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East Meadow 11554 East Meadow
115 Rita Drive
Photo of 115 Rita Drive
Sold on Nov 26, 2025

31

Map

Photo of 115 Rita Drive
Photo of 115 Rita Drive
$1,100,000
● House - Off Market

115 Rita Drive

Hempstead, NY 11554
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$6,302
Est. Monthly
5.55%
Cap Rate

About This Property

CUSTOM BUILT 5 BEDROOM 3 FULL BATH COLONIAL JUST WAITING TO BE YOURS. THIS COMPLETELY REBUILT HOME OFFERS YOU AN OPEN AND AIRY LAYOUT. LARGE EAT IN KITCHEN WITH WHITE SHAKER STYLE CABINETS, QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES. BEAUTIFUL NEW HARDWOOD FLOORS THROUGHOUT. 3 CUSTOM BATHROOMS, ALL ANDERSON WINDOWS THROUGHOUT FULL BASEMENT, SOLAR PANELS. ENTERTAINERS BACKYARD WITH INGROUND 16 x 40' GUNITE POOL, PVC FENCING, NEW INGROUND SPRINKLERS, PROFESSIONALLY LANDSCAPED AND MUCH MORE. DON'T MISS OUT ON THIS ONE!
Unit Size
2,400 Ft²
Days on Market
117 days
Land Size
0.14 acres
Price per sqft
$437
Property Type
House
Property Taxes
$1,147
HOA Dues
-
Year Built
1951

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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: 11 months ago (OneKey MLS #KEY891631)

Price History

Date / Event Date Event Price
Nov 26, 2025 Sold
Premium
Sold
Sep 20, 2025 In contract -
In contract
Sep 5, 2025 Price Decreased $1,049,777
↓ $50K (4.6%)
Price Decreased
Aug 20, 2025 Price Decreased $1,099,777
↓ $50K (4.4%)
Price Decreased
Aug 8, 2025 Price Decreased $1,149,777
↓ $50K (4.2%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 21
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,508
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,019
  • Building Area: 2,019
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,019
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF CLEARMEADOW MANOR SECTION 3
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 003

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 407801

Geography

  • District: 282089
  • Section: 45
  • Parcel: 45-479-00-0017
  • Block: 479
  • Lot: 17
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7283
  • Longitude: -73.5485

    Address

  • Full Address: 115 Rita Dr
  • Address - House Number: 115
  • Address - Street Name: Rita
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: East Meadow
  • Carrier Code: C002
  • 4-Digit Zip Code: 1326
  • Zip Code: 11554

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,163,376
  • Tax Rate Code Area: 038

    Appraisal Valuation

  • Standard Deviation: 0.1636
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 745,185
  • High Value: 867,116
  • Low Value: 623,254

    Market Valuation

  • Market Total Value: $562,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $562
  • Assessed Land Value: $226
  • Assessed Improvements Value: $336

    Exemptions

  • Homeowner Exemption: Yes
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 East Meadow

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$505

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1995 ft²

Average Home Age

59.4 years

Currently For Sale

54 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 2694 Forest Avenue, East Meadow, NY, 11554

$7,000 /mo

  • 5 Beds
  • 4 Baths
  • 3,323 ft²
2694 Forest Avenue, East Meadow, NY, 11554 Listing by Anita Raj SRS

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 11 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 115 Rita Drive built and last sold?
The property at 115 Rita Drive was built in 1951 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 115 Rita Drive is $0.
What are some comparable homes to 115 Rita Drive?
There are currently no comparable homes to 115 Rita Drive.
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