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Wading River 11792
11 Megans Way
$542,500
● House - Off Market

11 Megans Way

Riverhead, NY 11792
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,155 Ft²
$840,487
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Beautifully Renovated  Victorian On Cul-De-Sac,Features,Master Suite,+3 Bdrms,Bonus Rm,All New Hw Floors,New Eik,Cath Ef,Fmly Rm W/Fpl & Cstm Mantel,Flr,French Drs,Lovely Open Flr Plan,Cvac,Moldings,30X30 Lazy-L Igp,New Liner,& Patio Pavers, Swr Schools,Near Wineries,Outlets,Splish  Splash ,Atlantic Aquarium & North Fork Living,Peconic Tax Applies, Additional information: Appearance:Diamond++,Separate Hotwater Heater:Y
Unit Size
2,155 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$258
Property Type
House
Property Taxes
$1,367
HOA Dues
-
Year Built
1996

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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 #KEYL3006727)

Price History

Date / Event Date Event Price
Aug 15, 2018 Sold
Premium
Sold
Feb 23, 2018 Listed by Coldwell Banker M&D Good Life $555,500
Listed by Coldwell Banker M&D Good Life
Dec 19, 2017 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 43,124
  • Total Building Area: 2,620
  • Building Area: 2,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,620
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000990
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MEADOWCREST LT 11 FM# 9832 FLD 4/12/96

Neighborhood

  • School District Name: Shoreham-Wading River Central School District
  • School Tax School District: SHOREHAM-WADING
  • Census Tract: 169701

Zoning

  • Zoning: RB80

Geography

  • Account Number: 13
  • District: 0600-1
  • Section: 115.00
  • Parcel: 0600-115.00-01.00-002.011
  • Block: 1
  • Lot: 2.011
  • Municipality: RIVERHEAD
  • Latitude: 40.9225
  • Longitude: -72.8372

    Address

  • Full Address: 11 Megans Way
  • Address - House Number: 11
  • Address - Street Name: Megans
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Wading River
  • Carrier Code: R004
  • 4-Digit Zip Code: 2179
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,751,707
  • Tax Rate Code Area: 473001

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 777,550
  • High Value: 978,464
  • Low Value: 576,636

    Market Valuation

  • Market Total Value: $757,804
  • Market Land Value: $142,088
  • Market Improvement Value: $615,716

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,400
  • Assessed Land Value: $13,200
  • Assessed Improvements Value: $57,200

    Sales

  • Current Sale Contract Date: Jul 18, 2018
  • Current Sale Recording Date: Aug 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Oct 02, 2017
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
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

95

Average Home Size

2295 ft²

Average Home Age

52.9 years

Currently For Sale

30 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

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 Megans Way built and last sold?
The property at 11 Megans Way was built in 1996 and last sold on Jul 18, 2018 for $542,500.
How much is this home worth?
The estimated value of the home located at 11 Megans Way is $570,026.
What are some comparable homes to 11 Megans Way?
There are currently no comparable homes to 11 Megans Way.
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