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Oak Beach-Captree 11702 Oak Beach - Captree
1 The Fairway
$475,000
● House - Off Market

1 The Fairway

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$2,962
Est. Monthly
8.26%
Cap Rate

About This Property

Rare and Unique Opportunity to Build Your Waterfront Beach Home in the very Desirable  Gated Oak Island Beach Association.    Endless Potential and Possibilities. Being Sold as Seen As Is. Cash Only! Taxes Stated are Inclusive of Annual Land Lease & Association Fee. Property Lines as per Photos Not Guaranteed or Verified.No Representation. Subject to Town of Babylon Land Lease Transfer Application.Call Today, Won't Last., Additional information: Appearance:see pics
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$333
Property Type
House
Property Taxes
$997
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 4 months ago (OneKey MLS #KEYL3550832)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
May 10, 2024 Listed by Howard Hanna Coach $400,000
Listed by Howard Hanna Coach

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,010
  • Building Area: 1,010
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1012
  • County Land Use Code: 260
  • Legal Description 1: OAK BEACH LOT 2 TOWN OWNED LEASED LAND

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Zoning

  • Zoning: B

Geography

  • Account Number: 20233003880
  • District: 0100-2
  • Section: 243.00
  • Parcel: 0100-243.00-01.00-118.000
  • Block: 1
  • Lot: 118.000
  • Municipality: BABYLON
  • Latitude: 40.6399
  • Longitude: -73.2846

    Address

  • Full Address: 1 The Fairway
  • Address - House Number: 1
  • Address - Street Name: The Fairway
  • State: NY
  • City Name: Babylon
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $684,568
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 446,927
  • High Value: 550,375
  • Low Value: 343,478

    Market Valuation

  • Market Total Value: $2,985
  • Market Land Value: $530
  • Market Improvement Value: $2,455

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,970
  • Assessed Land Value: $350
  • Assessed Improvements Value: $1,620
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 Oak Beach - Captree

Stats & Trends

Median Asking:

$892,995

Sale Price/ft²

$619

Below Asking

0.02%

Average Days on Market

97

Average Home Size

2416 ft²

Average Home Age

67 years

Currently For Sale

4 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1 The Fairway built and last sold?
The property at 1 The Fairway was built in 1927 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 The Fairway is $0.
What are some comparable homes to 1 The Fairway?
There are currently no comparable homes to 1 The Fairway.
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