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Mount Vernon 10552 North Side
623 Hanover Place
$520,000
● House - Off Market

623 Hanover Place

Mount Vernon, NY 10552
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,075 Ft²
$527,943
RealtyHop Estimate
0.56%
Since Sep 1, 2023
NY-New York
Primary Model

About This Property

CORNER PROPERTY W/ OPEN MAIN LIVING AREA, 8 foot ceilings on a quiet street with quick access to Buses, Metro North Pelham & DeCicco Supmkt.,Mt.Vernon Metro North, MTA #2&5 are a quick drive. The home features a Foyer w/ storage, Wood Burning Fireplace, Screened in Porch off of the kitchen, Bonus Room/Office Space off of the kitchen. This home is perfect for large family gatherings. Additional Bonus Space for Storage in the Attic and a Bonus Space Off of the 2nd bedroom. Wilson's Woods Westchester County Park/Pool is a close walk and also an option for even larger cookouts with wave pool benefits. AS IS SALE-updated roof. Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Detached,
Unit Size
2,075 Ft²
Days on Market
329 days
Land Size
0.11 acres
Price per sqft
$253
Property Type
House
Property Taxes
$1,222
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: 4 months ago (OneKey MLS #KEYH6209567)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
May 19, 2023 In contract -
In contract
Apr 28, 2023 Price Decreased $525,000
↓ $30K (5.4%)
Price Decreased
Feb 1, 2023 Price Decreased $555,000
↓ $13K (2.2%)
Price Decreased
Nov 16, 2022 Price Decreased $567,500
↓ $8K (1.3%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Fireplace

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: 4,792
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF LINCOLN MANOR
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Mount Vernon School District
  • School Tax School District: MOUNT VERNON
  • Census Tract: 015100

Geography

  • Account Number: 051330
  • District: 550800
  • Section: 165.50
  • Parcel: 550800 165.50-2198-6
  • Block: 2198
  • Lot: 6.000
  • Municipality: MT VERNON
  • Latitude: 40.9183
  • Longitude: -73.815

    Address

  • Full Address: 623 Hanover Pl
  • Address - House Number: 623
  • Address - Street Name: Hanover
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Mount Vernon
  • Carrier Code: C064
  • 4-Digit Zip Code: 3806
  • Zip Code: 10552

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,312,670
  • Tax Rate Code Area: 550800

    Appraisal Valuation

  • Standard Deviation: 0.2203
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 564,296
  • High Value: 688,645
  • Low Value: 439,946

    Market Valuation

  • Market Total Value: $543,860
  • Market Land Value: $146,199
  • Market Improvement Value: $397,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,300
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $6,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 632223396
  • Previous Sale Recording Date: Aug 25, 2023
  • Previous Sale Contract Date: Aug 11, 2023
  • Previous Sale Amount: $520,000
  • 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 North Side

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$279

Below Asking

0.01%

Average Days on Market

98

Average Home Size

1339 ft²

Average Home Age

89.5 years

Currently For Sale

91 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 245 Wolfs Lane, Pelham, NY, 10803

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 716 ft²
245 Wolfs Lane #2A, Pelham, NY, 10803 Listing by Sona Davidian
Unit for rent at 548 S 9th Avenue, Mount Vernon, NY, 10550

$3,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,167 ft²
548 S 9th Avenue #2, Mount Vernon, NY, 10550 Listing by Kettisha R. Manson-Walker

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 623 Hanover Place built and last sold?
The property at 623 Hanover Place was built in and last sold on Aug 11, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 623 Hanover Place is $530,250.
What are some comparable homes to 623 Hanover Place?
There are currently no comparable homes to 623 Hanover Place.
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