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Hempstead 11550 Hempstead
122 Parsons Drive
Photo of 122 Parsons Drive
Sold on Nov 12, 2025

20

Map

Photo of 122 Parsons Drive
Photo of 122 Parsons Drive
$665,000
● House - Off Market

122 Parsons Drive

Hempstead, NY 11550
bedrooms
4 Beds
bathrooms
2 Baths
square feet
6,000 Ft²
$4,687
Est. Monthly
6.45%
Cap Rate

About This Property

Check out this fantastic opportunity ! This charming colonial home features four cozy bedrooms and two full bathrooms, along with a convenient two-car garage, all set on a spacious 50x120 lot. Located right in the heart of Hempstead, you'll find that shopping, dining, and transportation are just around the corner. This delightful home is a must-see and could be the perfect place for you to create wonderful memories! Don't miss out!
Unit Size
6,000 Ft²
Days on Market
93 days
Land Size
0.14 acres
Price per sqft
$108
Property Type
House
Property Taxes
$1,500
HOA Dues
-
Year Built
1926

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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 #KEY898699)

Price History

Date / Event Date Event Price
Nov 12, 2025 Sold
Premium
Sold
Oct 2, 2025 In contract -
In contract
Sep 17, 2025 Price Decreased $649,000
↓ $40K (5.8%)
Price Decreased
Aug 26, 2025 Price Decreased $689,000
↓ $30K (4.2%)
Price Decreased
Aug 6, 2025 Listed by City Homes Realty Group LLC $719,000
Listed by City Homes Realty Group LLC
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 208
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,695
  • Building Area: 1,695
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,695
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 001

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 406701

Geography

  • District: 282013
  • Section: 35
  • Parcel: 35-452-00-0034
  • Block: 452
  • Lot: 34
  • Municipality: HEMPSTEAD
  • Latitude: 40.7004
  • Longitude: -73.6325

    Address

  • Full Address: 122 Parsons Dr
  • Address - House Number: 122
  • Address - Street Name: Parsons
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C001
  • 4-Digit Zip Code: 4714
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,139,255
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.2037
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 604,708
  • High Value: 727,929
  • Low Value: 481,488

    Market Valuation

  • Market Total Value: $489,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $489
  • Assessed Land Value: $169
  • Assessed Improvements Value: $320

    Sales

  • Current Sale Contract Date: Oct 23, 2019
  • Current Sale Recording Date: Dec 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-115203
  • Previous Sale Recording Date: Jun 28, 2002
  • Previous Sale Contract Date: May 21, 2002
  • Previous Sale Amount: $212,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Hempstead

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$427

Below Asking

0.01%

Average Days on Market

95

Average Home Size

1482 ft²

Average Home Age

82.4 years

Currently For Sale

63 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 111 Cherry Valley, Garden City, NY, 11530

$5,000 /mo

  • 1 Bed
  • 1 Bath
  • 1,100 ft²
111 Cherry Valley #M16, Garden City, NY, 11530 Listing by Margaret M. O Connell
Unit for rent at 111 Hempstead Turnpike, West Hempstead, NY, 11552

$4,719 /mo

  • 2 Beds
  • 2 Baths
  • 1,035 ft²
111 Hempstead Turnpike #1262, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR
Unit for rent at 365 Stewart Avenue, Garden City, NY, 11530

$4,810 /mo

  • 2 Beds
  • 2 Baths
  • 1,335 ft²
365 Stewart Avenue #C23, Garden City, NY, 11530 Listing by Michelle Holmes

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 122 Parsons Drive built and last sold?
The property at 122 Parsons Drive was built in 1926 and last sold on Oct 23, 2019 for $170,000.
How much is this home worth?
The estimated value of the home located at 122 Parsons Drive is $0.
What are some comparable homes to 122 Parsons Drive?
There are currently no comparable homes to 122 Parsons Drive.
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