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Babylon 11702 Babylon
122 Midway Street
$885,000
● House - Off Market

122 Midway Street

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,263 Ft²
$947,799
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Beautifully Updated Waterfront Ranch Home w/2,265 Sf Featuring Open Floor Plan. Living Rm, Completely Updated Eat-in-Kitchen w/Large Island & SS Appliances, Family Room w/Gas Fireplace, Formal Dining Rm, Living Rn, Master Bedroom w/Master Bath, 2 More Bedrooms, Bathroom w/Double Vanity, Laundry Rm w/Access to 2 Car Garage, Gas Heating System, Cac, Large Deck Off Rear of House with Outdoor Shower, In Ground Sprinklers on 83 x 96 Property. X Flood Zone. Taxes w/STAR & Village Taxes Would be $19,422., Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
2,263 Ft²
Days on Market
109 days
Land Size
0.18 acres
Price per sqft
$376
Property Type
House
Property Taxes
$1,721
HOA Dues
-
Year Built
1981

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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 #KEYL3332651)

Price History

Date / Event Date Event Price
Jan 24, 2022 Sold
Premium
Sold
Nov 10, 2021 Sold
Premium
Sold
Jul 28, 2021 In contract -
In contract
Jul 24, 2021 Listed by Winkler Real Estate Inc $849,990
Listed by Winkler Real Estate Inc
Apr 18, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 7,968
  • Lot Size Depth Feet: 960
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,265
  • Building Area: 2,265
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,265
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAYBERRY LANDING
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: F.M. 6384 LOT 7 FM 2488I -2491INC

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230413510
  • District: 0102-0
  • Section: 21.00
  • Parcel: 0102-021.00-02.00-038.007
  • Block: 2
  • Lot: 38.007
  • Municipality: BABYLON
  • Latitude: 40.6819
  • Longitude: -73.3222

    Address

  • Full Address: 122 Midway St
  • Address - House Number: 122
  • Address - Street Name: Midway
  • Address - Suffix Type: St
  • State: NY
  • City Name: Babylon
  • Carrier Code: C021
  • 4-Digit Zip Code: 4325
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,059,171
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2399
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 1,012,405
  • High Value: 1,255,374
  • Low Value: 769,435

    Market Valuation

  • Market Total Value: $334,637
  • Market Land Value: $57,542
  • Market Improvement Value: $277,095

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,990
  • Assessed Land Value: $1,030
  • Assessed Improvements Value: $4,960

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 09, 2014
  • Previous Sale Contract Date: Apr 18, 2014
  • Previous 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 Babylon

Stats & Trends

Median Asking:

$797,000

Sale Price/ft²

$505

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1959 ft²

Average Home Age

66.9 years

Currently For Sale

19 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 180 Deer Park Avenue, Babylon, NY, 11702

$3,400 /mo

  • Studio
  • 1 Bath
  • 640 ft²
180 Deer Park Avenue #301, Babylon, NY, 11702 Listing by Loraine Burke CBR
Unit for rent at 11 Park Avenue, Babylon, NY, 11702

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
11 Park Avenue #1A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 54 Ralph Avenue, Babylon, NY, 11702

$2,495 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
54 Ralph Avenue, Babylon, NY, 11702 Listing by Aideen Duignan

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 Midway Street built and last sold?
The property at 122 Midway Street was built in 1981 and last sold on Nov 10, 2021 for $885,000.
How much is this home worth?
The estimated value of the home located at 122 Midway Street is $858,490.
What are some comparable homes to 122 Midway Street?
There are currently no comparable homes to 122 Midway Street.
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