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East Meadow 11554 East Meadow
1499 Eric Lane
Photo of 1499 Eric Lane

47

Map

Photo of 1499 Eric Lane
Photo of 1499 Eric Lane
$999,000
● House - In Contract

1499 Eric Lane

Hempstead, NY 11554
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,029 Ft²
$5,965
Est. Monthly

About This Property

WELCOME TO THIS BEAUTIFUL AND INVITING 3 BEDROOM, 2.5 BATH SPLIT-LEVEL HOME, IDEALLY LOCATED IN THE COVETED BARNUM WOODS SECTION OF EAST MEADOW. DESIGNED WITH COMFORT AND EFFORTLESS LIVING IN MIND, THIS SPACIOUS HOME FEATURES BEAUTIFUL WOOD FLOORS, A BEAUTIFULLY UPDATED KITCHEN WITH SOARING CEILINGS AND GAS COOKING, GENEROUSLY SIZED BEDROOMS, AND LARGE PRIMARY EN-SUITE WITH A FULL BATHROOM. ABUNDANT CLOSET SPACE PROVIDES EXCELLENT STORAGE, WHILE THE LARGE, FULLY FINISHED BASEMENT OFFERS ADDITIONAL LIVING SPACE FOR RELAXING, WORKING, ENTERTAINING OR EVERYDAY ENJOYMENT. COMPLETE WITH CENTRAL AIR AND THOUGHTFULLY DESIGNED LIVING SPACES THROUGHOUT, THIS WONDERFUL HOME OFFERS THE PERFECT BLEND OF COMFORT, STYLE, AND FUNCTIONALITY IN BARNUM WOODS!
Unit Size
2,029 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$492
Property Type
House
Property Taxes
$1,059
HOA Dues
-
Year Built
1956

Listed By

Tammy Lewis
[email protected]
Signature Premier Properties
Seth Levy
[email protected]
Blue Island Homes NY LLC

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 days ago (OneKey MLS #KEY1050662)

Price History

Date / Event Date Event Price
Oct 27, 2026 In contract -
In contract
Sep 17, 2026 Listed by Signature Premier Properties $999,000
Listed by Signature Premier Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Garage, On Street
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s), Chandelier, Crown Molding, Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Walk-In Closet(s), Chefs Kitchen, Formal Dining, Primary Bathroom, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Gas Water Heater
Flooring Type: Carpet, Wood
Rooms: 7
Basement: Finished, Full
Exterior Details
Square Footage: 2029
Square Footage Source: $0
Property Condition: Actual
Architectural Style: Split Level
Year Built: 1956
Building Area Total: 2029
Levels: Bi-Level
Building Area Units: Square Feet
Construction Materials: Brick, Frame
Patio and Porch Features: Deck
Lot Features: Back Yard, Front Yard, Landscaped, Sprinklers In Front, Sprinklers In Rear, Near School
Lot Size Area: 7000
Lot Size Units: Square Feet
Lot Size Acres: 0.1607
Lot Size Square Feet: 7000
Lot Size Dimensions: 70x100
Water Source: Public
Financial Details
Tax Assessed Value: $602
Tax Annual Amount: $12,708
Utilities Details
Cooling Type: Central Air
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 401
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,029
  • Building Area: 2,029
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,029
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 003

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 407900

Geography

  • District: 282089
  • Section: 50
  • Parcel: 50-548-00-0020
  • Block: 548
  • Lot: 20
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7076
  • Longitude: -73.5731

    Address

  • Full Address: 1499 Eric Ln
  • Address - House Number: 1499
  • Address - Street Name: Eric
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: East Meadow
  • Carrier Code: C007
  • 4-Digit Zip Code: 3604
  • Zip Code: 11554

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,079,194
  • Tax Rate Code Area: 038

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 782,671
  • High Value: 908,972
  • Low Value: 656,370

    Market Valuation

  • Market Total Value: $588,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $588
  • Assessed Land Value: $268
  • Assessed Improvements Value: $320

    Exemptions

  • 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 East Meadow

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$507

Below Asking

0.01%

Average Days on Market

82

Average Home Size

2040 ft²

Average Home Age

58.4 years

Currently For Sale

55 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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$4,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
694 Blackstone Avenue, East Meadow, NY, 11554 Listing by Jaime Aguilar
Unit for rent at 306 Peters Avenue, East Meadow, NY, 11554

$4,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,365 ft²
306 Peters Avenue, East Meadow, NY, 11554 Listing by Juan Carlos Cartagena
Unit for rent at 1967 Decatur Avenue, North Bellmore, NY, 11710

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 2 ft²
1967 Decatur Avenue, North Bellmore, NY, 11710 Listing by Glenda Moran

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1499 Eric Lane built and last sold?
The property at 1499 Eric Lane was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1499 Eric Lane is $1,012,675.
What are some comparable homes to 1499 Eric Lane?
There are currently no comparable homes to 1499 Eric Lane.
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