$350,000
●
House -
Off Market
7 Orchard Road
North Salem, NY 10509
2 Beds
1 Bath
840 Ft²
$2,421
Est. Monthly
$233
HOA / Fees
About This Property
Welcome to Peach Lake! Turn-key home in sought after Vails Grove
lake community. Peach Lake is one of the few lakes in Westchester
County that allow motor boats! Enjoy boating, swimming and
fishing in the summer, and ice fishing, skating and snowmobiling in
the winter. This lake has something for everyone! Vails Grove is a
private lake community with amenities that include Lake Rights,
Docking Rights, Beach W/ Lifeguard in the summer, Playground,
Basketball, lakefront Pavilion with year-round activities, all
within walking distance from your front door. Vails Grove is
conveniently located off Route 121 close to shopping and
restaurants, yet also surrounded by horse country and 3 beautiful
golf courses - Pequenakonck Country Club, Salem Golf Club, and
Vails Grove Golf Course. This home features 2 Bedrooms, 1 Full
Bath, Laundry Room, many closets, pull down attic and full
unfinished walk out basement offer tons of storage, driveway and
common parking area directly across from the home. Quarterly
Maintenance fee includes grounds, ground maintenance, trash and
snow removal. Close to everything, yet feels like you're on
vacation! Schools, highways, shopping, golfing, horse farms and
Metro-North all within minutes. North Salem School District!
Additional Information: HeatingFuel:Oil Above Ground,
Unit Size
840 Ft²
Days on Market
-
Land Size
-
Price per sqft
$405
Property Type
House
Property Taxes
$518
HOA Dues
$233
Year Built
-
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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 #KEYH6302910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| May 14, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Listed by William Raveis-New York LLC | $340,000 | |
| Listed by William Raveis-New York LLC | |||
| | |||
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Welcome to Peach Lake! Turn-key home in sought after Vails Grove lake community. Peach Lake is one of the few lakes in Westchester County that allow motor boats! Enjoy boating, swimming and fishing in the summer, and ice fishing, skating and snowmobiling in the winter. This lake has something for everyone! Vails Grove is a private lake community with amenities that include Lake Rights, Docking Rights, Beach W/ Lifeguard in the summer, Playground, Basketball, lakefront Pavilion with year-round activities, all within walking distance from your front door. Vails Grove is conveniently located off Route 121 close to shopping and restaurants, yet also surrounded by horse country and 3 beautiful golf courses - Pequenakonck Country Club, Salem Golf Club, and Vails Grove Golf Course. This home features 2 Bedrooms, 1 Full Bath, Laundry Room, many closets, pull down attic and full unfinished walk out basement offer tons of storage, driveway and common parking area directly across from the home. Quarterly Maintenance fee includes grounds, ground maintenance, trash and snow removal. Close to everything, yet feels like you're on vacation! Schools, highways, shopping, golfing, horse farms and Metro-North all within minutes. North Salem School District!
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017