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Flanders 11901
116 Riverside Avenue
$385,000
● House - Off Market

116 Riverside Avenue

Southampton, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$422,045
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

This one of a kind Cape in Riverhead is  located at 116 Riverside Ave. This cape has been beautifully redone. It has 2 bedrooms, 1 bathroom and approximately 1,200 sqft of floor space. This property has a lot size of 7,841 sqft and was built in 1997. It is located in the heart of riverhead which makes it super convinent for shopping or as a launching point to either the North Fork, South Fork, and the LIE. Two minute drive to amazing restaurants and downtown area. Easy access to the river walk downtown, and the famous long Island Aquarium., Additional information: Appearance:new
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$313
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1997

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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 #KEYL3236266)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Oct 6, 2021 Sold
Premium
Sold
Jul 20, 2021 In contract -
In contract
Jun 17, 2021 Price Decreased $375,000
↓ $10K (2.6%)
Price Decreased
May 21, 2021 Price Decreased $385,000
↓ $10K (2.5%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 660
  • Building Area: 660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 660
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERSIDE COLONY
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK LOT 81

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190405

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: MAP 1382
  • District: 0900-1
  • Section: 143.00
  • Parcel: 0900-143.00-01.00-051.000
  • Block: 1
  • Lot: 51.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9121
  • Longitude: -72.6321

    Address

  • Full Address: 116 Riverside Ave
  • Address - House Number: 116
  • Address - Street Name: Riverside
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C006
  • 4-Digit Zip Code: 3819
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $289,754
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 481,896
  • High Value: 604,558
  • Low Value: 359,234

    Market Valuation

  • Market Total Value: $244,749
  • Market Land Value: $100,576
  • Market Improvement Value: $144,173

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,100
  • Assessed Land Value: $69,900
  • Assessed Improvements Value: $100,200

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 08, 2019
  • Previous Sale Amount: $231,000
  • 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 Flanders

Stats & Trends

Median Asking:

$564,500

Sale Price/ft²

$459

Below Asking

0.02%

Average Days on Market

90

Average Home Size

1442 ft²

Average Home Age

47.7 years

Currently For Sale

10 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 331 E Main Street, Riverhead, NY, 11901

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
331 E Main Street, Riverhead, NY, 11901 Listing by Judi McAvoy
Unit for rent at 525 Riverleigh Avenue, Riverhead, NY, 11901

$2,100 /mo

  • 1 Bed
  • 1 Bath
  • 1,200 ft²
525 Riverleigh Avenue #C8, Riverhead, NY, 11901 Listing by Todd Romano CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 116 Riverside Avenue built and last sold?
The property at 116 Riverside Avenue was built in 1997 and last sold on Oct 8, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 116 Riverside Avenue is $396,194.
What are some comparable homes to 116 Riverside Avenue?
There are currently no comparable homes to 116 Riverside Avenue.
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