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West Hempstead 11552 West Hempstead
157 Academy Place
Photo of 157 Academy Place
Sold on Feb 6, 2023

27

Map

Photo of 157 Academy Place
Photo of 157 Academy Place
$675,000
● House - Off Market

157 Academy Place

Hempstead, NY 11552
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,123 Ft²
$730,361
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Beautiful Expanded Ranch with 5 Bedrooms Located on a Quiet Dead-End Street in Cathedral Gardens. 2nd Floor Dormer and Front Porch Added in 1999. Gas Heating Conversion and New Heating System in 2018, Lower Roof Section Replaced in 2019. Huge Master Bedroom with Walk-In Closet. Huge, Full, unfinished Basement with High Ceilings. Large Yard offers Side and Rear Decking surrounded by mature landscape and privacy hedges. Taxes with Basic Star Exemption are approximately $13,093., Additional information: Appearance:Excellent,Separate Hotwater Heater:Y
Unit Size
2,123 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$329
Property Type
House
Property Taxes
$1,197
HOA Dues
-
Year Built
1951

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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: 2 years ago (OneKey MLS #KEYL3437169)

Price History

Date / Event Date Event Price
Dec 23, 2022 In contract -
In contract
Nov 15, 2022 Price Decreased $699,000
↓ $50K (6.7%)
Price Decreased
Oct 14, 2022 Listed by Garrett Realty Group $749,000
Listed by Garrett Realty Group

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 199
  • Garage Type: 7
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,123
  • Building Area: 2,123
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,123
  • 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 027

Neighborhood

  • School District Name: West Hempstead Union Free School District
  • School Tax School District: 027
  • Census Tract: 406100

Geography

  • District: 282089
  • Section: 33
  • Parcel: 33-589-00-0033
  • Block: 589
  • Lot: 33
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7076
  • Longitude: -73.6448

    Address

  • Full Address: 157 Academy Pl
  • Address - House Number: 157
  • Address - Street Name: Academy
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: West Hempstead
  • Carrier Code: C041
  • 4-Digit Zip Code: 1601
  • Zip Code: 11552

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,338,209
  • Tax Rate Code Area: 322

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 783,489
  • High Value: 922,484
  • Low Value: 644,493

    Market Valuation

  • Market Total Value: $619,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $619
  • Assessed Land Value: $294
  • Assessed Improvements Value: $325

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2023
  • Current Sale Recording Date: Feb 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-9402

    Financing

  • First Mortgage Financing Type: ADJ
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 Hempstead

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$489

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1898 ft²

Average Home Age

76.5 years

Currently For Sale

42 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 100 Hilton Avenue, Garden City, NY, 11530

$7,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,397 ft²
100 Hilton Avenue #806, Garden City, NY, 11530 Listing by Marianne Imperial
Unit for rent at 21 Nassau Place, Hempstead, NY, 11550

$7,000 /mo

  • 6 Beds
  • 3 Baths
  • 2,800 ft²
21 Nassau Place, Hempstead, NY, 11550 Listing by John C. Prato CBR
Unit for rent at 111 Hempstead Turnpike, West Hempstead, NY, 11552

$6,309 /mo

  • 2 Beds
  • 2 Baths
  • 1,923 ft²
111 Hempstead Turnpike #TH01, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 157 Academy Place built and last sold?
The property at 157 Academy Place was built in 1951 and last sold on Jan 11, 2023 for $675,000.
How much is this home worth?
The estimated value of the home located at 157 Academy Place is $0.
What are some comparable homes to 157 Academy Place?
There are currently no comparable homes to 157 Academy Place.
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