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Orange 12589
8 Carmel Drive
$294,525
● House - Off Market

8 Carmel Drive

Newburgh (Town), NY 12589
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,338 Ft²
$406,599
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

If you're looking for a new house, then this 4 bed, 2.5 bath on 1.4 acres, situated back from the road, close to main roads, minutes to highway, schools and shopping is worth a look.  It will need a little TLC, so bring your hammer and nails and make this house a home again.  It won't last. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
Unit Size
3,338 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$87
Property Type
House
Property Taxes
$1,156
HOA Dues
-
Year Built
2005

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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 #KEYH6042947)

Price History

Date / Event Date Event Price
Jul 20, 2020 Sold
Premium
Sold
Jun 3, 2020 Listed by Vylla Home $290,000
Listed by Vylla Home
Dec 13, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 3,338
  • Building Area: 3,338
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,338
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LOT 2 SCH ENTERPRISES LP MAP 181-01

Neighborhood

  • School District Name: Wallkill Central School District
  • Census Tract: 010101

Geography

  • District: 334600
  • Section: 1.00
  • Parcel: 334600 1-1-11.22
  • Block: 1
  • Lot: 11.220
  • Municipality: NEWBURGH
  • Latitude: 41.6037
  • Longitude: -74.1205

    Address

  • Full Address: 8 Carmel Dr
  • Address - House Number: 8
  • Address - Street Name: Carmel
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wallkill
  • Carrier Code: R035
  • 4-Digit Zip Code: 5910
  • Zip Code: 12589

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,256,075
  • Tax Rate Code Area: 515201

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 635,150
  • High Value: 777,523
  • Low Value: 492,777

    Market Valuation

  • Market Total Value: $523,400
  • Market Land Value: $50,024
  • Market Improvement Value: $473,376

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,000
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $102,200

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200037080
  • Previous Sale Recording Date: Dec 13, 2004
  • Previous Sale Contract Date: Dec 08, 2004
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 27
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 Orange

Stats & Trends

Median Asking:

$482,000

Sale Price/ft²

$267

Below Asking

0.02%

Average Days on Market

90

Average Home Size

2233 ft²

Average Home Age

60.8 years

Currently For Sale

1266 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 11 Alexandra Matthews Road, Wallkill, NY, 12589

$2,900 /mo

  • 3 Beds
  • 1 Bath
  • 1,440 ft²
11 Alexandra Matthews Road #A, Wallkill, NY, 12589 Listing by George K Koudounas

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 8 Carmel Drive built and last sold?
The property at 8 Carmel Drive was built in 2005 and last sold on Jun 12, 2020 for $294,525.
How much is this home worth?
The estimated value of the home located at 8 Carmel Drive is $323,850.
What are some comparable homes to 8 Carmel Drive?
There are currently no comparable homes to 8 Carmel Drive.
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