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Laurel Hollow 11791 Laurel Hollow
1388 Ridge Road
$1,400,000
● House - Off Market

1388 Ridge Road

Oyster Bay, NY 11791
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$2,197,651
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Beautiful light filled residence with large principal rooms, meticulously maintained. Lovely secluded property just over 2 lush acres with colorful gardens, mature plantings & expansive decking. Master bedroom is separate and private with Dressing Area, plenty of closets, Bath & Laundry. Lower Level is partially finished with Family Rm., Bar, Bath and Utility Room. 6 Car Garage with large unfinished room above. Easy access to Village Beach & Mooring  CSHSD#2, Additional information: Appearance:MINT,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$2,050
HOA Dues
-
Year Built
1911

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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: 6 months ago (OneKey MLS #KEYL3112957)

Price History

Date / Event Date Event Price
Jun 25, 2019 Sold
Premium
Sold
Mar 27, 2019 Listed by Daniel Gale Agency Inc $1,495,000
Listed by Daniel Gale Agency Inc

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 3
  • Building Quality: 6
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 1,295
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 89,298
  • Total Building Area: 3,640
  • Building Area: 3,640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,640
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002050
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 011

Neighborhood

  • School District Name: Cold Spring Harbor Central School District
  • School Tax School District: 011
  • School Tax District Code 2: LH
  • Census Tract: 518201

Geography

  • District: 282413
  • Section: 26
  • Parcel: 26-00C-00-0300
  • Block: C
  • Lot: 300
  • Municipality: LAUREL HOLLOW
  • Latitude: 40.8674
  • Longitude: -73.4781

    Address

  • Full Address: 1388 Ridge Rd
  • Address - House Number: 1388
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Syosset
  • Carrier Code: R001
  • 4-Digit Zip Code: 9632
  • Zip Code: 11791

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,433,991
  • Tax Rate Code Area: 520

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,699,996
  • High Value: 2,002,983
  • Low Value: 1,397,010

    Market Valuation

  • Market Total Value: $1,350,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,350
  • Assessed Land Value: $815
  • Assessed Improvements Value: $535

    Sales

  • Current Sale Contract Date: Jun 14, 2019
  • Current Sale Recording Date: Jun 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-052505

    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 Laurel Hollow

Stats & Trends

Median Asking:

$2,645,000

Sale Price/ft²

$606

Below Asking

0.03%

Average Days on Market

103

Average Home Size

3982 ft²

Average Home Age

56.3 years

Currently For Sale

3 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 428 Harbor Road, Laurel Hollow, NY, 11724

$6,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,800 ft²
428 Harbor Road #C, Laurel Hollow, NY, 11724 Listing by Deborah A. Sande
Unit for rent at 1394 Ridge Road, Laurel Hollow, NY, 11791

$5,600 /mo

  • 4 Beds
  • 2 Baths
  • 1,746 ft²
1394 Ridge Road, Laurel Hollow, NY, 11791 Listing by Kimberly G. Bancroft SRS

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1388 Ridge Road built and last sold?
The property at 1388 Ridge Road was built in 1911 and last sold on Jun 14, 2019 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 1388 Ridge Road is $1,509,950.
What are some comparable homes to 1388 Ridge Road?
There are currently no comparable homes to 1388 Ridge Road.
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