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Ridge 11961 Ridge
10 Marginwood Drive
$300,000
● House - Off Market

10 Marginwood Drive

Brookhaven, NY 11961
bedrooms
5 Beds
bathrooms
2 Baths
$573,288
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Wow!  5 Br, 2 Ba Farm Ranch On A Lovely Landscaped Acre Backing Vacant Land.  Plenty Of Room To Grow And Play.  Set On A Cul-De-Sac With Two Ponds, Sheds And A Planting Field This Home Is A Nature Lovers Delight.  Current Taxes With Star Are $9504.02.   Taxes Are Being Grieved.  Per Mark Lewis True Taxes Should Be Reduced This Year By Approx. $1300., Additional information: Appearance:Mint +,Interior Features:Lr/Dr
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
House
Property Taxes
$991
HOA Dues
-
Year Built
1977

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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: 5 months ago (OneKey MLS #KEYL2654230)

Price History

Date / Event Date Event Price
Jun 27, 2023 Sold
Premium
Sold
May 4, 2023 Sold
Premium
Sold
Feb 21, 2023 In contract -
In contract
Jan 31, 2023 Listed by Coldwell Banker American Homes $589,900
Listed by Coldwell Banker American Homes
Aug 7, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 2,137
  • Building Area: 2,137
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 2,137
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE ESTATES
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: RIDGE ESTATES 6630 16

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158710

Geography

  • Assessors Map Reference: MAP 2006630
  • Account Number: 00002032256
  • District: 0200-2
  • Section: 297.00
  • Parcel: 0200-297.00-01.00-009.017
  • Block: 1
  • Lot: 9.017
  • Municipality: BROOKHAVEN
  • Latitude: 40.9006
  • Longitude: -72.8508

    Address

  • Full Address: 10 Marginwood Dr
  • Address - House Number: 10
  • Address - Street Name: Marginwood
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Ridge
  • Carrier Code: R008
  • 4-Digit Zip Code: 2902
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 577,637
  • High Value: 660,971
  • Low Value: 494,302

    Market Valuation

  • Market Total Value: $5,926
  • Market Land Value: $648
  • Market Improvement Value: $5,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,200
  • Assessed Land Value: $350
  • Assessed Improvements Value: $2,850

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 07, 2014
  • Previous Sale Contract Date: Jul 24, 2014
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 12
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 Ridge

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$367

Below Asking

0.01%

Average Days on Market

86

Average Home Size

1519 ft²

Average Home Age

46.7 years

Currently For Sale

52 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

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 10 Marginwood Drive built and last sold?
The property at 10 Marginwood Drive was built in 1977 and last sold on May 4, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 10 Marginwood Drive is $595,061.
What are some comparable homes to 10 Marginwood Drive?
There are currently no comparable homes to 10 Marginwood Drive.
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