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Putnam Lake 12563
8 Reading Road
$245,000
● House - Off Market

8 Reading Road

Patterson, NY 12563
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,088 Ft²
$370,692
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

new renovated home 2 bedroom home. Brand new kitchen and bath. new cabinets, new appliances, new granite countertops in kitchen. new tile, vanity, tub and shower in bath. Interior, deck and exterior painted, hot water heater replaced, new carpets and refinished wood floors. Rec room/storage in basement with new flooring. Recently landscaped. Mudroom and deck now legal with paperwork available. Located near Putnam Lake. Additional Information: HeatingFuel:Oil Above Ground,
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$225
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #KEYH4746596)

Price History

Date / Event Date Event Price
Jul 24, 2018 Sold
Premium
Sold
Oct 20, 2017 Listed by Continental Real Estate Group $245,000
Listed by Continental Real Estate Group
May 16, 2017 Sold
Premium
Sold
Apr 26, 2016 Listed by Todd David Realty, LLC $74,000
Listed by Todd David Realty, LLC
Handyman special. This cottage style house offers living room, eat-in kitchen, 2 bedrooms, bonus room, 1 full bath. Unfinished basement, driveway. Cash only. Short sale Additional Information: HeatingFuel:Oil Below Ground,

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2017
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 316
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,088
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Brewster Central School District
  • School Tax School District: BREWSTER
  • Census Tract: 010100

Zoning

  • Zoning: RPL10

Geography

  • Account Number: 057825
  • District: 372400
  • Section: 25.47
  • Parcel: 372400 25.47-2-29
  • Block: 2
  • Lot: 29.000
  • Municipality: PATTERSON
  • Latitude: 41.4769
  • Longitude: -73.5433

    Address

  • Full Address: 8 Reading Rd
  • Address - House Number: 8
  • Address - Street Name: Reading
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Patterson
  • Carrier Code: R003
  • 4-Digit Zip Code: 8926
  • Zip Code: 12563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,057,183
  • Tax Rate Code Area: 373001

    Appraisal Valuation

  • Standard Deviation: 0.1939
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 396,547
  • High Value: 473,465
  • Low Value: 319,630

    Market Valuation

  • Market Total Value: $324,800
  • Market Land Value: $32,500
  • Market Improvement Value: $292,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,800
  • Assessed Land Value: $32,500
  • Assessed Improvements Value: $292,300

    Sales

  • Current Sale Contract Date: Jul 10, 2018
  • Current Sale Recording Date: Jul 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1501864
  • Previous Sale Recording Date: May 16, 2017
  • Previous Sale Contract Date: May 04, 2017
  • Previous Sale Amount: $71,000
  • Previous Sale Document Type: 33
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 Lake

Stats & Trends

Median Asking:

$427,500

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

86

Average Home Size

1639 ft²

Average Home Age

66.5 years

Currently For Sale

13 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 8 Reading Road built and last sold?
The property at 8 Reading Road was built in 1950 and last sold on Jul 10, 2018 for $245,000.
How much is this home worth?
The estimated value of the home located at 8 Reading Road is $253,469.
What are some comparable homes to 8 Reading Road?
There are currently no comparable homes to 8 Reading Road.
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