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Putnam 10516
70 Lane Gate Road
$450,000
● House - Off Market

70 Lane Gate Road

Philipstown, NY 10516
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,362 Ft²
$830,346
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Dreams do come true! Rarely do you find that unique home that brings to mind visions of a country lifestyle from a magazine cover. This red farmhouse on 7.2 acres of fabulous property, has vaulted and beamed ceilings throughout. Hardwoods, barn door and wood burning stoves to keep you warm. Set up currently as a three bedroom main house with a connected pied-a-terre, great opportunity to live in and air b&b the pied-a-terre. Brand new windows throughout, one car garage, greenhouse and fenced garden. Additional Information:  Amenities:Guest Quarters,ParkingFeatures:1 Car Detached,
Unit Size
2,362 Ft²
Days on Market
-
Land Size
7.20 acres
Price per sqft
$233
Property Type
House
Property Taxes
$862
HOA Dues
-
Year Built
1930

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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 #KEYH4847154)

Price History

Date / Event Date Event Price
Feb 15, 2019 Sold
Premium
Sold
Oct 9, 2018 Listed by Garrison Realty Group $550,000
Listed by Garrison Realty Group

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 313,632
  • Lot Size Frontage Feet: 4,270
  • Total Building Area: 2,362
  • Building Area: 2,362
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 2,362
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007200
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Haldane Central School District
  • School Tax School District: HALDANE
  • Census Tract: 010600

Zoning

  • Zoning: R80

Geography

  • District: 372689
  • Section: 38.00
  • Parcel: 372689 38.-3-44
  • Block: 3
  • Lot: 44.000
  • Municipality: PHILIPSTOWN (TOV)
  • Latitude: 41.427
  • Longitude: -73.92

    Address

  • Full Address: 70 Lane Gate Rd
  • Address - House Number: 70
  • Address - Street Name: Lane Gate
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Cold Spring
  • Carrier Code: R085
  • 4-Digit Zip Code: 3529
  • Zip Code: 10516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,498,834
  • Tax Rate Code Area: 372601

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 677,397
  • High Value: 799,189
  • Low Value: 555,605

    Market Valuation

  • Market Total Value: $582,907
  • Market Land Value: $293,867
  • Market Improvement Value: $289,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,300
  • Assessed Land Value: $103,500
  • Assessed Improvements Value: $101,800

    Sales

  • Current Sale Contract Date: Feb 06, 2019
  • Current Sale Recording Date: Feb 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1500457
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 392 Main Street, Cold Spring, NY, 10516

$3,350 /mo

  • 2 Beds
  • 1 Bath
  • 906 ft²
392 Main Street, Cold Spring, NY, 10516 Listing by Thalassa Glasson
Unit for rent at 376 Lane Gate Road, Cold Spring, NY, 10516

$6,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,616 ft²
376 Lane Gate Road, Cold Spring, NY, 10516 Listing by Nora Preusser

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 Lane Gate Road built and last sold?
The property at 70 Lane Gate Road was built in 1930 and last sold on Feb 6, 2019 for $450,000.
How much is this home worth?
The estimated value of the home located at 70 Lane Gate Road is $557,852.
What are some comparable homes to 70 Lane Gate Road?
There are currently no comparable homes to 70 Lane Gate Road.
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