Score
0South Salem, NY
39 Knapp Rd
1.3M
2 beds
3 baths
1,955 sqft
2 bd • 3 ba • 1,955 sf
This analysis was generated on 2/11/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,310,500
Price/Sq.Ft
$670
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Waterfront Location: The property's direct access to the lake is a significant asset, providing recreational opportunities and scenic views. Waterfront properties generally command a premium in the real estate market. Waterfront properties in Westchester County can sell for 20-30% more than similar inland properties.
• Two Bedrooms and Three Bathrooms: The house has a favorable bedroom-to-bathroom ratio, which is appealing to many buyers. Multiple bathrooms add convenience and value. A 2-bedroom, 3-bathroom layout is more luxurious than a typical 2-bed, 2-bath setup.
• Proximity to New York City: South Salem is within commuting distance of New York City, offering a balance of rural living and urban access. This location appeals to those who work in the city but prefer a quieter lifestyle. The commute to Grand Central Terminal from nearby train stations is approximately 60-90 minutes.
• High Median Income Area: South Salem's high median income ($160,278) suggests a desirable and affluent community. This can be an indicator of well-maintained properties and strong property values. South Salem's median income is significantly higher than the national average.
The Bad
• High Price per Square Foot: At $670.33/sqft, this property is priced higher than the average for South Salem. This may reflect the waterfront location, but buyers should compare it to similar properties to ensure fair market value. The median price per square foot in Westchester County is around $400.
• Unknown Year Built: The unknown year built makes it difficult to assess the property's condition and potential maintenance needs. Older homes may require more frequent and costly repairs.
• No Property Description: The lack of a property description makes it challenging to understand the unique features and layout of the home. This limits the ability to assess its suitability for different buyer needs.
• No Room Details: The absence of room details hinders the ability to evaluate the functionality and space of the house. Buyers cannot determine if the layout meets their specific requirements.
The Ugly
• Limited Property Information: The lack of detailed property information, including features, room details, and utilities, makes it difficult to fully assess the property's value and condition. This lack of transparency can deter potential buyers. A thorough inspection is crucial to uncover any hidden issues.
• Unknown Year Built: The absence of a known build year raises concerns about potential structural or system-related issues. Older homes may require significant renovations or repairs. Homes built before 1978 may have lead-based paint, requiring additional precautions.
• Reliance on Well and Septic Systems: The dependence on private well water and septic systems can lead to potential maintenance and repair costs. These systems require regular monitoring and upkeep. Well water testing costs around $150-$300 per test.
• No Utility Information: The absence of utility information makes it challenging to estimate monthly expenses. Utility costs can vary significantly depending on usage and the efficiency of the systems. The average monthly utility bill in Westchester County is around $300-$500.
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Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking Waterfront Property: The direct lake access and private dock offer recreational opportunities like boating, fishing, and swimming. The property may appeal to those looking for a serene waterfront lifestyle.
• Buyers Comfortable with a Semi-Rural Setting: South Salem provides a balance of tranquility and accessibility to urban amenities. The property is suited for individuals valuing privacy and natural surroundings.
• Buyers Valuing Aesthetic Design: The house features a modern architectural style with large windows, open layouts, and a spacious deck. It is suited for buyers who appreciate well-designed living spaces.
• Buyers Seeking Rental Income Potential: The property could serve as a potential rental unit, particularly during peak seasons, offering opportunities for generating additional revenue. The proximity to natural surroundings may attract vacationers.
Not For
• Buyers Requiring Extensive Amenities: South Salem has limited commercial development, which may not suit individuals who prefer immediate access to shopping, dining, and entertainment options.
• Buyers Prioritizing Low Property Taxes: Lewisboro, including South Salem, is known for relatively high property taxes, which may deter those seeking lower tax burdens.
• Buyers Needing Municipal Water and Sewer: Many homes in South Salem rely on private well water and septic systems, which may not suit buyers accustomed to municipal services.
• Buyers Seeking a Short Commute to NYC: The commute to New York City from South Salem can be lengthy, which may not be ideal for those who need frequent or daily access to the city.
Demographics
Area Median Income
$160,278
Property History
Price History
Ownership Timeline
$1,149,000Cash Purchase
May 14, 2021Barbara T PosnerRanjit Bhattacharjee, Yordanka Ivanova
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
• High Property Taxes: Lewisboro is known for its high property taxes, which can significantly impact the overall cost of ownership. It's crucial to factor this into your budget. The average property tax in Westchester County is around 1.34% of the assessed value.
• Well and Septic System Maintenance: Homes with private well water and septic systems require regular maintenance and testing. Potential repair costs should be considered. Septic tank pumping typically costs $300-$600 every 3-5 years.
• Commuting Challenges: South Salem's distance from New York City can result in a lengthy commute, especially during peak hours. Train access from nearby stations may alleviate this, but reliability should be verified. Metro-North's on-time performance varies but averages around 90%.
• Limited Commercial Development: The rural character of South Salem means limited local shopping and dining options. Travel to nearby towns may be necessary for certain amenities. Ridgefield, CT, and Cross River, NY, are common destinations for shopping and dining.
• Wetlands and Environmental Regulations: The presence of wetlands can restrict building and renovation plans. Due diligence is crucial to understand any applicable regulations. Wetland delineation studies can cost between $1,000 and $3,000.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$1,311 monthly
$83 monthly
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow®$2,510
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