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Babylon 11702 Babylon
122 Prospect Street
$735,000
● House - Off Market

122 Prospect Street

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$4,303
Est. Monthly
5.27%
Cap Rate

About This Property

Welcome To This Stunning 3-Bedroom, 2.5-Bathroom Home, Ideally Located Just Steps From Downtown Babylon Village. Completely Gutted To The Studs And Redone, This Property Boasts Modern Design With Luxurious Finishes Throughout. Two Of The Spacious Bedrooms Are En Suites, Offering Convenience And Privacy.  Relax In The Cozy Living Room Featuring A Beautiful Fireplace, Perfect For Chilly Evenings. Enjoy The Outdoors Year-Round In The Screened-In Porch, Ideal For Entertaining. The Property Also Includes A Paver Patio, Shed For Storage And Radiant Heat Floors For Energy-Efficient Comfort. This Turn-Key Home Is Ready For You To Move Right In And Enjoy All That Village Living Has To Offer!, Additional information: Appearance:Excellent,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$988
HOA Dues
-
Year Built
1920

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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 #KEYL3587350)

Price History

Date / Event Date Event Price
Jan 9, 2025 Sold
Premium
Sold
Oct 23, 2024 Listed by The Agency Northshore NY $674,999
Listed by The Agency Northshore NY
Nov 26, 2014 Sold
Premium
Sold
Aug 4, 2014 Listed by The Agency Northshore NY $270,000
Listed by The Agency Northshore NY

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,725
  • Building Area: 1,725
  • Building Area Measurement: M

    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
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-PROSPECT ST E-JOWETT S-ROHL W-MAY

Neighborhood

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

Geography

  • Account Number: 20230405700
  • District: 0102-0
  • Section: 14.00
  • Parcel: 0102-014.00-03.00-017.000
  • Block: 3
  • Lot: 17.000
  • Municipality: BABYLON
  • Latitude: 40.6952
  • Longitude: -73.3197

    Address

  • Full Address: 122 Prospect St
  • Address - House Number: 122
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: NY
  • City Name: Babylon
  • Carrier Code: C004
  • 4-Digit Zip Code: 3516
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,024,415
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 750,225
  • High Value: 922,815
  • Low Value: 577,636

    Market Valuation

  • Market Total Value: $181,005
  • Market Land Value: $13,966
  • Market Improvement Value: $167,039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,240
  • Assessed Land Value: $250
  • Assessed Improvements Value: $2,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 27, 2014
  • Current Sale Recording Date: Nov 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Nov 26, 2014
  • Previous Sale Contract Date: Jan 27, 2014
  • Previous Sale Amount: $408,551
  • Previous Sale Document Type: 34
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:

$795,000

Sale Price/ft²

$504

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1900 ft²

Average Home Age

59.2 years

Currently For Sale

17 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 108 Lee Avenue, Babylon, NY, 11702

$3,900 /mo

  • 3 Beds
  • 1 Bath
  • 2,000 ft²
108 Lee Avenue, Babylon, NY, 11702 Listing by Christopher Cardella
Unit for rent at 848 Sunrise Highway, West Babylon, NY, 11704

$4,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,780 ft²
848 Sunrise Highway, West Babylon, NY, 11704 Listing by Christian Velez

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 Prospect Street built and last sold?
The property at 122 Prospect Street was built in 1920 and last sold on Sep 27, 2014 for $226,000.
How much is this home worth?
The estimated value of the home located at 122 Prospect Street is $681,749.
What are some comparable homes to 122 Prospect Street?
There are currently no comparable homes to 122 Prospect Street.
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