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Merrick 11566 Merrick
128 Beach Drive
Photo of 128 Beach Drive
Sold on Jul 17, 2023

16

Map

Photo of 128 Beach Drive
Photo of 128 Beach Drive
$500,000
● House - Off Market

128 Beach Drive

Hempstead, NY 11566
bedrooms
3 Beds
bathrooms
1 Bath
square feet
972 Ft²
$477,693
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Why rent when you can own this adorable cape with many updates.  Living Room with wood burning fireplace, Green Room off rear of house, new appliances, hardwood floors, Park like back yard.  Seconds from shops, schools and transportation. Please note there is no basement, only crawl space., Additional information: Appearance:Excellent,Separate Hotwater Heater:yes
Unit Size
972 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$493
Property Type
House
Property Taxes
$895
HOA Dues
-
Year Built
1931

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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 #KEYL3474052)

Price History

Date / Event Date Event Price
Jul 17, 2023 Sold
Premium
Sold
May 10, 2023 In contract -
In contract
Apr 27, 2023 Listed by Douglas Elliman Real Estate $479,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 200
  • Total Building Area: 972
  • Building Area: 972
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 972
  • 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: LOTS 42-43,54 TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-007-00-0042
  • Block: 7
  • Lot: 42
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6501
  • Longitude: -73.5544

    Address

  • Full Address: 128 Beach Dr
  • Address - House Number: 128
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C038
  • 4-Digit Zip Code: 4595
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $747,646
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 91
  • Final Value: 472,003
  • High Value: 516,062
  • Low Value: 427,944

    Market Valuation

  • Market Total Value: $397,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $397
  • Assessed Land Value: $252
  • Assessed Improvements Value: $145

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Merrick

Stats & Trends

Median Asking:

$949,000

Sale Price/ft²

$488

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2139 ft²

Average Home Age

63.2 years

Currently For Sale

38 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 2 Lee Court, Merrick, NY, 11566

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
2 Lee Court, Merrick, NY, 11566 Listing by Megan Morillo Torres

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 128 Beach Drive built and last sold?
The property at 128 Beach Drive was built in 1931 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 128 Beach Drive is $485,437.
What are some comparable homes to 128 Beach Drive?
There are currently no comparable homes to 128 Beach Drive.
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