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Mahopac House For Sale (Putnam County)

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BizCT Grand Master

BizCT

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My grandfather is going to be selling his house in Mahopac (Putnam County). If anyone is interested, let me know. It'll likely hit the market around August 15th. 

  • Original owner, house was built in 1970
  • New 275 Gallon Oil Tank installed in 2022 (above ground)
  • New driveway in 2021
  • New Trex Deck in 2016
  • New Garage doors & openers in 2016
  • New Well Pump in 2016
  • New Furnace in 2010
  • New Siding and Roof in 2006

Half acre property and flatter than a pancake. On the Westchester/Putnam County border, but Mahopac (Putnam County) schools. The interior is outdated, but clean. Hardwood floors underneath all the carpeting upstairs. 4 bedrooms, 2 and 1/2 bathrooms Colonial. I believe it's around 2300sqft and has a large unfinished dry basement that can be easily finished off if desired.

$389K

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BizCT Grand Master

BizCT

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Sounds like a nice house.   What’s the assessed value and taxes currently?

Idk how assessments works. When I lived in Yorktown it was assessed at $10K. My neighbors were $9K (no pool). There’s math calculations behind it all.

Taxes I believe are $10-12K range before STAR. His were much lower because of enhanced star because of his age. Once I get the details I can post.

It’s a great first home for someone as is or a fixer upper interior-wise to turn into a forever home


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BizCT Grand Master

BizCT

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Was there a radon inspection done during the summer months and is a copy of the inspection available?

That would be on the buyer, but I expect the final buyer will be waiving inspections if they want a chance to win the bid


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BizCT Grand Master

BizCT

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1 hour ago, BizCT said:


Idk how assessments works. When I lived in Yorktown it was assessed at $10K. My neighbors were $9K (no pool). There’s math calculations behind it all.

Taxes I believe are $10-12K range before STAR. His were much lower because of enhanced star because of his age. Once I get the details I can post.

It’s a great first home for someone as is or a fixer upper interior-wise to turn into a forever home


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1 hour ago, Lawdwaz said:

Sounds like a nice house.   What’s the assessed value and taxes currently?

According to tax records I came up with:

$12,260 before STAR

$9,855 after STAR (-$2,405)

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BizCT Grand Master

BizCT

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Shotgun area j believe?


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3N. 1/2 acre. No land to hunt. But the convenience of living across the street from Hank!


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Marion Proficient

Marion

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That would be on the buyer, but I expect the final buyer will be waiving inspections if they want a chance to win the bid


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That isn't really a thing anymore especially with the way rates are today
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crappyice Grand Master

crappyice

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3N. 1/2 acre. No land to hunt. But the convenience of living across the street from Hank!


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Fantastic...does purchase come with rights to Hank's pool and yard for bow practice?


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BizCT Grand Master

BizCT

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Fantastic...does purchase come with rights to Hank's pool and yard for bow practice?


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He sold the pool! But everything is negotiable. It’s my Mom’s grandfather though so wrong bloodline.


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BizCT Grand Master

BizCT

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2 hours ago, Nomad said:

Thanks ,I wasn’t seeing 2300 sq. Then I caught the roofline of the garage . 
 

Good luck, and let us know how it goes .

I think it's going to be 2,200 (not counting the 1ksqft unfinished basement). Thanks

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SportsmanNH Experienced

SportsmanNH

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29 minutes ago, BizCT said:



94 showings booked so far. Best & Finals due tomorrow at noon. 20 offers over asking so far


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Im not surprised about that many offers Biz. Im a builder , land developer , real estate investor . I did a quick analysis on that house on competing listings , pending listings , and sold properties on your GGrandfathers house when you !st posted it was going up for sale . Based on square footage , age and condition ,  I estimated that it was underpriced between 25 to 40 thousand dollars . I actually came up with it should of been listed between 420 to 429 thousand . It would still have been a good deal at my higher price . Most pending and sold houses I found  in that price range were 1700 to 2000 sqft . This house beats those in size at 2194 

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BizCT Grand Master

BizCT

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Im not surprised about that many offers Biz. Im a builder , land developer , real estate investor . I did a quick analysis on that house on competing listings , pending listings , and sold properties on your GGrandfathers house when you !st posted it was going up for sale . Based on square footage , age and condition ,  I estimated that it was underpriced between 25 to 40 thousand dollars . I actually came up with it should of been listed between 420 to 429 thousand . It would still have been a good deal at my higher price . Most pending and sold houses I found  in that price range were 1700 to 2000 sqft . This house beats those in size at 2194 

Yup. $430K the highest so far. We figured price it low and let the market determine the amount.


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First-light Grand Master

First-light

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Been flipping houses and such in the past. Just by the amount of real estate signs going up and being stagnate I would take best offer and move on. I isn't like May or June when the sign went up  and in contract was there a day later. 

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BizCT Grand Master

BizCT

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18 hours ago, First-light said:

Been flipping houses and such in the past. Just by the amount of real estate signs going up and being stagnate I would take best offer and move on. I isn't like May or June when the sign went up  and in contract was there a day later. 

Ended up with 98 showings in 4 days, 31 offers over asking. Best and final deadline in noon today. Then we'll look through them and take the best offer (ideally, cash, no inspection, etc.)

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First-light Grand Master

First-light

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6 hours ago, BizCT said:

Ended up with 98 showings in 4 days, 31 offers over asking. Best and final deadline in noon today. Then we'll look through them and take the best offer (ideally, cash, no inspection, etc.)

That is great, good luck!

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