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Lake Ronkonkoma 11767 Lake Ronkonkoma
16 Mills Path
$350,000
● House - Off Market

16 Mills Path

Islip, NY 11779
bedrooms
3 Beds
bathrooms
1 Bath
$1,890
Est. Monthly
13.34%
Cap Rate

About This Property

First time on the market in over 30 years!!  Your future ranch sits right on the bank of Lily Pond County Park allowing nature to walk right onto the property!  This home boasts 3 bedrooms, 1 full bathroom and a large Living Room perfect for relaxing.  Situated at the end of the block for ultimate privacy with a driveway that can accommodate 4 cars this home is loaded with potential!  Don't miss this amazing opportunity with Low Taxes!!
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
-

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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: 4 months ago (OneKey MLS #KEYL3571175)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Aug 8, 2024 Listed by Signature Premier Properties $300,000
Listed by Signature Premier Properties

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 170.-3-29 DEME MILLS PATH KRACHER GREIS & OR

Neighborhood

  • School District Name: Sachem Central School District
  • School Tax School District: SACHEM
  • Census Tract: 135403

Geography

  • District: 0800-1
  • Section: 170.00
  • Parcel: 0800-170.00-03.00-029.000
  • Block: 3
  • Lot: 29.000
  • Municipality: SMITHTOWN
  • Latitude: 40.836
  • Longitude: -73.1233

    Address

  • Full Address: 16 Mills Path
  • Address - House Number: 16
  • Address - Street Name: Mills
  • Address - Suffix Type: Path
  • State: NY
  • City Name: Ronkonkoma
  • Carrier Code: C032
  • 4-Digit Zip Code: 2628
  • Zip Code: 11779

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $94,162
  • Tax Rate Code Area: 472205

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 530,372
  • High Value: 644,291
  • Low Value: 416,453

    Market Valuation

  • Market Total Value: $1,936
  • Market Land Value: $172
  • Market Improvement Value: $1,764

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,685
  • Assessed Land Value: $150
  • Assessed Improvements Value: $1,535

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • 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 Lake Ronkonkoma

Stats & Trends

Median Asking:

$649,950

Sale Price/ft²

$392

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1822 ft²

Average Home Age

44 years

Currently For Sale

31 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 4924 Express Dr South, Ronkonkoma, NY, 11779

$3,950 /mo

  • 4 Beds
  • 2 Baths
  • 1,900 ft²
4924 Express Dr South, Ronkonkoma, NY, 11779 Listing by Rory Vazquez

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 16 Mills Path built and last sold?
The property at 16 Mills Path was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Mills Path is $0.
What are some comparable homes to 16 Mills Path?
There are currently no comparable homes to 16 Mills Path.
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