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Smithtown 11787 Smithtown
11 Martha Lane
$325,000
● House - Off Market

11 Martha Lane

Smithtown, NY 11787
bedrooms
5 Beds
bathrooms
2 Baths
$690,956
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Wonderful Updtd 5 Or 6Br Home;Pot/Mdtr If Tn Permits;Oak Flrs;Gorgeous Main Marble Bth;Updtd 2nd Bth;13 Hi-Has;Big Deck+Patio;Cesspoll/2011;200Amps;Lvl .23Ac;Sd#1;Fr;Conv/2Gar., Additional information: Appearance:Mint-,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,089
HOA Dues
-
Year Built
1973

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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 #KEYL2585733)

Price History

Date / Event Date Event Price
Oct 7, 2013 Sold
Premium
Sold
May 23, 2013 Listed by Douglas Elliman Real Estate $354,875
Listed by Douglas Elliman Real Estate
Jun 11, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,058
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,250
  • Gross Building Area: 2,250
  • Building Area: 2,250
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,250
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1101
  • County Land Use Code: 220
  • Legal Description 1: 106.-2-23 *5666 LOT 6 WOLFF ESTATES

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 135303

Geography

  • District: 0800-1
  • Section: 106.00
  • Parcel: 0800-106.00-02.00-023.000
  • Block: 2
  • Lot: 23.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8519
  • Longitude: -73.174

    Address

  • Full Address: 11 Martha Ln
  • Address - House Number: 11
  • Address - Street Name: Martha
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C036
  • 4-Digit Zip Code: 3818
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $970,441
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.2272
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 670,542
  • High Value: 822,893
  • Low Value: 518,191

    Market Valuation

  • Market Total Value: $5,297
  • Market Land Value: $345
  • Market Improvement Value: $4,952

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,608
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,308

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 26, 2013
  • Current Sale Recording Date: Oct 07, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Jun 11, 2002
  • Previous Sale Contract Date: May 29, 2002
  • Previous Sale Amount: $356,500
  • 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$411

Below Asking

0.01%

Average Days on Market

83

Average Home Size

2465 ft²

Average Home Age

60.2 years

Currently For Sale

47 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 11 Martha Lane built and last sold?
The property at 11 Martha Lane was built in 1973 and last sold on Sep 26, 2013 for $325,000.
How much is this home worth?
The estimated value of the home located at 11 Martha Lane is $0.
What are some comparable homes to 11 Martha Lane?
There are currently no comparable homes to 11 Martha Lane.
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