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Mastic Beach 11951 Mastic Beach
116 Locust Drive
$289,000
● House - Off Market

116 Locust Drive

Brookhaven, NY 11951
bedrooms
3 Beds
bathrooms
1 Bath
$1,890
Est. Monthly
14.20%
Cap Rate

About This Property

ranch needs lots of work cash buyer lovely property private street so much potential, Additional information: Appearance:fair
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
-

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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: 6 months ago (OneKey MLS #KEYL3541487)

Price History

Date / Event Date Event Price
Dec 12, 2024 Sold
Premium
Sold
Apr 1, 2024 Listed by Madison Homes Realty Inc $289,000
Listed by Madison Homes Realty Inc
Oct 13, 2023 Sold
Premium
Sold
Mar 14, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD MAP MASTIC BEACH
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: William Floyd Union Free School District
  • School Tax School District: WILLIAM FLOYD
  • Census Tract: 159516

Geography

  • Account Number: 00004321540
  • District: 0200-9
  • Section: 980.00
  • Parcel: 0200-980.60-11.00-013.000
  • Block: 6011
  • Lot: 13.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.761
  • Longitude: -72.8453

    Address

  • Full Address: 116 Locust Dr
  • Address - House Number: 116
  • Address - Street Name: Locust
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Mastic Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 3812
  • Zip Code: 11951

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472232

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 538,532
  • High Value: 656,643
  • Low Value: 420,421

    Market Valuation

  • Market Total Value: $2,204
  • Market Land Value: $519
  • Market Improvement Value: $1,685

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,190
  • Assessed Land Value: $280
  • Assessed Improvements Value: $910

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Oct 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Previous Sale Recording Date: Mar 14, 2000
  • Previous Sale Contract Date: Feb 29, 2000
  • Previous Sale Amount: $72,500
  • 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 Mastic Beach

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

88

Average Home Size

1269 ft²

Average Home Age

62.7 years

Currently For Sale

75 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 11 Thornwood Drive, Shirley, NY, 11967

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
11 Thornwood Drive, Shirley, NY, 11967 Listing by Suzanne Venus
Unit for rent at 24 Peters Drive, Shirley, NY, 11967

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,136 ft²
24 Peters Drive, Shirley, NY, 11967 Listing by Lucas Podstupka
Unit for rent at 192 Cypress Drive, Mastic Beach, NY, 11951

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,404 ft²
192 Cypress Drive, Mastic Beach, NY, 11951 Listing by Amy Schuler

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 116 Locust Drive built and last sold?
The property at 116 Locust Drive was built in and last sold on Aug 22, 2023 for $335,000.
How much is this home worth?
The estimated value of the home located at 116 Locust Drive is $0.
What are some comparable homes to 116 Locust Drive?
There are currently no comparable homes to 116 Locust Drive.
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