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Levittown 11756 Levittown
1 Salem
Photo of 1 Salem
Sold on Aug 31, 2026

21

Map

Photo of 1 Salem
Photo of 1 Salem
$750,000
● House - Off Market

1 Salem

Oyster Bay, NY 11756
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,494 Ft²
$4,493
Est. Monthly

About This Property

Oversized 66 x 125 lot with permits already approved for a stunning 3,400 sq ft Colonial. Buyer has the option to complete the approved construction project or reimagine the existing home. All variances and building plans are already in place, allowing the next owner to start building right away-without the delays of planning and approvals.

This is a rare opportunity for builders, investors, or end users to create a dream home from the ground up, selecting every finish to match their personal style while building significant equity. The approved custom plans can also be tweaked with minimal delays.

The property currently features a Cape-style home with 4 bedrooms, wood floors, an updated kitchen, and a full basement-offering the flexibility to renovate, expand, or build new. Whether you're looking for a major project or simply want to enhance an existing home on a prime oversized lot, the possibilities here are exceptional.
Unit Size
1,494 Ft²
Days on Market
210 days
Land Size
0.19 acres
Price per sqft
$495
Property Type
House
Property Taxes
$859
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (OneKey MLS #KEY956565)

Price History

Date / Event Date Event Price
Aug 31, 2026 Sold
Premium
Sold
Jun 25, 2026 In contract -
In contract
May 20, 2026 Price Decreased $739,990
↓ $60K (7.5%)
Price Decreased
Apr 8, 2026 Price Decreased $799,990
↓ $30K (3.6%)
Price Decreased
Feb 2, 2026 Listed by Weichert Realtors Performance $829,990
Listed by Weichert Realtors Performance
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 408
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,100
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,819
  • Building Area: 1,819
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,819
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 005

Neighborhood

  • School District Name: Levittown Union Free School District
  • School Tax School District: 005
  • Census Tract: 409200

Geography

  • District: 282089
  • Section: 51
  • Parcel: 51-111-00-0007
  • Block: 111
  • Lot: 7
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7227
  • Longitude: -73.5237

    Address

  • Full Address: 1 Salem Ln
  • Address - House Number: 1
  • Address - Street Name: Salem
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Levittown
  • Carrier Code: C024
  • 4-Digit Zip Code: 2712
  • Zip Code: 11756

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,434,350
  • Tax Rate Code Area: 112

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 672,823
  • High Value: 790,936
  • Low Value: 554,709

    Market Valuation

  • Market Total Value: $470,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $470
  • Assessed Land Value: $253
  • Assessed Improvements Value: $217

    Sales

  • Current Sale Contract Date: Jul 15, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-061068
  • Previous Sale Recording Date: Mar 31, 1995
  • Previous Sale Contract Date: Mar 13, 1995
  • Previous Sale Amount: $129,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Levittown

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$463

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2326 ft²

Average Home Age

56.5 years

Currently For Sale

97 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 750 Highview Avenue, Westbury, NY, 11590

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,019 ft²
750 Highview Avenue, Westbury, NY, 11590 Listing by Fatma M. Abdalla CBR
Unit for rent at 22 Shelter Lane, Levittown, NY, 11756

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
22 Shelter Lane, Levittown, NY, 11756 Listing by Damian Ross SFR CBR
Unit for rent at 102 Division, Levittown, NY, 11756

$2,500 /mo

  • 1 Bed
  • 1 Bath
102 Division #1C, Levittown, NY, 11756 Listing by Barbara Gunn

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1 Salem Lane built and last sold?
The property at 1 Salem Lane was built in 1948 and last sold on Jul 15, 2019 for $555,000.
How much is this home worth?
The estimated value of the home located at 1 Salem Lane is $743,907.
What are some comparable homes to 1 Salem Lane?
There are currently no comparable homes to 1 Salem Lane.
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