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Lincolndale 10541
5 Cedar Road
$405,000
● House - Off Market

5 Cedar Road

Somers, NY 10540
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,053 Ft²
$539,367
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Fully renovated Raised Ranch home with two bedrooms, Living room with stone fireplace and exposed beams. All new kitchen with top of the line appliances and cabinets 2017. Full bathroom with dual showerheads. Large level yard, 12 x24 oversized storage shed with power, and basement workshop. Three-year-old well pump. Private driveway parking for four cars, Large detached 2-car garage 27 x27 with openers and power; new garage doors 2020. Fully fenced property with a vegetable garden, Close to main road/highway, schools, shopping, parks, and Lake Lincolndale. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,
Unit Size
1,053 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$379
Property Type
House
Property Taxes
$898
HOA Dues
-
Year Built
1940

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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 #KEYH6046192)

Price History

Date / Event Date Event Price
Oct 5, 2020 Sold
Premium
Sold
Jul 16, 2020 Listed by Redfin Real Estate $399,000
Listed by Redfin Real Estate
Feb 22, 2013 Sold
Premium
Sold
Sep 13, 2012 Listed by Redfin Real Estate $299,900
Listed by Redfin Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 6
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,216
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,053
  • Building Area: 1,053
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,053
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LINCOLNDALE
  • Land Acres: 0000000464
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Somers Central School District
  • School Tax School District: SOMERS
  • Census Tract: 011400

Zoning

  • Zoning: R-10

Geography

  • Account Number: 4831500
  • District: 555200
  • Section: 5.19
  • Parcel: 555200 5.19-3-48.5
  • Block: 3
  • Lot: 48.005
  • Municipality: SOMERS
  • Latitude: 41.3386
  • Longitude: -73.7262

    Address

  • Full Address: 5 Cedar Rd
  • Address - House Number: 5
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Mahopac
  • Zip Code: 10541

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $825,410
  • Tax Rate Code Area: 555201

    Appraisal Valuation

  • Standard Deviation: 0.2191
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 501,726
  • High Value: 611,656
  • Low Value: 391,796

    Market Valuation

  • Market Total Value: $376,931
  • Market Land Value: $76,210
  • Market Improvement Value: $300,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,600
  • Assessed Land Value: $7,400
  • Assessed Improvements Value: $29,200

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 602663823
  • Previous Sale Recording Date: Feb 22, 2013
  • Previous Sale Contract Date: Feb 08, 2013
  • Previous Sale Amount: $280,000
  • 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 Lincolndale

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$361

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2943 ft²

Average Home Age

26.7 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

Unit for rent at 957 Heritage Hills Drive, Somers, NY, 10589

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,265 ft²
957 Heritage Hills Drive #A, Somers, NY, 10589 Listing by Donna O'Connell
Unit for rent at 649 Heritage Hills, Somers, NY, 10589

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,794 ft²
649 Heritage Hills #B, Somers, NY, 10589 Listing by Gerald Weil
Unit for rent at 3 Elm Road, Somers, NY, 10541

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,228 ft²
3 Elm Road, Somers, NY, 10541 Listing by Barbara Bodnar

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 5 Cedar Road built and last sold?
The property at 5 Cedar Road was built in 1940 and last sold on Sep 24, 2020 for $405,000.
How much is this home worth?
The estimated value of the home located at 5 Cedar Road is $401,596.
What are some comparable homes to 5 Cedar Road?
There are currently no comparable homes to 5 Cedar Road.
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