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Brewster Hill 10509
3 Locust Drive
$320,000
● House - Off Market

3 Locust Drive

Southeast, NY 10509
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,603 Ft²
$2,489
Est. Monthly
9.56%
Cap Rate

About This Property

OPPORTUNITY KNOCKS! Diamond in the rough – A 1600 sq ft, solidly built 3 bedroom, 2 bathroom ranch situated on a nice 0.427 acre corner lot. Generous driveway and oversized garage. Conveniently located close to schools, parks, shopping, & highways. Needs renovation. The property is longing for a master that will restore it to its fullest potential. Property to be sold in as-is condition. Cash or renovation loan - DON'T LET THE DEAL GO WAY! Additional Information: ParkingFeatures:2 Car Attached,
Unit Size
1,603 Ft²
Days on Market
85 days
Land Size
0.43 acres
Price per sqft
$206
Property Type
House
Property Taxes
$864
HOA Dues
-
Year Built
1960

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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: 4 months ago (OneKey MLS #KEYH6333264)

Price History

Date / Event Date Event Price
Jan 11, 2025 Sold
Premium
Sold
Dec 6, 2024 In contract -
In contract
Nov 23, 2024 Relisted $330,900
Relisted
Nov 23, 2024 No longer available -
No longer available
Oct 18, 2024 Listed by AG Prime Realty $330,900
Listed by AG Prime Realty
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,600
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 1,603
  • Building Area: 1,603
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,603
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF LAKEVIEW MANOR
  • Land Acres: 0000000427
  • 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: 011802

Zoning

  • Zoning: R20

Geography

  • District: 373089
  • Section: 45.68
  • Parcel: 373089 45.68-2-9
  • Block: 2
  • Lot: 9.000
  • Municipality: SOUTHEAST (TOV)
  • Latitude: 41.4269
  • Longitude: -73.6063

    Address

  • Full Address: 3 Locust Dr
  • Address - House Number: 3
  • Address - Street Name: Locust
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Brewster
  • Carrier Code: R012
  • 4-Digit Zip Code: 3856
  • Zip Code: 10509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,266,179
  • Tax Rate Code Area: 373001

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 457,558
  • High Value: 537,429
  • Low Value: 377,687

    Market Valuation

  • Market Total Value: $410,900
  • Market Land Value: $62,100
  • Market Improvement Value: $348,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,900
  • Assessed Land Value: $62,100
  • Assessed Improvements Value: $348,800

    Sales

  • Current Sale Contract Date: Nov 14, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 59
  • Current Sale Input Document Number: 10138
  • Previous Sale Recording Date: Jul 23, 2001
  • Previous Sale Contract Date: Jul 16, 2001
  • Previous Sale Amount: $150,000
  • 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 Brewster Hill

Stats & Trends

Median Asking:

$479,000

Sale Price/ft²

$314

Below Asking

0.02%

Average Days on Market

88

Average Home Size

1270 ft²

Average Home Age

70.3 years

Currently For Sale

3 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3 Locust Drive built and last sold?
The property at 3 Locust Drive was built in 1960 and last sold on Nov 14, 2022 for $59,924.
How much is this home worth?
The estimated value of the home located at 3 Locust Drive is $0.
What are some comparable homes to 3 Locust Drive?
There are currently no comparable homes to 3 Locust Drive.
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