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Westchester 10536
86 Lake Road
$650,000
● House - Off Market

86 Lake Road

Somers, NY 10536
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,596 Ft²
$743,887
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

With a covered porch overlooking the reservoir, set on two plus acres, the setting is mesmerizing. Rich in history, being part of a large prosperous farm, this home was built for the parents of the original farm owners. With hardwood floors, large expansive windows and spacious rooms, the flow of the home has a wonderful, magical experience. Upstairs the wood floors continue in the large rooms all overlooking the expansive grounds. Strolling the property you come upon three different out buildings, specimen trees and sprawling lawns. All this convenient to NYC. Take a row boat out into the reservoir or just enjoy incredible sunsets from your charming front porch. Additional Information:  Amenities:Storage,HeatingFuel:Oil Above Ground,
Unit Size
1,596 Ft²
Days on Market
103 days
Land Size
2.17 acres
Price per sqft
$407
Property Type
House
Property Taxes
$950
HOA Dues
-
Year Built
1925

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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 #KEYH6108501)

Price History

Date / Event Date Event Price
May 10, 2021 Relisted $650,000
Relisted
Apr 19, 2021 Listed by Houlihan Lawrence Inc. $650,000
Listed by Houlihan Lawrence Inc.
Jun 6, 2000 Sold
Premium
Sold
Apr 7, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,525
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Somers Central School District
  • School Tax School District: SOMERS
  • Census Tract: 014901

Zoning

  • Zoning: R-80

Geography

  • Account Number: 2729000
  • District: 555200
  • Section: 27.10
  • Parcel: 555200 27.10-1-12
  • Block: 1
  • Lot: 12.000
  • Municipality: SOMERS
  • Latitude: 41.309
  • Longitude: -73.7366

    Address

  • Full Address: 86 Lake Rd
  • Address - House Number: 86
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Katonah
  • Carrier Code: R004
  • 4-Digit Zip Code: 3178
  • Zip Code: 10536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,177,226
  • Tax Rate Code Area: 555201

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 691,257
  • High Value: 842,476
  • Low Value: 540,037

    Market Valuation

  • Market Total Value: $537,591
  • Market Land Value: $149,331
  • Market Improvement Value: $388,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,200
  • Assessed Land Value: $14,500
  • Assessed Improvements Value: $37,700

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 612143614
  • Previous Sale Recording Date: Jun 06, 2000
  • Previous Sale Contract Date: Apr 28, 2000
  • Previous Sale Amount: $466,000
  • Previous Sale Document Type: 12
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 Westchester

Stats & Trends

Median Asking:

$779,000

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2425 ft²

Average Home Age

69.5 years

Currently For Sale

1843 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 20 Primrose Street, Katonah, NY, 10536

$9,700 /mo

  • 4 Beds
  • 3 Baths
  • 3,436 ft²
20 Primrose Street, Katonah, NY, 10536 Listing by Cheryl Neuburger
Unit for rent at 157 Route 202, Somers, NY, 10589

$3,000 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
157 Route 202 #1, Somers, NY, 10589 Listing by Alban Dedvukaj

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 86 Lake Road built and last sold?
The property at 86 Lake Road was built in 1925 and last sold on Aug 2, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 86 Lake Road is $656,500.
What are some comparable homes to 86 Lake Road?
There are currently no comparable homes to 86 Lake Road.
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