183 Laurel Rdg · Scotts Corners, NY 10590

$439,000

1 bd · 1.0 ba · 1,312 sqft · SingleFamily · 22 Days on market

Built 1983 449 sqft lot Est $834k · 47% under $530/mo HOA · 11% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• ARV discount +15.0/15.0
• Schools +7.5/10.0
• DSCR +6.9/10.0
• 1% rule +6.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare 1 Bedroom With Loft, With Private Wooded Views In Back!!!! Includes Family Room & Spacious Loft With Finished Storage Room! Completely Upgraded Bathroom With Elegant Tile And Vanity. Common Garage Was Sold Seperately For $9,000 On September 2, 1999 Garage Available Seperately Ask Listing Agent For Details.

Key facts

• $530 HOA
• Parking
• Community pool

Property features AI

Finance

• HOA & community: Plaza Management association; Monthly HOA fee of $530; Association covers common area and exterior maintenance, grounds care, snow removal, and trash; Quarterly water fee; Community amenities: pool, tennis courts, basketball court

Exterior

• Parking: One assigned common parking space
• Utilities: Public sewer; Electric service by NYSEG; Private trash collection
• Home design: Townhouse condominium; Two levels; Entry level: 2
• Construction: Frame construction with wood siding
• Exterior features: Balcony; Near public transit; Near shops; Near schools; Wooded setting; Community outdoor pool

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator; ENERGY STAR qualified appliances
• Bedrooms: Two-level layout with additional rooms including a library/den and a loft
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating; Central air conditioning; Wood-burning fireplace in family room
• Interior features: Cathedral ceilings; Ceiling fans; Smart thermostat; Storage; Blinds; Window screens; Deck (patio/porch); Pets allowed
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $439k.

Deal economics

• At list price, monthly cash flow is $676 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $439k).
• Recommended offer: $432k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 2.6% in Scotts Corners — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#810 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B+; Watch: amenities F, commute F, cost of living F.
• Katonah-Lewisboro Union Free School District (suburban): math 75% / reading 82% proficiency, ranked #32 of 590 in NY (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 3% free/reduced lunch — higher-income household profile.
• Zoned schools: Meadow Pond Elementary School (math 77% / reading 87%, grade A+, #138 of 2,108 statewide, top 8%, 342 students, 8% FRL); John Jay Middle School (math 58% / reading 79%, grade A, #94 of 729 statewide, top 13%, 662 students, 7% FRL); John Jay High School (math 98% / reading 82%, grade A+, #238 of 1,100 statewide, top 23%, 917 students, 9% FRL) — zoned schools at 8% FRL track the district average.
• Market conditions: 54 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($432k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 30y ago; this cycle's ask is 33% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $315k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $432,415 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.60%
• DSCR: 1.29
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $834,432
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
28 West Rd	0.59mi	2/1.0 (+1)	1,176 (-10%)	13mo	$550,000	$468	40
97 Hack Green Rd	0.75mi	2/1.5 (+1)	1,260 (-4%)	19mo	$801,000	$636	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-27,881
• Equity at exit: $65,456

10-year hold

• IRR: 3.6%
• Equity multiple: 1.26×
• Total profit: $31,899
• Equity at exit: $37,957

Cash invested: $122,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10590

• Home prices YoY: -30.8%
• Active inventory: 54
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $4,900 medium
• Mortgage (P&I): −$2,302
• Tax from tax record: −$179 /mo · $2,154/yr
• Insurance: −$183
• HOA: −$530
• Vacancy / Maint / Mgmt: −$1,029
• Net cashflow: $676

Break-even live

Break-even rent $4,044

Max offer price $439,000

Occupancy floor 81%

Sensitivity live

Price	-10% $925	-5% $801	+0% $676	+5% $552	+10% $428
Rent	-10% $289	-5% $483	+0% $676	+5% $870	+10% $1,064
Rate	-1.0pp $898	-0.5pp $788	base $676	+0.5pp $563	+1.0pp $447

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $109,750
• Closing costs: $13,170
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
280 Boulder Ridge Rd Unit 2F South Salem, NY	2.0	2.5	1568	$4,900	$3.12	3d	1	0.28mi

HOA detail

• Monthly dues: $530 · $6,360/yr

Listing history 31 events

1. 2026-06-18
   days on market $439,000 Active 22 DOM
2. 2026-06-17
   price $439,000 Active 21 DOM
3. 2026-06-17
   days on market $459,000 Active 21 DOM
4. 2026-06-16
   days on market $459,000 Active 20 DOM
5. 2026-06-15
   days on market $459,000 Active 19 DOM
6. 2026-06-13
   days on market $459,000 Active 17 DOM
7. 2026-06-13
   days on market $459,000 Active 16 DOM
8. 2026-06-10
   days on market $459,000 Active 14 DOM
9. 2026-06-09
   days on market $459,000 Active 13 DOM
10. 2026-06-08
    days on market $459,000 Active 12 DOM
11. 2026-06-07
    days on market $459,000 Active 11 DOM
12. 2026-06-05
    days on market $459,000 Active 8 DOM
13. 2026-06-03
    days on market $459,000 Active 7 DOM
14. 2026-06-03
    days on market $459,000 Active 6 DOM
15. 2026-06-01
    days on market $459,000 Active 5 DOM
16. 2026-05-31
    days on market $459,000 Active 4 DOM
17. 2026-05-23
    historical $459,000
18. 2021-08-14
    historical
19. 2021-05-14
    listed $329,000 Active
20. 2021-05-03
    price $329,000
21. 2021-05-03
    historical
22. 2005-09-27
    soldstatus $315,000
23. 2001-10-09
    soldstatus $199,000
24. 1999-10-12
    soldstatus $158,500
25. 1999-09-02
    soldstatus $149,900 318-char remark

    Show marketing remark (318 chars)

    Rare 1 Bedroom With Loft, With Private Wooded Views In Back!!!! Includes Family Room & Spacious Loft With Finished Storage Room! Completely Upgraded Bathroom With Elegant Tile And Vanity. Common Garage Was Sold Seperately For $9,000 On September 2, 1999 Garage Available Seperately Ask Listing Agent For Details.

26. 1999-06-28
    listed $149,900 318-char remark

    Show marketing remark (318 chars)

    Rare 1 Bedroom With Loft, With Private Wooded Views In Back!!!! Includes Family Room & Spacious Loft With Finished Storage Room! Completely Upgraded Bathroom With Elegant Tile And Vanity. Common Garage Was Sold Seperately For $9,000 On September 2, 1999 Garage Available Seperately Ask Listing Agent For Details.

27. 1996-11-26
    price $149,500
28. 1996-11-26
    soldstatus $142,000
29. 1996-11-25
    soldstatus $155,000
30. 1996-07-15
    listed $142,000
31. 1988-01-16
    soldstatus $100,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,154 · $179/mo
• Projected year-2 tax: $4,786 · $399/mo
• Expected delta: +$2,633/yr (+$219/mo · 122.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,800
• − Mortgage interest: −$24,591
• − Property taxes: −$2,154
• − Insurance: −$2,195
• − Repairs & maintenance: −$4,704
• − Management: −$4,704
• − HOA: −$6,360
• − Depreciation: −$12,771
• Taxable income: $1,322
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $7,800/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Katonah-Lewisboro Union Free School District
• NCES district ID: 3616080
• Math proficiency: 75% ▼ -8.00%
• Reading proficiency: 82% ▲ 2.00%
• Median HH income: $140,994
• Composite: 75.09/100
• National rank: #142
• State rank: #32 of 590 in NY

Livability — Scotts Corners

• Score: 63/100
• State rank: #810
• US rank: #15702

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing B+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,314

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 6% Asian 4% Black 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Italian 4% Romanian 3% Scotch-Irish 2%
• Foreign-born: 13% · Canada, South Korea, Jamaica
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 2% Korean 1%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.87%
• Current HPI: 150.088
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+359.0% since first listed

15 events — show timeline

• 2026-05-23 Coming Soon $459,000 OneKey® MLS as Distributed by MLS Grid
• 2021-08-14 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-05-14 Listed $329,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-03 Price Changed $329,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-03 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2005-09-27 Sold (Public Records) $315,000 Public Records
• 2001-10-09 Sold (Public Records) $199,000 Public Records
• 1999-10-12 Sold (Public Records) $158,500 Public Records
• 1999-09-02 Sold (MLS) $149,900 HGMLS
• 1999-06-28 Listed $149,900 HGMLS
• 1996-11-26 Sold (MLS) $142,000 HGMLS
• 1996-11-26 Price Changed $149,500 HGMLS
• 1996-11-25 Sold (Public Records) $155,000 Public Records
• 1996-07-15 Listed $142,000 HGMLS
• 1988-01-16 Sold (Public Records) $100,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $2,154 · +3.3% YoY. Source: county tax records.