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Lake Carmel 10512
88 Cottage Road
$255,000
● House - Off Market

88 Cottage Road

Kent, NY 10512
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,406 Ft²
$316,179
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

LAKE CARMEL | Charming 1,406 Sqft. Cottage - Lives Like a Two Bedroom | Totally Renovated (2018) | New Cooper Hunter Split A/C w. Heat System (2021) | Kitchen offers SSTL Appliances, Ample Counter Space/Slate Tile Floor | Living Room/Dining Area has Wood Tile Floors, a WB Fireplace/SGD to a 10' x 30' Deck/Fenced in Yard | Full Bath w. Corian Top Vanity | Laundry / Utility Room | Den/Office Space/Guest Room off the LR | Shoe Cave/Storage Space at the top of Steps | 2nd Floor Bedroom is Huge w. Six Closets & Room for a TV/Lounge Area - Complete Privacy from the Rest of the Home | Detached Garage, Driveway Parking & Additional 4-5 Car Parking in Lot Accessible through the Side Street or Walkway from Yard | Lake Rights & Garbage Removal is included in taxes | Lake Carmel offers Beaches w. Lifeguard, Swimming, Non-Motor Boating, Fishing & More | Commuter Location: 3 miles to 84/684 - 6 miles to Metro North (90 min to NYC/30 min to White Plains) | Nestled in the Center of Lake Carmel Additional Information: ParkingFeatures:1 Car Detached,
Unit Size
1,406 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$185
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1933

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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 #KEYH6087551)

Price History

Date / Event Date Event Price
Apr 22, 2021 Sold
Premium
Sold
Dec 28, 2020 Listed by Keller Williams Realty Partner $260,000
Listed by Keller Williams Realty Partner
Dec 23, 2013 Sold
Premium
Sold
Oct 26, 2013 Listed by Keller Williams Realty Partner $32,900
Listed by Keller Williams Realty Partner

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 2015
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,406
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD MAP OF LAKE CARMEL
  • Land Acres: 0000000210
  • 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: 017075
  • District: 372200
  • Section: 33.43
  • Parcel: 372200 33.43-1-22
  • Block: 1
  • Lot: 22.000
  • Municipality: KENT
  • Latitude: 41.4599
  • Longitude: -73.6575

    Address

  • Full Address: 88 Cottage Rd
  • Address - House Number: 88
  • Address - Street Name: Cottage
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Carmel
  • Carrier Code: R004
  • 4-Digit Zip Code: 6501
  • Zip Code: 10512

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $960,566
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 372002

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 392,267
  • High Value: 460,741
  • Low Value: 323,793

    Market Valuation

  • Market Total Value: $312,500
  • Market Land Value: $14,099
  • Market Improvement Value: $298,401

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,000
  • Assessed Land Value: $9,700
  • Assessed Improvements Value: $205,300

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 4966-2021
  • Previous Sale Recording Date: Dec 23, 2013
  • Previous Sale Contract Date: Dec 13, 2013
  • Previous Sale Amount: $33,000
  • 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 Lake Carmel

Stats & Trends

Median Asking:

$432,000

Sale Price/ft²

$341

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1552 ft²

Average Home Age

69.7 years

Currently For Sale

29 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: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 88 Cottage Road built and last sold?
The property at 88 Cottage Road was built in 1933 and last sold on Apr 8, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 88 Cottage Road is $265,424.
What are some comparable homes to 88 Cottage Road?
There are currently no comparable homes to 88 Cottage Road.
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