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Flanders 11901
15 Reeves Bay Trail
$240,000
● House - Off Market

15 Reeves Bay Trail

Riverhead, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
$266,709
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

2 Bedrooms, Kitchen, 1 bathroom.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1988

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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: 6 months ago (OneKey MLS #KEYL3363573)

Price History

Date / Event Date Event Price
Jan 31, 2023 Sold
Premium
Sold
Dec 1, 2022 Sold
Premium
Sold
Oct 3, 2022 In contract -
In contract
Sep 8, 2022 Listed by Signature Premier Properties $399,000
Listed by Signature Premier Properties
Mar 29, 2022 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 11
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 514
  • Building Area: 514
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 514
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER BROOK COLONY
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK B LOT 25

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190405

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: MAP 1265
  • District: 0900-1
  • Section: 143.00
  • Parcel: 0900-143.00-03.00-026.000
  • Block: 3
  • Lot: 26.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.911
  • Longitude: -72.6293

    Address

  • Full Address: 15 Reeves Bay Trl
  • Address - House Number: 15
  • Address - Street Name: Reeves Bay
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C006
  • 4-Digit Zip Code: 3815
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $222,200
  • Initial Tax Delinquent Year: 2015
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 254,633
  • High Value: 291,369
  • Low Value: 217,898

    Market Valuation

  • Market Total Value: $171,079
  • Market Land Value: $102,446
  • Market Improvement Value: $68,633

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,900
  • Assessed Land Value: $71,200
  • Assessed Improvements Value: $47,700

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Jan 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 18, 2022
  • Previous Sale Contract Date: Mar 28, 2022
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 27
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 Flanders

Stats & Trends

Median Asking:

$584,500

Sale Price/ft²

$448

Below Asking

0.02%

Average Days on Market

90

Average Home Size

1328 ft²

Average Home Age

44 years

Currently For Sale

13 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 331 E Main Street, Riverhead, NY, 11901

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
331 E Main Street, Riverhead, NY, 11901 Listing by Judi McAvoy

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 15 Reeves Bay Trail built and last sold?
The property at 15 Reeves Bay Trail was built in 1988 and last sold on Nov 28, 2022 for $395,000.
How much is this home worth?
The estimated value of the home located at 15 Reeves Bay Trail is $402,990.
What are some comparable homes to 15 Reeves Bay Trail?
There are currently no comparable homes to 15 Reeves Bay Trail.
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