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3 Miller Road
About This Property
Step inside and you're greeted by a soaring entryway filled with natural light. From there, the home opens into generously sized rooms that feel comfortable and inviting. There's space for everyday living as well as those occasions when everyone seems to end up at your house. The kitchen features granite countertops and plenty of cabinetry, while the surrounding living and dining areas offer a layout that can easily evolve with the way you live.
Downstairs, the finished basement adds another dimension to the home. Think movie nights, a home gym, game room, office, hobby space or simply a place for everyone to have a little room of their own. With a walk-out to the yard and natural light, it feels connected to the rest of the home rather than like an afterthought.
And perhaps that's what makes 3 Miller Road particularly interesting. You aren't paying for someone else's idea of what your home should look like. There is wear and there are updates the next owner may choose to make, but there's also something increasingly difficult to create from scratch-a substantial home with generous rooms, a flexible floor plan, a finished lower level and nearly an acre to enjoy.
The home is being sold as-is, making this an opportunity for someone who can see beyond today's finishes and imagine what the house could become over time. Update everything at once or make changes gradually as you live here and discover what works best for you.
Outside, the peaceful Putnam Valley setting gives you a welcome sense of privacy while keeping you within reach of Metro-North, major roadways, lakes, parks, hiking and everything that makes the Hudson Valley such a special place to call home.
3 Miller Road doesn't need to become someone else's dream home. It simply needs its next owner to make it theirs.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by Locqube New York, Inc. | $820,000 | |
| Listed by Locqube New York, Inc. | |||
| Sep 9, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 11, 2026 | Relisted | $508,000 | |
| Relisted | |||
| Aug 11, 2026 | Price Increased |
$860,000
↑ $352K
(69.3%) | |
| Price Increased | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017