Can You Find a Cheap Property in Putnam?

  |  August 11, 2014
71 highland dr garrison ny

71 Highland Drive, Garrison: $275,000

Short answer: Not really. Long answer…not really. Not like what you would find further north, but relative to the area? Sure. Everything’s relative, like these two properties we found during our search. One is in Garrison, and one is in Carmel. In terms of listing prices, Carmel and Garrison are very different. According to Trulia.com, the average listing price for a property in Carmel is around $390,000. On the other hand, the average listing price is over $1 million in Garrison. Both areas have excellently-rated schools. And both areas have crazy high property taxes. Garrison is decidedly tonier and Carmel is a little more working-class, if you prefer to look at it like that. Here’s what Garrison offered us for a relatively inexpensive (emphasis on relatively) property with potential:

71 highland dr garrison ny2

The Dirt: Located near Cortlandt Lake in a private community  with a clubhouse and other amenities, 71 Highland Drive sits on nearly a full acre of land. It’s in Garrison by address only. The property is actually about 10 minutes south of Garrison and closer to Peekskill. Inside looks downright turn-key and listings claims it needs “TLC”. We can see the potential in this large home. Beds: 5. Baths: 2. Square Feet: 2,690. Lot Size: .86 acres. Taxes: $10,925. (GMAP)

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And here’s what we find in cheaper Carmel:

171 richardson rd carmel ny

171 Richardsville Road, Carmel: $150,000

The Dirt: This 18th century saltbox in Carmel needs a hint more than TLC, we’re guessing. There are no interior shots of 171 Richardsville Road, so not much we can say there. But this modest saltbox could be one fabulous retreat on a good-sized piece of property set in the hills of Kent. This is a cash sale. Beds: 2. Baths: 1.5. Square Feet: 1,496. Lot Size: 2.5 acres. Taxes: $6,500. (GMAP)

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Which one seems like the better deal to you?

 

About Kandy Harris

Kandy is a writer and musician/music teacher living in Saugerties, NY.

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