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North Merrick 11566 North Merrick
1067 North Drive
$428,500
● House - Off Market

1067 North Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths
square feet
8,580 Ft²
$699,385
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Beautiful Over Sized Property. Low Taxes. 4 Bedroom Cape. Close To Great Schools. Just Unpack And Move In!, Additional information: Appearance:Excellant,Separate Hotwater Heater:Yes
Unit Size
8,580 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$51
Property Type
House
Property Taxes
$802
HOA Dues
-
Year Built
1949

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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 #KEYL2962706)

Price History

Date / Event Date Event Price
Nov 8, 2017 Sold
Premium
Sold
Sep 2, 2017 Listed $440,000
Listed
Beautiful Over Sized Property. Low Taxes. 4 Bedroom Cape. Close To Great Schools. Just Unpack And Move In! The manager has listed the unit size as 8580 square feet.
Aug 11, 2017 Listed by Century 21 Prevete Hirsch $440,000
Listed by Century 21 Prevete Hirsch

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,580
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,190
  • Building Area: 1,190
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,190
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF MARIOU HOMES SEC LL
  • Land Acres: 0000000197
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 029

Neighborhood

  • School District Name: North Merrick Union Free School District
  • School Tax School District: 029
  • Census Tract: 408400

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-522-00-0014
  • Block: 522
  • Lot: 14
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6932
  • Longitude: -73.572

    Address

  • Full Address: 1067 North Dr
  • Address - House Number: 1067
  • Address - Street Name: North
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C030
  • 4-Digit Zip Code: 1341
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,177,505
  • Tax Rate Code Area: 052

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 75
  • Final Value: 624,965
  • High Value: 739,821
  • Low Value: 510,110

    Market Valuation

  • Market Total Value: $481,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481
  • Assessed Land Value: $236
  • Assessed Improvements Value: $245

    Sales

  • Current Sale Contract Date: Oct 12, 2017
  • Current Sale Recording Date: Nov 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017-110592
  • Previous Sale Recording Date: Nov 08, 2017
  • Previous Sale Contract Date: Sep 27, 2017
  • Previous Sale Amount: $391,600
  • Previous Sale Document Type: 34

    Financing

  • First Mortgage Financing Type: FIX
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 North Merrick

Stats & Trends

Median Asking:

$799,389

Sale Price/ft²

$512

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2143 ft²

Average Home Age

50.8 years

Currently For Sale

19 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 168 Lenox Avenue, Uniondale, NY, 11553

$5,900 /mo

  • 5 Beds
  • 2 Baths
  • 1,837 ft²
168 Lenox Avenue, Uniondale, NY, 11553 Listing by Meiling Wang
Unit for rent at 1539 Park Avenue, Merrick, NY, 11566

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,386 ft²
1539 Park Avenue, Merrick, NY, 11566 Listing by Lisa J. DeTurris
Unit for rent at 1741 Warren Place, Merrick, NY, 11566

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,075 ft²
1741 Warren Place, Merrick, NY, 11566 Listing by Shari M. DeLouya CBR

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 1067 North Drive built and last sold?
The property at 1067 North Drive was built in 1949 and last sold on Oct 12, 2017 for $428,500.
How much is this home worth?
The estimated value of the home located at 1067 North Drive is $637,548.
What are some comparable homes to 1067 North Drive?
There are currently no comparable homes to 1067 North Drive.
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