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Loch Sheldrake
3 Milton Lane
Photo of 3 Milton Lane
Sold on Jul 17, 2025

30

Map

Photo of 3 Milton Lane
Photo of 3 Milton Lane
$267,000
● House - Off Market

3 Milton Lane

Fallsburg, NY 12759
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,252 Ft²
$1,872
Est. Monthly
14.80%
Cap Rate

About This Property

Accepted offer!  Don't miss this lovely, well-maintained home, located within the Sheldrake Shores Lake community. This home offers 4 bedrooms, 2.5 bathrooms, with a full primary ensuite. The home has a full kitchen and a den with built-in bookshelves, skylights and woodburning fireplace. The living rm and dining area have vaulted ceilings and lead to an oversized deck with a built-in outdoor fireplace. The spacious lower level features a full basement with a half bathroom, laundry rm, storage room and plenty of space for rec/entertainment. Paid membership allows you to enjoy access to the community clubhouse, pool and other activities. The Sheldrake Shores Lake community is located only minutes from the Suny Sullivan College, Bethel Woods, local area golf courses, Resorts World Casino and The Kartrite Resort and Water Park and more.
Unit Size
1,252 Ft²
Days on Market
89 days
Land Size
0.33 acres
Price per sqft
$224
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1974

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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: 2 years ago (OneKey MLS #KEY850542)

Price History

Date / Event Date Event Price
Jul 17, 2025 Sold
Premium
Sold
May 22, 2025 In contract -
In contract
Apr 19, 2025 Listed by Keller Williams Hudson Valley $280,000
Listed by Keller Williams Hudson Valley
Jan 10, 2025 Withdrawn -
Withdrawn
Nov 23, 2024 Relisted $309,999
Relisted
Show More

Property Highlights

Garage
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • 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: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 1,331
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 1,252
  • Building Area: 1,252
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,252
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Fallsburg Central School District
  • School Tax School District: FALLSBURG
  • Census Tract: 950900

Zoning

  • Zoning: PD

Geography

  • District: 482889
  • Section: 19.A
  • Parcel: 482889 19.A-4-6
  • Block: 4
  • Lot: 6
  • Municipality: FALLSBURGH (TOV)
  • Latitude: 41.7736
  • Longitude: -74.6519

    Address

  • Full Address: 3 Milton Ln
  • Address - House Number: 3
  • Address - Street Name: Milton
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Fallsburg
  • Zip Code: 12733

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $317,133
  • Tax Rate Code Area: 482801

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 273,041
  • High Value: 318,001
  • Low Value: 228,080

    Market Valuation

  • Market Total Value: $213,793
  • Market Land Value: $53,241
  • Market Improvement Value: $160,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,500
  • Assessed Land Value: $19,300
  • Assessed Improvements Value: $58,200

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2005
  • Current Sale Recording Date: May 31, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Loch Sheldrake

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$185

Below Asking

0.04%

Average Days on Market

115

Average Home Size

1373 ft²

Average Home Age

63.8 years

Currently For Sale

9 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

Rentals Near You

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3 Milton Lane built and last sold?
The property at 3 Milton Lane was built in 1974 and last sold on May 11, 2005 for $176,000.
How much is this home worth?
The estimated value of the home located at 3 Milton Lane is $0.
What are some comparable homes to 3 Milton Lane?
There are currently no comparable homes to 3 Milton Lane.
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