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Valley Stream 11580 Valley Stream
126 Lutz Drive
Photo of 126 Lutz Drive
Sold on Sep 12, 2025

33

Map

Photo of 126 Lutz Drive
Photo of 126 Lutz Drive
$905,000
● House - Off Market

126 Lutz Drive

Hempstead, NY 11580
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,961 Ft²
$5,340
Est. Monthly
4.77%
Cap Rate

About This Property

Fully renovated corner property in desirable Valley Stream with top-rated schools! This spacious 4-bed, 2.5-bath home features a brand-new modern kitchen with stainless steel appliances including a smart stove and wine cooler. Enjoy a double living room, dining room, den, and a full finished basement. Two bedrooms on the main level, two upstairs-plus loft space! Skylights, new windows and doors provide abundant natural light. Detached garage, large backyard, near Green Acres Mall, transportation, and major highways.
Unit Size
1,961 Ft²
Days on Market
80 days
Land Size
0.12 acres
Price per sqft
$458
Property Type
House
Property Taxes
$925
HOA Dues
-
Year Built
1945

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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: 2 years ago (OneKey MLS #KEY881784)

Price History

Date / Event Date Event Price
Sep 12, 2025 Sold
Premium
Sold
Jul 29, 2025 In contract -
In contract
Jun 24, 2025 Listed by Real Estate Authorities Inc $899,000
Listed by Real Estate Authorities Inc
Sep 19, 1995 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 9
  • Garage Type: 4
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,961
  • Building Area: 1,961
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,961
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 030

Neighborhood

  • School District Name: Valley Stream Central High School District
  • School Tax School District: 030
  • School Tax District Code 2: VS
  • Census Tract: 410300

Geography

  • District: 282035
  • Section: 37
  • Parcel: 37-U01-00-0068
  • Block: U01
  • Lot: 68
  • Municipality: VALLEY STREAM
  • Latitude: 40.6753
  • Longitude: -73.7141

    Address

  • Full Address: 126 Lutz Dr
  • Address - House Number: 126
  • Address - Street Name: Lutz
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Valley Stream
  • Carrier Code: C047
  • 4-Digit Zip Code: 3114
  • Zip Code: 11580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,162,187
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 732,179
  • High Value: 850,332
  • Low Value: 614,026

    Market Valuation

  • Market Total Value: $530,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $530
  • Assessed Land Value: $194
  • Assessed Improvements Value: $336

    Sales

  • Current Sale Contract Date: Aug 30, 1995
  • Current Sale Recording Date: Sep 19, 1995
  • Current Sale Price:
    Premium
  • Current 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 Valley Stream

Stats & Trends

Median Asking:

$755,000

Sale Price/ft²

$517

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1590 ft²

Average Home Age

82 years

Currently For Sale

84 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 134 Scranton Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,470 ft²
134 Scranton Avenue, Lynbrook, NY, 11563 Listing by Maria A. Mejia
Unit for rent at 2243 Renfrew Avenue, Elmont, NY, 11003

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,198 ft²
2243 Renfrew Avenue, Elmont, NY, 11003 Listing by Otto E. Lugo GRI
Unit for rent at 28 Bank Street, Valley Stream, NY, 11580

$5,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,330 ft²
28 Bank Street, Valley Stream, NY, 11580 Listing by Ahsan Raja

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 126 Lutz Drive built and last sold?
The property at 126 Lutz Drive was built in 1945 and last sold on Aug 30, 1995 for $196,000.
How much is this home worth?
The estimated value of the home located at 126 Lutz Drive is $0.
What are some comparable homes to 126 Lutz Drive?
There are currently no comparable homes to 126 Lutz Drive.
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