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Viola 10952
5 Spruce Road
$700,000
● House - Off Market

5 Spruce Road

Ramapo, NY 10952
bedrooms
5 Beds
bathrooms
4 Baths
$1,066,256
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

This home is in the sought after lovely Forshay neighborhood on a double dead end...Looking for privacy? This is it!!  Immaculate large home with 4+ bedrooms and 4 bathrooms. Formal dining room and formal living room are large and great for parties.  Large dinete area with sliders to oversized deck. There are hardwood floors, a fireplace in the familly room to keep you warm on those cold days, a full finished basement that features a full bathroom and a sauna, wet bar, great entertaining space, 2 car garage, This large private property is flat and landscaped nicely. Come view the pictures and tour!!
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,632
HOA Dues
-
Year Built
2021

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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 years ago (OneKey MLS #H6034976)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
Apr 22, 2020 Listed by Q Home Sales $769,000
Listed by Q Home Sales

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 2,810
  • Total Building Area: 5,530
  • Building Area: 5,530
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 5,530
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: East Ramapo Central School District (Spring Valley)
  • School Tax School District: SPRING VALLEY
  • Census Tract: 011508

Zoning

  • Zoning: R-40A

Geography

  • Account Number: 00439500000
  • District: 392689
  • Section: 49.07
  • Parcel: 392689 49.07-1-57
  • Block: 1
  • Lot: 57.000
  • Municipality: RAMAPO (TOV)
  • Latitude: 41.1404
  • Longitude: -74.0774

    Address

  • Full Address: 5 Spruce Rd
  • Address - House Number: 5
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Monsey
  • Carrier Code: C009
  • 4-Digit Zip Code: 1639
  • Zip Code: 10952

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,281,321
  • Tax Rate Code Area: 392602

    Appraisal Valuation

  • Standard Deviation: 0.2043
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 977,444
  • High Value: 1,177,213
  • Low Value: 777,675

    Market Valuation

  • Market Total Value: $82,100
  • Market Land Value: $21,822
  • Market Improvement Value: $60,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,800
  • Assessed Land Value: $24,400
  • Assessed Improvements Value: $67,400

    Sales

  • Current Sale Contract Date: Jul 08, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-00020632
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 Viola

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$468

Below Asking

0.02%

Average Days on Market

120

Average Home Size

4514 ft²

Average Home Age

47.9 years

Currently For Sale

17 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 10 Evergreen Court, Suffern, NY, 10901

$5,500 /mo

  • 5 Beds
  • 2 Baths
  • 2,946 ft²
10 Evergreen Court, Suffern, NY, 10901 Listing by Meyer Stoessel

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5 Spruce Road built and last sold?
The property at 5 Spruce Road was built in 2021 and last sold on Jul 8, 2020 for $700,000.
How much is this home worth?
The estimated value of the home located at 5 Spruce Road is $776,690.
What are some comparable homes to 5 Spruce Road?
There are currently no comparable homes to 5 Spruce Road.
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