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West Islip 11795 West Islip
131 Malts Avenue
$650,000
● House - Off Market

131 Malts Avenue

West Islip, NY 11795
bedrooms
5 Beds
bathrooms
2 Baths
$681,120
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This lovingly cared for & updated Exp. Ranch has an open concept feel to it. LR is open to FDR, EIK w/ Gas stove/Granite/SS appliances. Guest area has BR/Den, BR w/ Laundry Closet & Sep Entry, FBTH. Upper Level: King size MBR w/2 closets, BR, BR, Full Bath. CAC 2 zones, Gas heat w/ sep h/w heater, 200 amp elect, Architectural roof, Vinyl siding, 1 C Garage. IG sprinklers. 75x200 fenced yard designed for entertaining family & friends. Perfectly set up for summer fun w/patio/deck, lush landscaped gardens & trees. AG Pool & shed are gifts.
Unit Size
-
Days on Market
74 days
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$950
HOA Dues
-
Year Built
1956

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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: 3 years ago (OneKey MLS #ONE3328618)

Price History

Date / Event Date Event Price
Nov 3, 2021 Sold
Premium
Sold
Sep 21, 2021 Sold
Premium
Sold
Jul 13, 2021 In contract -
In contract
Jul 9, 2021 Listed by Netter Real Estate Inc $600,000
Listed by Netter Real Estate Inc
Nov 26, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • 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: 1
  • Garage Square Area: 294
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,144
  • Building Area: 1,850
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2196549Y180414 T036H00000000

Neighborhood

  • School District Name: West Islip Union Free School District
  • School Tax School District: WEST ISLIP
  • Census Tract: 146800

Zoning

  • Zoning: A

Geography

  • District: 0500-4
  • Section: 50.41
  • Parcel: 0500-415.00-02.00-040.000
  • Block: 5000
  • Lot: 200.040
  • Municipality: ISLIP
  • Latitude: 40.7187
  • Longitude: -73.2908

    Address

  • Full Address: 131 Malts Ave
  • Address - House Number: 131
  • Address - Street Name: Malts
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: West Islip
  • Carrier Code: C030
  • 4-Digit Zip Code: 2509
  • Zip Code: 11795

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,203,375
  • Tax Rate Code Area: 472809

    Appraisal Valuation

  • Standard Deviation: 0.2262
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 695,542
  • High Value: 852,876
  • Low Value: 538,209

    Market Valuation

  • Market Total Value: $554,945
  • Market Land Value: $126,374
  • Market Improvement Value: $428,571

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,400
  • Assessed Land Value: $9,200
  • Assessed Improvements Value: $31,200

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 26, 2001
  • Previous Sale Contract Date: Aug 10, 2001
  • Previous Sale Amount: $252,280
  • 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 West Islip

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

82

Average Home Size

2205 ft²

Average Home Age

63.3 years

Currently For Sale

41 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

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OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 131 Malts Avenue built and last sold?
The property at 131 Malts Avenue was built in 1956 and last sold on Sep 21, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 131 Malts Avenue is $606,000.
What are some comparable homes to 131 Malts Avenue?
There are currently no comparable homes to 131 Malts Avenue.
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