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Great Neck Estates 11021 Great Neck Estates
16 Laurel Drive
$3,305,000
● House - Off Market

16 Laurel Drive

North Hempstead, NY 11021
bedrooms
7 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
7,615 Ft²
$5,776,036
RealtyHop Estimate
48.56%
Since Jun 1, 2018
NY-New York
Primary Model

About This Property

Welcome To Le Chateau, Luxurious Manor Located In Great Neck Estates. Classically Designed With Finest Architectural Details Throughout. Conveniently Located To Town And Train. Walk To Waterfront Great Neck Estates Village Club. Enjoy Your Life With Luxury And Comfort. Great Neck South Or North Optional., Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
Unit Size
7,615 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$511
Property Type
House
Property Taxes
$6,894
HOA Dues
-
Year Built
2011

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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 #KEYL2925551)

Price History

Date / Event Date Event Price
Jun 6, 2018 Sold
Premium
Sold
Mar 31, 2017 Listed by Daniel Gale Real Estate $3,888,000
Listed by Daniel Gale Real Estate
Welcome To Le Chateau, Luxurious Manor Located In Great Neck Estates. Classically Designed With Finest Architectural Details Throughout. Conveniently Located To Town And Train. Walk To Waterfront Great Neck Estates Village Club. Enjoy Your Life With Luxury And Comfort. Great Neck South Or North Optional.
Feb 22, 2013 Sold
Premium
Sold
Jun 1, 2012 Listed by Douglas Elliman Real Estate $3,880,000
Listed by Douglas Elliman Real Estate
Welcome To Le Bijou, Opulence And European Grandeur Located In Great Neck Estates. Magnificent Brand New Construction With The Finest Classic Architectural Details Throughout. Dramatic 2 Story Entry Foyer,Formal Living Rm W/Fplc,Formal Dining Rm,Study,Gourmet Eat In Kitchen,Family Room W/French Doors And Fplc,6 En Suite Bedrooms., Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Jun 30, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 3
  • Building Quality: 3
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 285
  • Garage Type: 7
  • Garage Square Area: 482
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,270
  • Lot Size Depth Feet: 1,710
  • Lot Size Frontage Feet: 2,310
  • Total Building Area: 6,529
  • Building Area: 6,529
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 6,529
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000649
  • 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
  • School Tax District Code 2: GE
  • Census Tract: 300500

Geography

  • District: 282211
  • Section: 2
  • Parcel: 02-296-00-0015
  • Block: 296
  • Lot: 15
  • Municipality: GREAT NECK ESTATES
  • Latitude: 40.7818
  • Longitude: -73.7399

    Address

  • Full Address: 16 Laurel Dr
  • Address - House Number: 16
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C050
  • 4-Digit Zip Code: 2922
  • Zip Code: 11021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,649,066
  • Tax Rate Code Area: 701

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 3,731,217
  • High Value: 4,358,704
  • Low Value: 3,103,730

    Market Valuation

  • Market Total Value: $3,240,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,240
  • Assessed Land Value: $969
  • Assessed Improvements Value: $2,271

    Sales

  • Current Sale Contract Date: May 21, 2018
  • Current Sale Recording Date: Jun 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-049223
  • Previous Sale Recording Date: Jun 30, 2011
  • Previous Sale Contract Date: Jun 20, 2011
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: 27

    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 Great Neck

Stats & Trends

Median Asking:

$1,298,000

Sale Price/ft²

$654

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2887 ft²

Average Home Age

65.6 years

Currently For Sale

140 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 1 Ipswich Avenue, Great Neck, NY, 11021

$6,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,571 ft²
1 Ipswich Avenue #315, Great Neck, NY, 11021 Listing by Kathleen Yekotiel
Unit for rent at 261 Schenck Avenue, Great Neck, NY, 11021

$3,900 /mo

  • 2 Beds
  • 1 Bath
  • 975 ft²
261 Schenck Avenue #1STFLOOR, Great Neck, NY, 11021 Listing by Esther Moshenayov

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 16 Laurel Drive built and last sold?
The property at 16 Laurel Drive was built in 2011 and last sold on May 21, 2018 for $3,305,000.
How much is this home worth?
The estimated value of the home located at 16 Laurel Drive is $3,926,880.
What are some comparable homes to 16 Laurel Drive?
There are currently no comparable homes to 16 Laurel Drive.
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