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Orange 10950
970 Lakes Road
$570,000
● House - Off Market

970 Lakes Road

Chester Town, NY 10950
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,420 Ft²
$635,672
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome home!This stunning custom colonial with a Legal In-Law Suite,is sure to have everything you are looking for in a home!Located in the award winning Monroe Woodbury School district.This home features an open floor plan on main level with gas fireplace in family room, hardwood floors, corian counter tops in extra large kitchen,XL closets throughout,ceramic tiles,recessed lighting & ceiling fans in every room.4 large bedrooms & upstairs laundry room! In-law Suite is in full walkout basement complete with kitchen,full bath, living room with a wood burning stove and private entrance. Covered front porch, side deck, large back deck,rear patio with pavers, 1 car garage and large driveway for ALL your family and guests! Level backyard. Close to Woodbury Commons, great commuter location.Newer Water softner,Hot water boiler replaced July '19-Newer LG Double oven in kitchen,Fridge is newer,Brand new main kitchen microwave, Dec.'20,House exterior was just professionally power washed
Unit Size
3,420 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$161
Property Type
House
Property Taxes
$1,250
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 #KEYH6105367)

Price History

Date / Event Date Event Price
Aug 19, 2021 Sold
Premium
Sold
Jul 19, 2021 Sold
Premium
Sold
Jun 3, 2021 In contract -
In contract
Apr 30, 2021 Listed by HomeSmart Homes & Estates $550,000
Listed by HomeSmart Homes & Estates
Dec 3, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 900
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,420
  • Gross Building Area: 3,420
  • Building Area: 3,420
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KS ESTATES
  • Land Acres: 0000001000
  • Standard Land Use Code: 1999
  • County Land Use Code: 215
  • Legal Description 1: LOT 2 KS ESTATES SUB MAP 366-05

Neighborhood

  • School District Name: Monroe-Woodbury Central School District
  • School Tax School District: MONROE-WOODBURY
  • Census Tract: 014302

Zoning

  • Zoning: SR2

Geography

  • Account Number: 18-1-38.21
  • District: 332289
  • Section: 18.00
  • Parcel: 332289 18-1-56
  • Block: 1
  • Lot: 56.000
  • Municipality: CHESTER
  • Latitude: 41.2816
  • Longitude: -74.2441

    Address

  • Full Address: 970 Lakes Rd
  • Address - House Number: 970
  • Address - Street Name: Lakes
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Monroe
  • Carrier Code: R008
  • 4-Digit Zip Code: 5101
  • Zip Code: 10950

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,481,425
  • Tax Rate Code Area: 334001

    Appraisal Valuation

  • Standard Deviation: 0.2214
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 651,769
  • High Value: 796,131
  • Low Value: 507,406

    Market Valuation

  • Market Total Value: $567,100
  • Market Land Value: $121,957
  • Market Improvement Value: $445,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,500
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $182,500

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Aug 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20210056309
  • Previous Sale Recording Date: Dec 03, 2013
  • Previous Sale Contract Date: Nov 26, 2013
  • Previous Sale Amount: $395,000
  • 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 57 School Road, Monroe, NY, 10950

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,824 ft²
57 School Road, Monroe, NY, 10950 Listing by Joseph Rosenfeld
Unit for rent at 256 Heritage Lane, Monroe, NY, 10950

$3,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,699 ft²
256 Heritage Lane, Monroe, NY, 10950 Listing by Francisco Gomez
Unit for rent at 8 Hickory Lane, Monroe, NY, 10950

$3,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,084 ft²
8 Hickory Lane, Monroe, NY, 10950 Listing by Eliezer Safdie

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 970 Lakes Road built and last sold?
The property at 970 Lakes Road was built in 2005 and last sold on Jul 19, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 970 Lakes Road is $568,910.
What are some comparable homes to 970 Lakes Road?
There are currently no comparable homes to 970 Lakes Road.
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