7 Lyceum Road
About This Property
This Lagrangeville mother-daughter offers true multigenerational flexibility: a legal accessory apartment (1BR, 1BA) with its own separate entrance, ideal for extended family, rental income, or guests. Rent for the accessory apartment was $1,400/month plus $75 for garbage and wifi, with electric and heat included. Tucked at the end of a private dead-end street with only four homes total, the property pairs seclusion with everyday convenience - just minutes from the Taconic State Parkway and close to two shopping plazas featuring ShopRite, Dunkin', a pet store, preschool, and a beloved family-owned Italian bakery.
Inside, the main kitchen impresses with generous counter and cabinet space, Italian tile backsplash, and granite countertops. A sun-drenched sunroom off the primary bedroom offers year-round flexibility, while the primary bath is a private retreat with a jacuzzi tub and separate shower. Brand new central air (installed July 2026) keeps the whole home comfortable.
The grounds are a gardener's dream, with mature flowering trees and perennials including dogwood, magnolia, red bud, and azalea, alongside hostas, lilies, daffodils, climbing roses, and more - a landscape that blooms in waves from spring through summer. Entertain effortlessly on the large back deck with gazebo and stone patio, perfect for summer gatherings. A door at the top of the stairs also opens up further possibilities - home office or Airbnb potential - beyond the accessory apartment itself.
Privacy, gardens, updates, and income potential - this is a home that offers something for everyone.
Sale is AS IS. Washer does not convey. The 1BR/1BA accessory apartment is included in the total square footage and bedroom/bathroom count. Recently appraised at $560,000.
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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.
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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 |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$529,900
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Aug 11, 2026 | Listed by Hudson Dwellings Realty | $549,900 | |
| Listed by Hudson Dwellings Realty | |||
| Aug 26, 2019 | Sold | ||
| Sold | |||
| Oct 30, 2018 | Listed by Hudson Dwellings Realty | $329,900 | |
| Listed by Hudson Dwellings Realty | |||
| Oct 21, 2014 | Sold | ||
| Sold | |||
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About Dutchess
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017