7 Evans Terrace
About This Property
with a breakfast is open to the dining room which features sliding glass doors leading to an expanded deck overlooking the level yard.Master bedroom with private spa-like bath , a dressing area and a walk in closet. A great house for entertaining indoor and out. Just over the Westchester border and a 12-minute ride to Metro North. Deeded lake rights to lake Cortlandt in continental village. Enjoy a trout stocked lake with a sandy beach & a lifeguard, tennis and basketball courts, a playground and a clubhouse. Close to hiking/biking
trails and foot paths along the majestic Hudson River. Gleaming hardwood floors.
Tall windows for lots of natural light. 9' ceilings in the walk-out basement has Great potential to increase the living space and has a patio at ground level. The property goes from one street to the next, with onsite parking on both in addition to the one-car heated garage. Additional Information: Amenities:Dressing Area,HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2023 | Sold | ||
| Sold | |||
| Oct 31, 2022 | In contract | - | |
| In contract | |||
| Oct 12, 2022 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Sep 9, 2022 | Price Decreased |
$510,000
↓ $40K
(7.3%) | |
| Price Decreased | |||
| Aug 23, 2022 | Listed by Howard Hanna Rand Realty | $550,000 | |
| Listed by Howard Hanna Rand Realty | |||
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About Putnam
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Data Source: OneKey MLS
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