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Putnam 10512
70 Old Forge Drive
$395,000
● House - Off Market

70 Old Forge Drive

Kent, NY 10512
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,219 Ft²
$523,571
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Lake house on desirable Lake Sagamore! Gorgeous setting on flat private property with south-westerly views. House needs updating and renovations with magnificent potential. Bring your architect and your dreams! Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:2 Car Attached,
Unit Size
2,219 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$178
Property Type
House
Property Taxes
$904
HOA Dues
$625
Year Built
1971

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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 #KEYH5035405)

Price History

Date / Event Date Event Price
Nov 16, 2020 Sold
Premium
Sold
Sep 27, 2019 In contract -
In contract
Aug 22, 2019 Listed by Houlihan Lawrence Inc. $395,000
Listed by Houlihan Lawrence Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1980
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 694
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 12

    Dimensions

  • Lot Size Square Feet: 36,639
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 1,770
  • Total Building Area: 2,219
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000841
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Carmel Central School District
  • School Tax School District: CARMEL
  • Census Tract: 010500

Zoning

  • Zoning: R80

Geography

  • Account Number: 096495
  • District: 372200
  • Section: 19.16
  • Parcel: 372200 19.16-1-34
  • Block: 1
  • Lot: 34.000
  • Municipality: KENT
  • Latitude: 41.4739
  • Longitude: -73.7837

    Address

  • Full Address: 70 Old Forge Dr
  • Address - House Number: 70
  • Address - Street Name: Old Forge
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Carmel
  • Carrier Code: R002
  • 4-Digit Zip Code: 3411
  • Zip Code: 10512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,370,658
  • Initial Tax Delinquent Year: 2024
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 536,215
  • High Value: 630,659
  • Low Value: 441,771

    Market Valuation

  • Market Total Value: $494,186
  • Market Land Value: $181,686
  • Market Improvement Value: $312,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,000
  • Assessed Land Value: $125,000
  • Assessed Improvements Value: $215,000

    Sales

  • Current Sale Contract Date: Nov 11, 2020
  • Current Sale Recording Date: Nov 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9886-2020
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

2444 ft²

Average Home Age

57.5 years

Currently For Sale

276 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 317 Lake Shore Road, Putnam Valley, NY, 10579

$5,500 /mo

  • 2 Beds
  • 1 Bath
  • 920 ft²
317 Lake Shore Road, Putnam Valley, NY, 10579 Listing by Joshua Harding

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 Old Forge Drive built and last sold?
The property at 70 Old Forge Drive was built in 1971 and last sold on Nov 11, 2020 for $395,000.
How much is this home worth?
The estimated value of the home located at 70 Old Forge Drive is $413,843.
What are some comparable homes to 70 Old Forge Drive?
There are currently no comparable homes to 70 Old Forge Drive.
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