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Wading River 11792
11 Locust Road
$468,000
● House - Off Market

11 Locust Road

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
2 Baths
$457,031
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Great home in private beach community. 3 bedrooms 2 baths, 2 driveways, very close to private beach, near east end attractions, vineyards, outlets, farmstands, private beach, public beach, boat ramps, golfing, boating and terrific summer activities. Large EiK, open layout and ready to move in !, Additional information: Appearance:Great,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
121 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$654
HOA Dues
-
Year Built
1943

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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 #KEYL3477160)

Price History

Date / Event Date Event Price
Sep 8, 2023 Sold
Premium
Sold
Jul 12, 2023 In contract -
In contract
May 10, 2023 Listed by Coldwell Banker American Homes $459,900
Listed by Coldwell Banker American Homes
Feb 4, 2004 Sold
Premium
Sold
Sep 8, 1995 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,480
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1210 LTS 325,326,327&328 WILDWOOD HILLS

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 30
  • District: 0600-0
  • Section: 27.00
  • Parcel: 0600-027.00-03.00-070.000
  • Block: 3
  • Lot: 70.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9653
  • Longitude: -72.8139

    Address

  • Full Address: 11 Locust Rd
  • Address - House Number: 11
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Wading River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1319
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $392,263
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 449,308
  • High Value: 514,129
  • Low Value: 384,488

    Market Valuation

  • Market Total Value: $407,966
  • Market Land Value: $67,815
  • Market Improvement Value: $340,151

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,900
  • Assessed Land Value: $6,300
  • Assessed Improvements Value: $31,600

    Sales

  • Current Sale Contract Date: Sep 03, 2003
  • Current Sale Recording Date: Feb 04, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Sep 08, 1995
  • Previous Sale Contract Date: Sep 01, 1995
  • Previous Sale Amount: $72,000
  • Previous Sale Document Type: 33
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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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 11 Locust Road built and last sold?
The property at 11 Locust Road was built in 1943 and last sold on Sep 3, 2003 for $282,000.
How much is this home worth?
The estimated value of the home located at 11 Locust Road is $464,499.
What are some comparable homes to 11 Locust Road?
There are currently no comparable homes to 11 Locust Road.
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