NOT LISTED FOR SALE

5 Lake Dr Somers, NY 10589

Estimated Value: $818,000 - $1,176,000

4 Beds
2.5 Baths
2,450 Sq Ft
$412/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $1,125,000 $459 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $6,818/month

12 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Eat-In Gourmet Kitchen
  • North Salem Middle/High School Rated A-
  • In Ground Pool
  • Panoramic View

About This Home

As of July 2024

First time on the market in 30 yrs! 4 Bedroom Colonial meticulously maintained & updated. Eat in kitchen with Quartzite counters opens to family room with working fireplace. Both rooms have sliders to an oversized 3 season porch which has hosted many parties! Porch steps lead down to a slate patio & spectacular fully fenced yard with fenced in ground pool. Back in the house, an office with built in shelves & cabinets, living room, dining room, powder room & laundry room complete the first floor. Second floor has primary bedroom with professionally designed California Closet, primary bathroom with walk in shower & vanity with 2 sinks, 3 additional bedrooms & hall bathroom with tub & shower & vanity with 2 sinks. Finished basement for storage with windows & door out. 2nd floor central AC & whole house generator. Hardie Board Plank Siding means your exterior is practically maintenance free! Summit Lake views from the front windows & front porch with lake rights. Summer days at the beach!

Last Agent to Sell the Property

Debra Budetti

ERA Insite Realty Services Brokerage Phone: (914) 804-2855 License #10301205597 Listed on: 04/24/2024

ERA Insite Realty Services

Co-Listed By

LOUIS BUDETTI JR

ERA Insite Realty Services Brokerage Phone: (914) 804-2855 License #10311201922

Last Buyer's Agent

Eric Bernstein

Compass Greater NY, LLC License #40BE0944186

Compass Greater NY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,912

Year Built

  • Built in 1968

Lot Details

  • 1.08 Acre Lot
  • Beach Front
  • Lake Front
  • Cul-De-Sac
  • Back Yard Fenced
  • Level Lot

HOA Fees

  • $20 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic

Home Design

  • Colonial Architecture
  • Frame Construction
  • HardiePlank Type

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Home Office
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Gourmet Kitchen
  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Double Vanity

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • In Ground Pool
  • Water Access
  • Lake Privileges
  • Porch

Location

  • Property is near public transit

Schools

  • Pequenakonck Elementary School
  • North Salem Middle/ High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Well
  • Water Purifier is Owned
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5200-006-019-00001-000-0003

Community Details

Overview

  • Lake Association

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,912

Year Built

Built in 1968

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1968
  • Attribution Contact: (914) 804-2855
  • Co List Office Mls Id: ONEERAINS
  • Co List Office Phone: 914-949-9600
  • Ownership: Homeowner Assoc
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer, Water Purifier Owned
  • Interior Amenities: Chefs Kitchen, Double Vanity, Eat-in Kitchen, Formal Dining, Entrance Foyer, Home Office, Master Bath, Powder Room, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Full
  • Inclusions: Dishwasher,Dryer,Generator,Pool Equipt/Cover,Refrigerator,Screens,Shades/Blinds,Storm Windows,Washer,Water Conditioner Owned
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Living Area: 2450
  • AtticDescription: Pull Stairs
  • SquareFootage: 2450.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, HardiPlank Type
  • Waterfront Features: Beach Front, Lake Privileges, Lake/Pond/Stream, Water Access
  • Fencing: Back Yard
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Panoramic, Lake
  • Patio and Porch Features: Porch
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage: Yes
  • Parking Description: Attached, 2 Car Attached, Driveway

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Electric, Hot Water
  • Sewer: Septic Tank
  • Water Source: Well
  • GarbageRemoval: Private
  • Hot Water: Electric Stand Alone

Condo/Co-op/Association

  • HOA Fee Includes: Other
  • Association Amenities: Lake Association
  • Association Fee: 20
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • DevelopmentName: Summit Lake

Association/Amenities

  • Community Features: Park, Near Public Transportation

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: North Salem Middle/ High School

Lot Info

  • Lot Size Acres: 1.08
  • Lot Size Sq Ft: 47045
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit, Cul-De-Sec
  • Parcel Number: 5200-006-019-00001-000-0003
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 16912
  • Tax Map Number: 5200-006-019-00001-000-0003

MLS Schools

  • Elementary School: Pequenakonck Elementary School
  • High School: North Salem Middle/ High School
  • Middle School District: North Salem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jul 2, 2024
Sold by
Budetti Louis F and Budetti Debra
Bought by
Giorgio James and Giorgio Michelle
Seller's Agent
Debra Budetti
ERA Insite Realty Services
Buyer's Agent
Eric Bernstein
Compass Greater NY, LLC
List Price
$997,500
Sold Price
$1,125,000
Premium/Discount to List
$127,500
12.78%
Views
18
Current Estimated Value
$1,008,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,739
Avg. Annual Appreciation
-7.53%
Original Mortgage
$967,500
Outstanding Balance
$956,033
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$52,228

Purchase Details

Closed on
Aug 7, 2010
Sold by
Swamy Donna
Bought by
Crawford Jason L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Giorgio James $1,125,000 Thoroughbred Title
Crawford Jason L $305,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giorgio James $967,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $1,125,000 +12.8% $459 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $997,500 -- $407 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,873 $74,400 $15,000 $59,400
2023 $16,903 $74,400 $15,000 $59,400
2022 $3,542 $74,400 $15,000 $59,400
2021 $16,627 $74,400 $15,000 $59,400
2020 $16,372 $74,400 $15,000 $59,400
2019 $16,019 $74,400 $15,000 $59,400
2018 $15,469 $74,400 $15,000 $59,400
2017 $3,324 $74,400 $15,000 $59,400
2016 $15,452 $74,400 $15,000 $59,400
2015 -- $74,400 $15,000 $59,400
2014 -- $74,400 $15,000 $59,400
2013 -- $74,400 $15,000 $59,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6302619

OneKey® MLS

APN: 5200-006-019-00001-000-0003