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Lake Carmel 10512
85 Salem Road
$352,500
● House - Off Market

85 Salem Road

Kent, NY 10512
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,244 Ft²
$357,764
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome home!  Full time vacation home. All Electric! Ideal lake home perfectly located less than 1 block away from the beach with lake views.  Come and see this "showroom," house, looks like it's right out of Better Homes & Garden.  Beautifully renovated.  Fenced in yard, perfect for entertaining, or private oasis. Within walking distance to all beaches, restaurants, & local store.  Close to shops, schools, Metro North train station.  Fishing, boating, and swimming.  Carmel School district.  Public garbage and lake rights.  Easy maintenance, screams pride in ownership.  This house will not last!  Come and see before it's gone! A/O 3/28/22 Continue to show for backup. Contracts out
Unit Size
1,244 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$285
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1940

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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: 5 months ago (OneKey MLS #KEYH6167854)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Feb 21, 2022 Listed by William Raveis-New York, LLC $355,000
Listed by William Raveis-New York, LLC
Aug 2, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2000
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000091
  • 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: 010300

Zoning

  • Zoning: R10

Geography

  • Account Number: 023825
  • District: 372200
  • Section: 33.34
  • Parcel: 372200 33.34-1-55
  • Block: 1
  • Lot: 55.000
  • Municipality: KENT
  • Latitude: 41.4625
  • Longitude: -73.6609

    Address

  • Full Address: 85 Salem Rd
  • Address - House Number: 85
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Carmel
  • Carrier Code: R004
  • 4-Digit Zip Code: 6519
  • Zip Code: 10512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $715,733
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 355,865
  • High Value: 427,237
  • Low Value: 284,493

    Market Valuation

  • Market Total Value: $290,698
  • Market Land Value: $21,802
  • Market Improvement Value: $268,896

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,000
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $185,000

    Sales

  • Current Sale Contract Date: May 24, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 5117
  • Previous Sale Recording Date: Dec 17, 2019
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Document Type: 40
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 Lake Carmel

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$343

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1519 ft²

Average Home Age

72 years

Currently For Sale

27 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 189 Fair Street, Carmel, NY, 10512

$2,495 /mo

  • 2 Beds
  • 1 Bath
  • 660 ft²
189 Fair Street #4D, Carmel, NY, 10512 Listing by Gary Margolis
Unit for rent at 702 Fox Run Lane, Carmel, NY, 10512

$1,800 /mo

  • Studio
  • 1 Bath
  • 500 ft²
702 Fox Run Lane #1, Carmel, NY, 10512 Listing by Andre Aivazians
Unit for rent at 5801 Applewood Circle, Carmel, NY, 10512

$3,800 /mo

  • 2 Beds
  • 3 Baths
  • 2,054 ft²
5801 Applewood Circle, Carmel, NY, 10512 Listing by C M Cooper

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 85 Salem Road built and last sold?
The property at 85 Salem Road was built in 1940 and last sold on May 24, 2022 for $352,500.
How much is this home worth?
The estimated value of the home located at 85 Salem Road is $360,043.
What are some comparable homes to 85 Salem Road?
There are currently no comparable homes to 85 Salem Road.
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