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Wading River 11792
122 Fairway Drive
$518,000
● House - Off Market

122 Fairway Drive

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,918 Ft²
$708,578
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Traditional Colonial in the Desirable Great Rock Development.  Features Include: Formal LR w/Wood Burning Fireplace, Eat in Kitchen w/Granite Counters, White Cabinets & Tile Backsplash, 3 BRs, 2 1/2 Updated Baths, 20' Family Room w/Cathedral Ceiling, Wood & Ceramic Floors, Covered Front Porch w/PVC Rails, Alarm System w/Low Temperature Indicator, Smoke Detectors, Remote Access, Ring Cameras & Water Detection. Solar Panels that are Owned for Energy Savings. Freshly Painted.  Fabulous Yard w/Shed, Lots of Perennials + Ornamental Trees & Shrubs. Paved Patio For Entertaining &  BBQs. Property Backs to a Scenic Orchard. Turn Key, Immaculate, Well Maintained Home!, Additional information: Appearance:Diamond,Green Features:Insulated Doors
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$276
Property Type
House
Property Taxes
$902
HOA Dues
-
Year Built
1999

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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 #KEYL3240433)

Price History

Date / Event Date Event Price
Oct 21, 2020 Sold
Premium
Sold
Aug 7, 2020 Listed by Landmark Realty of L I Inc $529,900
Listed by Landmark Realty of L I Inc
Jul 20, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,234
  • Total Building Area: 1,918
  • Building Area: 1,918
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,918
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000740
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SOUND BREEZE SEC 5 10116 LOT 101

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: RB80

Geography

  • Account Number: 40
  • District: 0600-0
  • Section: 58.00
  • Parcel: 0600-058.00-04.00-002.000
  • Block: 4
  • Lot: 2.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9522
  • Longitude: -72.8196

    Address

  • Full Address: 122 Fairway Dr
  • Address - House Number: 122
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wading River
  • Carrier Code: R001
  • 4-Digit Zip Code: 3606
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,148,001
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 680,380
  • High Value: 856,185
  • Low Value: 504,574

    Market Valuation

  • Market Total Value: $607,535
  • Market Land Value: $137,783
  • Market Improvement Value: $469,752

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,440
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $43,640

    Sales

  • Current Sale Contract Date: May 28, 1999
  • Current Sale Recording Date: Jul 20, 1999
  • Current Sale Price:
    Premium
  • Current 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2381 ft²

Average Home Age

52.1 years

Currently For Sale

35 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 122 Fairway Drive built and last sold?
The property at 122 Fairway Drive was built in 1999 and last sold on May 28, 1999 for $196,650.
How much is this home worth?
The estimated value of the home located at 122 Fairway Drive is $546,537.
What are some comparable homes to 122 Fairway Drive?
There are currently no comparable homes to 122 Fairway Drive.
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