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University Gardens 11020 University Gardens
15 Cornell Drive
$1,070,000
● House - Off Market

15 Cornell Drive

North Hempstead, NY 11020
bedrooms
4 Beds
bathrooms
2 Baths
$1,223,167
RealtyHop Estimate
11.30%
Since Mar 1, 2022
NY-New York
Primary Model

About This Property

Charming cape style home available in prime location in Great Neck. On the first floor, this 4-bedroom and 2-bath property features a cozy living room with a working fireplace, a large bedroom, full bath and a spacious EIK that extends out to formal dining room and to the private yard. This beautifully landscaped yard contains a built-out gazebo with an exterior fireplace that is suitable for all year enjoyment and entertaining. Second floor features a primary bedroom with a large walk-in-closet, two secondary bedrooms and a full bathroom. Large full basement is partially finished. Close proximity to shopping and Long Island Expressway/Northern State Parkway. Lakeville Elementary and Great Neck South Middle and High Schools.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,096
HOA Dues
-
Year Built
1940

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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: 5 months ago (OneKey MLS #KEYL3357760)

Price History

Date / Event Date Event Price
Feb 8, 2022 Sold
Premium
Sold
Dec 3, 2021 In contract -
In contract
Nov 5, 2021 Listed by Modern Spaces Love Your Place $1,099,000
Listed by Modern Spaces Love Your Place
Feb 7, 2017 Sold
Premium
Sold
Dec 28, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 16
  • Garage Type: 7
  • Garage Square Area: 198
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,600
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,591
  • Gross Building Area: 1,591
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF DEEPDALE MANOR
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • Census Tract: 300800

Geography

  • District: 282289
  • Section: 2
  • Parcel: 02-271-00-0208
  • Block: 271
  • Lot: 208
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.768
  • Longitude: -73.7206

    Address

  • Full Address: 15 Cornell Dr
  • Address - House Number: 15
  • Address - Street Name: Cornell
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C028
  • 4-Digit Zip Code: 1101
  • Zip Code: 11020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,547,150
  • Tax Rate Code Area: 826

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 1,036,958
  • High Value: 1,204,294
  • Low Value: 869,623

    Market Valuation

  • Market Total Value: $853,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $853
  • Assessed Land Value: $444
  • Assessed Improvements Value: $409

    Sales

  • Current Sale Contract Date: Feb 08, 2022
  • Current Sale Recording Date: Mar 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-027748
  • Previous Sale Recording Date: Feb 07, 2017
  • Previous Sale Contract Date: Dec 27, 2016
  • Previous Sale Amount: $835,000
  • Previous Sale Document Type: 33
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 Great Neck

Stats & Trends

Median Asking:

$1,295,000

Sale Price/ft²

$652

Below Asking

0.01%

Average Days on Market

100

Average Home Size

3325 ft²

Average Home Age

64.8 years

Currently For Sale

138 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 12 Bond Street, Great Neck, NY, 11021

$6,999 /mo

  • 2 Beds
  • 2 Baths
12 Bond Street #5B, Great Neck, NY, 11021 Listing by Jouliet Mairzadeh Sakhai
Unit for rent at 22 Olive Street, Great Neck, NY, 11020

$10,000 /mo

  • 4 Beds
  • 3 Baths
  • 3,390 ft²
22 Olive Street, Great Neck, NY, 11020 Listing by Edna Mashaal
Unit for rent at 92 Hillside Avenue, Manhasset, NY, 11030

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,542 ft²
92 Hillside Avenue, Manhasset, NY, 11030 Listing by Susan S. Higgins

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 15 Cornell Drive built and last sold?
The property at 15 Cornell Drive was built in 1940 and last sold on Feb 8, 2022 for $1,070,000.
How much is this home worth?
The estimated value of the home located at 15 Cornell Drive is $1,109,990.
What are some comparable homes to 15 Cornell Drive?
There are currently no comparable homes to 15 Cornell Drive.
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