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Peach Lake 10560
5 Memorial Drive
$312,000
● House - Off Market

5 Memorial Drive

North Salem, NY 10560
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$412,249
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Completely renovated from the ground up.  All plumbing and electric wiring replaced.  Owner spared no expense.  Highly efficient propane heat and central air conditioning just 2 years old.  Whole house generator system.  Gleaming hardwood flooring and new ceramic tile flooring.  Lower level is finished with Laundry, Lavatory and Spacious Family Room.  Front and rear decking.  Recently stained exterior.  Move in condition. Additional Information:  Amenities:Storage,
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$283
Property Type
House
Property Taxes
$330
HOA Dues
$793
Year Built
1925

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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: 5 months ago (OneKey MLS #KEYH6076102)

Price History

Date / Event Date Event Price
Apr 9, 2021 Sold
Premium
Sold
Oct 9, 2020 Listed by RE/MAX Classic Realty $339,000
Listed by RE/MAX Classic Realty
Completely renovated from the ground up. All plumbing and electric wiring replaced. Owner spared no expense. Highly efficient propane heat and central air conditioning just 2 years old. Whole house generator system. Gleaming hardwood flooring and new ceramic tile flooring. Lower level is finished with Laundry, Lavatory and Spacious Family Room. Front and rear decking. Recently stained exterior. Move in condition.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 680
  • Building Area: 680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 680
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: North Salem Central School District
  • School Tax School District: NORTH SALEM
  • Census Tract: 015000

Geography

  • Account Number: 66500
  • District: 554000
  • Section: 7.00
  • Parcel: 554000 7.-1776-1..7
  • Block: 1776
  • Lot: 1.000
  • Municipality: NORTH SALEM
  • Latitude: 41.3602
  • Longitude: -73.5723

    Address

  • Full Address: 5 Memorial Dr
  • Address - House Number: 5
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: North Salem
  • Carrier Code: R001
  • 4-Digit Zip Code: 1333
  • Zip Code: 10560

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $384,001
  • Tax Rate Code Area: 554001

    Appraisal Valuation

  • Standard Deviation: 0.2286
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 275,747
  • High Value: 338,795
  • Low Value: 212,698

    Market Valuation

  • Market Total Value: $101,300
  • Market Improvement Value: $101,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,300
  • Assessed Improvements Value: $101,300
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 Peach Lake

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$419

Below Asking

0.01%

Average Days on Market

80

Average Home Size

1855 ft²

Average Home Age

76.5 years

Currently For Sale

6 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 955 Peach Lake Road, North Salem, NY, 10560

$6,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,940 ft²
955 Peach Lake Road, North Salem, NY, 10560 Listing by Jessica A. Broomhead
Unit for rent at 17 Vails Lake Shore Drive, North Salem, NY, 10509

$3,850 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
17 Vails Lake Shore Drive #17, North Salem, NY, 10509 Listing by Shennai Saunders

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5 Memorial Drive built and last sold?
The property at 5 Memorial Drive was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Memorial Drive is $350,653.
What are some comparable homes to 5 Memorial Drive?
There are currently no comparable homes to 5 Memorial Drive.
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