274 Maplewood Dr · Scotts Corners, NY 10590

$399,000

1 bd · 1.0 ba · 970 sqft · SingleFamily · 13 Days on market

Built 1994 589 sqft lot $458/mo HOA · 13% of rent

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Why this score? — see what drove the D- 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 +9.8/30.0
• ARV discount +7.5/15.0
• Schools +7.5/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully renovated 1-bedroom condo in the serene and peaceful neighborhood of Oakridge Condos. This charming and stylish residence offers a perfect blend of modern comfort and convenience. Inside, you're greeted by a thoughtfully designed living space that maximizes functionality and exudes a contemporary aesthetic. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a bright, open and inviting atmosphere. The kitchen has been tastefully updated with sleek Quartz countertops, modern high-end appliances, and ample storage. Retreat to the cozy bedroom, featuring abundant natural light and a well-sized closet. Additional features include in-unit laundry and dedicated parking. Located in South Salem, this condo has much to offer including easy access to parks, trails, and amenities. Don't miss the opportunity to make this fully renovated 1-bedroom condo your own. Additional Information: Amenities:Storage,

Key facts

• Quartz countertops
• Barn sliding doors
• Private porch

Tags

• OPEN-CONCEPT LAYOUT
• HIGH END APPLIANCES
• QUARTZ COUNTERTOPS
• COZY FIREPLACE
• BARN SLIDING DOORS
• PRIVATE PORCH

Property features AI

Finance

• HOA & community: Monthly HOA fee of $458; HOA covers common area maintenance, grounds care, pool service, sewer, and snow removal

Exterior

• Parking: Assigned parking (1 space); No carport
• Utilities: Electricity connected (NYSEG); Water connected; Public sewer; Trash collection (public)
• Home design: Townhouse; Condominium; Measured living area
• Construction: Crawl space basement; Crawl attic
• Exterior features: Shake siding; Not waterfront

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Oven; Refrigerator; Stainless steel appliances
• Bedrooms: Entry level: 1
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot air heating; Central air conditioning
• Interior features: First-floor full bath; Beamed ceilings; Open floor plan; Open kitchen
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $399k.

Deal economics

• At list price, monthly cash flow is $-255 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $354k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $362k (9.2% below list).
• Recommended offer: $354k (11.3% below list) — sets the bar for cash-flow.
• Cap rate 5.5% 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; 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 $12k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 7y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $353,899 (11.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.91% ✗
• Cap rate: 5.53%
• Cash-on-cash: -2.74%
• DSCR: 0.88
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -20.8%
• Equity multiple: 0.28×
• Total profit: $-80,639
• Equity at exit: $59,492

10-year hold

• IRR: -13.9%
• Equity multiple: 0.19×
• Total profit: $-90,035
• Equity at exit: $34,498

Cash invested: $111,720 (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: 9.2×

Monthly cashflow live

• Estimated rent: $3,624 medium
• Mortgage (P&I): −$2,092
• Tax from tax record: −$401 /mo · $4,815/yr
• Insurance: −$166
• HOA: −$458
• Vacancy / Maint / Mgmt: −$761
• Net cashflow: $-255

Break-even live

Break-even rent $3,947

Max offer price $353,899

Occupancy floor —

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: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $458 · $5,496/yr

Listing history 12 events

1. 2026-05-14
   price $399,000
2. 2026-05-14
   listed $385,000 Active
3. 2023-09-13
   soldstatus $365,000
4. 2023-08-31
   soldstatus $365,000 Closed 948-char remark

   Show marketing remark (948 chars)

   Fully renovated 1-bedroom condo in the serene and peaceful neighborhood of Oakridge Condos. This charming and stylish residence offers a perfect blend of modern comfort and convenience. Inside, you're greeted by a thoughtfully designed living space that maximizes functionality and exudes a contemporary aesthetic. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a bright, open and inviting atmosphere. The kitchen has been tastefully updated with sleek Quartz countertops, modern high-end appliances, and ample storage. Retreat to the cozy bedroom, featuring abundant natural light and a well-sized closet. Additional features include in-unit laundry and dedicated parking. Located in South Salem, this condo has much to offer including easy access to parks, trails, and amenities. Don't miss the opportunity to make this fully renovated 1-bedroom condo your own. Additional Information: Amenities:Storage,

5. 2023-07-18
   status Pending 948-char remark

   Show marketing remark (948 chars)

   Fully renovated 1-bedroom condo in the serene and peaceful neighborhood of Oakridge Condos. This charming and stylish residence offers a perfect blend of modern comfort and convenience. Inside, you're greeted by a thoughtfully designed living space that maximizes functionality and exudes a contemporary aesthetic. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a bright, open and inviting atmosphere. The kitchen has been tastefully updated with sleek Quartz countertops, modern high-end appliances, and ample storage. Retreat to the cozy bedroom, featuring abundant natural light and a well-sized closet. Additional features include in-unit laundry and dedicated parking. Located in South Salem, this condo has much to offer including easy access to parks, trails, and amenities. Don't miss the opportunity to make this fully renovated 1-bedroom condo your own. Additional Information: Amenities:Storage,

6. 2023-06-06
   listed $375,000 Active 948-char remark

   Show marketing remark (948 chars)

   Fully renovated 1-bedroom condo in the serene and peaceful neighborhood of Oakridge Condos. This charming and stylish residence offers a perfect blend of modern comfort and convenience. Inside, you're greeted by a thoughtfully designed living space that maximizes functionality and exudes a contemporary aesthetic. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a bright, open and inviting atmosphere. The kitchen has been tastefully updated with sleek Quartz countertops, modern high-end appliances, and ample storage. Retreat to the cozy bedroom, featuring abundant natural light and a well-sized closet. Additional features include in-unit laundry and dedicated parking. Located in South Salem, this condo has much to offer including easy access to parks, trails, and amenities. Don't miss the opportunity to make this fully renovated 1-bedroom condo your own. Additional Information: Amenities:Storage,

7. 2023-05-31
   listed $375,000 Active
8. 2023-05-24
   historical
9. 2020-05-06
   historical
10. 2019-10-31
    price $267,900
11. 2019-08-28
    listed $275,000 Active
12. 2009-01-05
    soldstatus $249,000

ⓘ 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: $4,815 · $401/mo
• Projected year-2 tax: $5,779 · $482/mo
• Expected delta: +$964/yr (+$80/mo · 20.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $43,482
• − Mortgage interest: −$22,350
• − Property taxes: −$4,815
• − Insurance: −$1,995
• − Repairs & maintenance: −$3,479
• − Management: −$3,479
• − HOA: −$5,496
• − Depreciation: −$11,607
• Taxable loss: −$9,738
• Est. tax savings @ 24.0%: +$2,337
• After-tax cash flow: $-726/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

+60.2% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $399,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-14 Listed $385,000 OneKey® MLS as Distributed by MLS Grid
• 2023-09-13 Sold (Public Records) $365,000 Public Records
• 2023-08-31 Sold (MLS) $365,000 OneKey® MLS as Distributed by MLS Grid
• 2023-07-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-06-06 Listed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2023-05-31 Listed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2023-05-24 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2020-05-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2019-10-31 Price Changed $267,900 OneKey® MLS as Distributed by MLS Grid
• 2019-08-28 Listed $275,000 OneKey® MLS as Distributed by MLS Grid
• 2009-01-05 Sold (Public Records) $249,000 Public Records

Property tax history

+27.8%/yr

Latest (2025): $4,815 · +16.3% YoY. Source: county tax records.