by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Putnam
42 Hillair Road
Photo of 42 Hillair Road
Sold on Sep 9, 2025

28

Map

Photo of 42 Hillair Road
Photo of 42 Hillair Road
$470,000
● House - Off Market

42 Hillair Road

Putnam Valley, NY 10537
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$3,355
Est. Monthly
6.14%
Cap Rate

About This Property

Ranch Style 3 Bedroom/3 Full Bath Home on Large 1.34 acre, Corner Lot. Easy Living in this Ranch Home with Very Few Steps. Property has Beautiful Plantings and Plenty of Room for your Cars/Trucks/Toys.  In addition, there is a Large Workshop (with separate entrance) for your Tinkerer (or use for Storage).  There is also a Storage Shed and a 2 Car Garage.  Large Driveway has plenty of Room for even more Parking.  Easy commute to NYC (approx 1 hour), and Peekskill Train Station (18 min).
Unit Size
1,600 Ft²
Days on Market
145 days
Land Size
1.34 acres
Price per sqft
$294
Property Type
House
Property Taxes
$1,047
HOA Dues
-
Year Built
1938

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #KEY848473)

Price History

Date / Event Date Event Price
Sep 9, 2025 Sold
Premium
Sold
Jun 12, 2025 In contract -
In contract
Jun 1, 2025 Price Decreased $470,000
↓ $29K (5.8%)
Price Decreased
Apr 14, 2025 Listed by Patricia Schiller Real Est Co. $499,000
Listed by Patricia Schiller Real Est Co.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Lot Size Frontage Feet: 2,940
  • Total Building Area: 1,577
  • Building Area: 1,577
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,577
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PEEKSKILL SECTION F
  • Land Acres: 0000001340
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Putnam Valley Central School District
  • School Tax School District: PUTNAM VALLEY
  • Census Tract: 010901

Zoning

  • Zoning: LP

Geography

  • District: 372800
  • Section: 83.64
  • Parcel: 372800 83.64-1-50
  • Block: 1
  • Lot: 50.000
  • Municipality: PUTNAM VALLEY
  • Latitude: 41.3421
  • Longitude: -73.8893

    Address

  • Full Address: 42 Hillair Rd
  • Address - House Number: 42
  • Address - Street Name: Hillair
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Lake Peekskill
  • Carrier Code: R081
  • 4-Digit Zip Code: 1011
  • Zip Code: 10537

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,189,588
  • Tax Rate Code Area: 372803

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 488,307
  • High Value: 573,546
  • Low Value: 403,069

    Market Valuation

  • Market Total Value: $383,600
  • Market Land Value: $103,600
  • Market Improvement Value: $280,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,600
  • Assessed Land Value: $103,600
  • Assessed Improvements Value: $280,000

    Exemptions

  • Senior Citizen Exemption : Yes
  • 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 Putnam

Stats & Trends

Median Asking:

$589,900

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

88

Average Home Size

2359 ft²

Average Home Age

59.7 years

Currently For Sale

258 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

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 42 Hillair Road built and last sold?
The property at 42 Hillair Road was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 42 Hillair Road is $0.
What are some comparable homes to 42 Hillair Road?
There are currently no comparable homes to 42 Hillair Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Putnam Valley Homes for Sale
Putnam Valley Houses for Sale
Putnam Valley Townhouses for Sale
Putnam Valley Multifamily for Sale
Putnam Valley Land for Sale
Putnam Valley Commercial for Sale
Putnam Valley Homes with Basements
Putnam Valley Homes with Pools
Nearby Cities
Beacon Homes for Sale
Newburgh Homes for Sale
Peekskill Homes for Sale
Jefferson Valley-Yorktown Homes for Sale
Lake Carmel Homes for Sale
Stony Point Homes for Sale
New Windsor Homes for Sale
Myers Corner Homes for Sale
Nearby Property Records
Putnam County, NY Property Records
Rockland County, NY Property Records
Westchester County, NY Property Records
Orange County, NY Property Records
Fairfield County, CT Property Records
Dutchess County, NY Property Records
Passaic County, NJ Property Records
Bergen County, NJ Property Records
Nearby Counties
Fishkill Homes for Sale
East Fishkill Homes for Sale
Wappinger Homes for Sale
Carmel Homes for Sale
Cortlandt Homes for Sale
Yorktown Homes for Sale
Beacon Homes for Sale
Somers Homes for Sale
Top Real Estate Agents
Top Agents in Putnam Valley
Top Agents in Fishkill
Top Agents in 12590
Top Agents in East Fishkill
Top Agents in 12533
Top Agents in Wappinger
Top Agents in Carmel
Top Agents in Cortlandt