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Putnam 10509
480 Milltown Road
$220,000
● House - Off Market

480 Milltown Road

Southeast, NY 10509
bedrooms
1 Bed
bathrooms
1 Bath
square feet
516 Ft²
$346,931
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Location! Location! Build your dream home on this beautifully manicured 4.07 acre property. Currently there is a 2 bedroom, 1 Bath Cottage that needs updating or rebuilt. Detached 2 car garage and storage on the property. Adjacent property 494 Milltown Road is available for sale with the same owner, walk to both properties through a path behind the house. Minutes to 684, shopping and Metro North. One hour to NYC. Additional Information: ParkingFeatures:2 Car Detached,
Unit Size
516 Ft²
Days on Market
-
Land Size
4.07 acres
Price per sqft
$424
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
2018

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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 #KEYH4741950)

Price History

Date / Event Date Event Price
Apr 6, 2018 Sold
Premium
Sold
Jan 12, 2018 Sold
Premium
Sold
Sep 28, 2017 Listed by Douglas Elliman Real Estate $219,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 704
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 177,289
  • Lot Size Frontage Feet: 3,230
  • Total Building Area: 915
  • Building Area: 915
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 915
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004070
  • 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: 011900

Zoning

  • Zoning: R60

Geography

  • District: 373089
  • Section: 47.00
  • Parcel: 373089 47.-4-42
  • Block: 4
  • Lot: 42.000
  • Municipality: SOUTHEAST (TOV)
  • Latitude: 41.425
  • Longitude: -73.5462

    Address

  • Full Address: 480 Milltown Rd
  • Address - House Number: 480
  • Address - Street Name: Milltown
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Brewster
  • Carrier Code: R005
  • 4-Digit Zip Code: 5222
  • Zip Code: 10509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,321,849
  • Tax Rate Code Area: 373001

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 488,612
  • High Value: 560,359
  • Low Value: 416,865

    Market Valuation

  • Market Total Value: $429,400
  • Market Land Value: $102,500
  • Market Improvement Value: $326,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $429,400
  • Assessed Land Value: $102,500
  • Assessed Improvements Value: $326,900

    Sales

  • Current Sale Contract Date: Mar 23, 2018
  • Current Sale Recording Date: Apr 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1500927
  • Previous Sale Recording Date: Jan 12, 2018
  • Previous Sale Contract Date: Dec 21, 2017
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 33
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:

$579,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2444 ft²

Average Home Age

57.5 years

Currently For Sale

276 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 9 Monticello Drive, Brewster, NY, 10509

$3,019 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
9 Monticello Drive #5203, Brewster, NY, 10509 Listing by Donna Lee Blais

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 480 Milltown Road built and last sold?
The property at 480 Milltown Road was built in 2018 and last sold on Mar 23, 2018 for $220,000.
How much is this home worth?
The estimated value of the home located at 480 Milltown Road is $219,626.
What are some comparable homes to 480 Milltown Road?
There are currently no comparable homes to 480 Milltown Road.
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