)

Price History

Date / Event Date Event Price
Aug 5, 2025 Sold
Premium
Sold
Apr 23, 2025 In contract -
In contract
Mar 24, 2025 Price Decreased $199,900
↓ $65K (24.5%)
Price Decreased
Mar 13, 2025 Listed by Howard Hanna Rand Realty $264,900
Listed by Howard Hanna Rand Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,776
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 1,360
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000362
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LTS 20-25 BLK W MP 1 LRHS

Neighborhood

  • School District Name: Monroe-Woodbury Central School District
  • School Tax School District: MONROE-WOODBURY
  • Census Tract: 014201

Zoning

  • Zoning: SR-15

Geography

  • District: 334089
  • Section: 15.00
  • Parcel: 334089 15-1-20
  • Block: 1
  • Lot: 20.000
  • Municipality: MONROE
  • Latitude: 41.3185
  • Longitude: -74.2209

    Address

  • Full Address: 261 Park Ter
  • Address - House Number: 261
  • Address - Street Name: Park
  • Address - Suffix Type: Ter
  • State: NY
  • City Name: Monroe
  • Carrier Code: C005
  • 4-Digit Zip Code: 1230
  • Zip Code: 10950

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,575
  • Tax Rate Code Area: 334001

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 335,914
  • High Value: 416,735
  • Low Value: 255,094

    Market Valuation

  • Market Total Value: $207,200
  • Market Land Value: $84,838
  • Market Improvement Value: $122,362

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,400
  • Assessed Land Value: $10,400
  • Assessed Improvements Value: $15,000

    Exemptions

  • Homeowner Exemption: Yes
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 Walton Park

Stats & Trends

Median Asking:

$492,500

Sale Price/ft²

$277

Below Asking

0.02%

Average Days on Market

96

Average Home Size

1983 ft²

Average Home Age

61.6 years

Currently For Sale

28 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 17 Brookside Road, Monroe, NY, 10950

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 984 ft²
17 Brookside Road, Monroe, NY, 10950 Listing by Kathleen Walters
Unit for rent at 504 Continental Drive, Monroe, NY, 10950

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,436 ft²
504 Continental Drive, Monroe, NY, 10950 Listing by Frank Muccari

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 261 Park Terrace built and last sold?
The property at 261 Park Terrace was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 261 Park Terrace is $0.
What are some comparable homes to 261 Park Terrace?
There are currently no comparable homes to 261 Park Terrace.
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