NOT LISTED FOR SALE

87 Lake Ridge Cove Unit 87 Mohegan Lake, NY 10547

Estimated Value: $391,847 - $498,000

2 Beds
2.5 Baths
1,213 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $261,000 $215 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,267/month

70 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Property is near public transit
  • George Washington Elementary School Rated A
  • Clubhouse
  • Tennis Courts

About This Home

As of December 2020

This is the opportunity you have been waiting for! Very Spacious Duplex townhouse waiting for you to bring your HGTV ideas to life to make this Condo your new HOME. Large Eat-in Kitchen, Dinning Area, Living room with Fire place and doors to private Patio, 2 Master Bedrooms with en suite Bathroom, Great closet space, Washer & Dryer in unit, 1 Assigned parking space L9 right in front, Central Air. You will love the Villas On the Lake with all its amenities from lake right, to Pool, Tennis court, Playground, Clubhouse and much more. Easy access to all major Highways, Public transportation, Shops & restaurants. Dog Friendly and Very LOW monthly HOA of $464.40 and that includes lake associations. Yearly tax does not include star credit $2219

Last Agent to Sell the Property

Yara Annechiarico

At Home With Yara Realty License #10311208896 Listed on: 10/06/2020

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,989

Year Built

  • Built in 1988

Lot Details

  • Lake Front
  • Two or More Common Walls
  • Cul-De-Sac

HOA Fees

  • $465 Monthly HOA Fees

Interior Spaces

  • 1,213 Sq Ft Home
  • 2-Story Property
  • No Attic
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • In Ground Pool
  • Patio

Location

  • Property is near public transit

Schools

  • George Washington Elementary School
  • Lakeland-Copper Beech Middle Sch
  • Lakeland High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5400-015-016-00001-000-0028-2-87

Community Details

Overview

  • Association fees include ground maintenance, exterior maintenance, snow removal, trash, sewer
  • Exclusive Mgmt Association
  • Villas On The Lake Community
  • Villas On The Lake Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,989

Year Built

Built in 1988

Lot Details

0

HOA Fees

$465 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Townhouse
  • Property SubType: Condominium
  • Levels: Two
  • Subdivision Name: Villas On The Lake
  • Development Name: Villas On The Lake
  • Year Built: 1988
  • Attribution Contact: 914-372-1404
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Private Laundry, Eat-in Kitchen, Master Bath, Powder Room
  • Living Area Units: Square Feet
  • Attic Description: None
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: None
  • Total Bedrooms: 2
  • Living Area: 1213.00
  • Square Footage: 1213.00

Exterior Features

  • Waterfront Features: Lake/Pond/Stream
  • Pool Features: Inground Pool
  • Pool Private: Yes
  • Patio and Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Assigned, Parking Lot
  • Parking Assigned Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Hot Water: Gas Stand Alone
  • Laundry Features: In Unit
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Exterior Maintenance, Other, Snow Removal, Trash, Sewer
  • Management: Exclusive Mgmt
  • Association Fee: 465.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Association/Amenities

  • Community Features: Clubhouse, Pool, Tennis Court(s), Park

Fee Information

  • Additional Fee: No

Schools

  • Middle School: Lakeland-Copper Beech Middle Sch

Lot Info

  • Lot Features: Near Public Transit, Cul-De-Sec
  • Parcel Number: 5400-015-016-00001-000-0028-2-87
  • Property Attached: Yes

Rental Info

  • Lease Considered: No
  • Pets Allowed: Yes

Tax Info

  • Close Date: 2020-12-30
  • Tax Annual Amount: 4989.00
  • Tax Map Number: 5400-015-016-00001-000-0028-2-87

MLS Schools

  • Elementary School: George Washington Elementary School
  • High School: Lakeland High School
  • Middle School District: Lakeland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Dec 18, 2020
Sold by
Mtglq Investors Lp
Bought by
Savastano Anthony
Seller's Agent
Yara Annechiarico
At Home With Yara Realty
List Price
$285,000
Sold Price
$261,000
Premium/Discount to List
-$24,000
-8.42%
Current Estimated Value
$446,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,212
Avg. Annual Appreciation
11.49%

Purchase Details

Closed on
Mar 6, 2020
Sold by
Garufi Lorraine
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Aug 3, 2007
Sold by
Nettleton Andrea M and Nettleton Louise E
Bought by
Garufi Michael and Garufi Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,900
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2002
Sold by
Gschwind Michael K and Salapura Valentina
Bought by
Nettleton Louise E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2001
Sold by
Agarwal Ramesh C and Agarwal Shashi
Bought by
Gschwind Michael K and Salapura Valentina
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
Savastano Anthony $261,000 Fidelity National Title Ins
Mtglq Investors Lp $466,528 None Available
Garufi Michael $342,000 The Judicial Title Ins Agenc
Nettleton Louise E $229,000 Lawyers Title Insurance Corp
Gschwind Michael K $180,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garufi Michael $324,900
Previous Owner Nettleton Louise E $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $261,000 -5.9% $215 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
11/06/2020 11/06/20 Price Changed $277,500 -2.6% $229 / Sq Ft
10/06/2020 10/06/20 For Sale $285,000 -- $235 / 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 $5,438 $3,200 $1,150 $2,050
2023 $5,102 $3,200 $1,150 $2,050
2022 $4,984 $3,200 $1,150 $2,050
2021 $4,833 $3,200 $1,150 $2,050
2020 $4,866 $3,200 $1,150 $2,050
2019 $3,010 $3,200 $1,150 $2,050
2018 $2,645 $3,200 $1,150 $2,050
2017 $1,124 $3,200 $1,150 $2,050
2016 $5,962 $3,200 $1,150 $2,050
2015 $2,000 $3,200 $1,150 $2,050
2014 $2,000 $3,200 $1,150 $2,050
2013 $2,000 $3,200 $1,150 $2,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6075576

OneKey® MLS

APN: 5400-015-016-00001-000-0028-2-87