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Putnam 10509
5 Tea House Lane
$177,000
● Land - Off Market

5 Tea House Lane

Southeast, NY 10509
bedrooms
Studio
bathrooms
0 Bath
$189,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

An exceptional BOHA building lot, now available on a top quality cul-de-sac off scenic Turk Hill Road. Tea House Lane consists of 10 lots, four of which are built upon with high value homes. At the corner of Tea House Lane and Turk Hill Road, a stone wall borders Turk Hill Road. Partially cleared, but mostly mature trees, allowing the builder the option to clear as needed while preserving the desired trees for aesthetics and privacy. BOH approved for a 3, 4 or 5 bedroom home. Underground utilities, including natural gas, are in place, ready for connections. Tea House Lane is one mile from the Brewster MTA station, 4.5 miles to the Croton Falls MTA station, 1.5 miles from the I-84/I-684 interchange and 4.2 miles to the Westchester border.
Unit Size
-
Days on Market
-
Land Size
1.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$331
HOA Dues
-
Year Built
-

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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: 6 months ago (OneKey MLS #KEYH6258632)

Price History

Date / Event Date Event Price
Sep 12, 2023 In contract -
In contract
Jul 14, 2023 Listed by McGrath Realty Inc $189,000
Listed by McGrath Realty Inc
Jul 6, 2022 Sold
Premium
Sold
Jun 3, 2022 In contract -
In contract
Aug 27, 2021 Listed by McGrath Realty Inc $199,000
Listed by McGrath Realty Inc
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 67,518
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001550
  • Standard Land Use Code: 8001
  • County Land Use Code: 311

Neighborhood

  • School District Name: Brewster Central School District
  • School Tax School District: BREWSTER
  • Census Tract: 011700

Zoning

  • Zoning: R60

Geography

  • District: 373089
  • Section: 67.16
  • Parcel: 373089 67.16-1-33
  • Block: 1
  • Lot: 33.000
  • Municipality: SOUTHEAST (TOV)
  • Latitude: 41.3887
  • Longitude: -73.6135

    Address

  • Full Address: 5 Tea House Ln
  • Address - House Number: 5
  • Address - Street Name: Tea House
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Brewster
  • Carrier Code: R008
  • 4-Digit Zip Code: 3439
  • Zip Code: 10509

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0
  • Tax Rate Code Area: 373001

    Market Valuation

  • Market Total Value: $161,000
  • Market Land Value: $161,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,000
  • Assessed Land Value: $161,000

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 6470
  • Previous Sale Recording Date: Aug 04, 2022
  • Previous Sale Contract Date: Jul 06, 2022
  • Previous Sale Amount: $170,000
  • 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 Putnam

Stats & Trends

Median Asking:

$585,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2345 ft²

Average Home Age

59.1 years

Currently For Sale

278 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 2624 Carmel Avenue, Brewster, NY, 10509

$3,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2624 Carmel Avenue, Brewster, NY, 10509 Listing by Eva Warner
Unit for rent at 272 Brewster Hill Road, Brewster, NY, 10509

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 884 ft²
272 Brewster Hill Road, Brewster, NY, 10509 Listing by Regan Andrews

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5 Tea House Lane built and last sold?
The property at 5 Tea House Lane was built in and last sold on Nov 8, 2023 for $177,000.
How much is this home worth?
The estimated value of the home located at 5 Tea House Lane is $190,890.
What are some comparable homes to 5 Tea House Lane?
There are currently no comparable homes to 5 Tea House Lane.
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