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Putnam Lake 10509
7 Hermitage Road
$118,000
● House - Off Market

7 Hermitage Road

Patterson, NY 10509
bedrooms
2 Beds
bathrooms
1 Bath
square feet
816 Ft²
$141,188
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

A Putnam Lake Cottage needing renovation but offering endless possibilities with its unfinished basement, storage space, and spacious lot. Conveniently located close to Putnam Lake beaches, shopping, Metro North, and Connecticut. Great opportunity awaits for investors and contractors! Additional Information:  Amenities:Storage,HeatingFuel:Oil Above Ground,
Unit Size
816 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$122
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1931

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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 #KEYH6023817)

Price History

Date / Event Date Event Price
May 29, 2020 Sold
Premium
Sold
Mar 10, 2020 Listed by Houlihan Lawrence Inc. $99,900
Listed by Houlihan Lawrence Inc.
Apr 4, 2017 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 2022
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,012
  • Building Area: 1,012
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,012
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF PUTNAM LAKE
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Brewster Central School District
  • School Tax School District: BREWSTER
  • Census Tract: 010202

Zoning

  • Zoning: RPL10

Geography

  • Account Number: 032375
  • District: 372400
  • Section: 36.48
  • Parcel: 372400 36.48-1-23
  • Block: 1
  • Lot: 23.000
  • Municipality: PATTERSON
  • Latitude: 41.4545
  • Longitude: -73.5393

    Address

  • Full Address: 7 Hermitage Rd
  • Address - House Number: 7
  • Address - Street Name: Hermitage
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Patterson
  • Zip Code: 12563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $577,481
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 373001

    Appraisal Valuation

  • Standard Deviation: 0.2062
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 227,596
  • High Value: 274,528
  • Low Value: 180,664

    Market Valuation

  • Market Total Value: $352,400
  • Market Land Value: $40,100
  • Market Improvement Value: $312,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,400
  • Assessed Land Value: $40,100
  • Assessed Improvements Value: $312,300

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jun 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 4238-2020
  • Previous Sale Recording Date: Apr 04, 2017
  • Previous Sale Contract Date: Mar 21, 2017
  • Previous Sale Amount: $180,000
  • 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 Lake

Stats & Trends

Median Asking:

$427,500

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

86

Average Home Size

1639 ft²

Average Home Age

66.5 years

Currently For Sale

13 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 1403 Scarborough Drive, Brewster, NY, 10509

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,660 ft²
1403 Scarborough Drive, Brewster, NY, 10509 Listing by Mark Anderson

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 7 Hermitage Road built and last sold?
The property at 7 Hermitage Road was built in 1931 and last sold on May 29, 2020 for $110,000.
How much is this home worth?
The estimated value of the home located at 7 Hermitage Road is $110,456.
What are some comparable homes to 7 Hermitage Road?
There are currently no comparable homes to 7 Hermitage Road.
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