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Putnam 12563
70 Harmony Road
$710,000
● Land - Off Market

70 Harmony Road

Patterson, NY 12563
bedrooms
Studio
bathrooms
0 Bath
$4,419
Est. Monthly

About This Property

Nestled on just under 30 picturesque acres, this historic property, formerly known as Cascade Farms, offers a unique opportunity to create your dream space. Once a beloved non-profit farm school, Cascade Farms welcomed students of all ages to experience sustainable farming firsthand, from cuddling baby goats and watching chicks hatch to engaging in farm chores and preparing meals from their harvest. By 2011, the farm had served 600 to 800 students annually and supported a 100-member CSA. Today, the property features a 4,800-square-foot barn with a charming rocking chair front porch, now cleared and ready for your vision-whether as a distinctive single-family home, a vibrant horse property, or a return to its agricultural roots. Embrace the potential of this versatile and storied land, ripe for transformation.
Unit Size
-
Days on Market
59 days
Land Size
30.88 acres
Price per sqft
-
Property Type
Land
Property Taxes
$859
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 #KEYH6323331)

Price History

Date / Event Date Event Price
Nov 1, 2024 Sold
Premium
Sold
Sep 24, 2024 In contract -
In contract
Aug 29, 2024 Listed by McGrath Realty Inc $725,000
Listed by McGrath Realty Inc
Dec 13, 2023 Sold
Premium
Sold

Property Highlights

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: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,157,389
  • Lot Size Frontage Feet: 10,300
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000026570
  • Standard Land Use Code: 1015
  • County Land Use Code: 312

Neighborhood

  • School District Name: Carmel Central School District
  • School Tax School District: CARMEL
  • Census Tract: 010202

Zoning

  • Zoning: R4

Geography

  • District: 372400
  • Section: 3.15
  • Parcel: 372400 3.15-1-1
  • Block: 1
  • Lot: 1.000
  • Municipality: PATTERSON
  • Latitude: 41.5163
  • Longitude: -73.621

    Address

  • Full Address: 70 Harmony Rd
  • Address - House Number: 70
  • Address - Street Name: Harmony
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Patterson
  • Zip Code: 12563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,064,416
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 470,869
  • High Value: 540,011
  • Low Value: 401,728

    Market Valuation

  • Market Total Value: $356,700
  • Market Land Value: $250,600
  • Market Improvement Value: $106,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $356,700
  • Assessed Land Value: $250,600
  • Assessed Improvements Value: $106,100

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 7106
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

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2416 ft²

Average Home Age

57.5 years

Currently For Sale

272 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 90 Cushman, Patterson, NY, 12563

$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,286 ft²
90 Cushman, Patterson, NY, 12563 Listing by Eileen Mc Grath

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 70 Harmony Road built and last sold?
The property at 70 Harmony Road was built in and last sold on Aug 30, 2023 for $750,000.
How much is this home worth?
The estimated value of the home located at 70 Harmony Road is $732,250.
What are some comparable homes to 70 Harmony Road?
There are currently no comparable homes to 70 Harmony Road.
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