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Plainedge 11714 Plainedge
16 Spencer Drive
Photo of 16 Spencer Drive
Sold on Sep 30, 2022

24

Map

Photo of 16 Spencer Drive
Photo of 16 Spencer Drive
$550,000
↓ $50K (8.3%)
● House - Off Market

16 Spencer Drive

Oyster Bay, NY 11714
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$571,905
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

This large split in perfect mid-block location on a beautifully landscaped property features an updated eat in kitchen, hardwood flooring, and an expanded master bedroom that can be converted back to 2 separate bedrooms.  Updated windows and baths.  Den can be used as additional bedroom. Den with outside entrance.  Huge walk-up attic with window and tons of storage.  Electric updated to 200 AMPs, under ground sprinklers and architectural roof.  Pavers on porch, multi car driveway, and walkway. Landscaped backyard with screened in patio - great for entertaining.  Gas line on the street. Shed "as is"., Additional information: Appearance:EXCELLENT+,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
99 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,209
HOA Dues
-
Year Built
1954

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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 #KEYL3409375)

Price History

Date / Event Date Event Price
Sep 17, 2023 Price Decreased $549,888
↓ $50K (8.3%)
Price Decreased
Sep 17, 2023 Price Increased $599,888
↑ $50K (9.1%)
Price Increased
Sep 17, 2023 Back on market -
Back on market
Sep 30, 2022 Sold
Premium
Sold
Aug 16, 2022 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 418
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 018

Neighborhood

  • School District Name: Plainedge Union Free School District
  • School Tax School District: 018
  • Census Tract: 520300

Geography

  • District: 282489
  • Section: 49
  • Parcel: 49-192-00-0033
  • Block: 192
  • Lot: 33
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.723
  • Longitude: -73.4772

    Address

  • Full Address: 16 Spencer Dr
  • Address - House Number: 16
  • Address - Street Name: Spencer
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Bethpage
  • Carrier Code: C010
  • 4-Digit Zip Code: 6110
  • Zip Code: 11714

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,086,257
  • Tax Rate Code Area: 553

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 650,292
  • High Value: 768,772
  • Low Value: 531,812

    Market Valuation

  • Market Total Value: $518,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518
  • Assessed Land Value: $224
  • Assessed Improvements Value: $294

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Oct 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2022-00103208
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 Plainedge

Stats & Trends

Median Asking:

$729,000

Sale Price/ft²

$476

Below Asking

0.01%

Average Days on Market

79

Average Home Size

1633 ft²

Average Home Age

66.4 years

Currently For Sale

12 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 168 Fulton Street, Farmingdale, NY, 11735

$3,965 /mo

  • 2 Beds
  • 1 Bath
  • 1,080 ft²
168 Fulton Street #W201, Farmingdale, NY, 11735 Listing by Michelle Holmes
Unit for rent at 20 Needle Lane, Levittown, NY, 11756

$4,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,500 ft²
20 Needle Lane, Levittown, NY, 11756 Listing by Kevin Yu
Unit for rent at 2 Rope Lane, Levittown, NY, 11756

$4,000 /mo

  • 4 Beds
  • 1 Bath
  • 1,194 ft²
2 Rope Lane, Levittown, NY, 11756 Listing by Simran Bajaj

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 16 Spencer Drive built and last sold?
The property at 16 Spencer Drive was built in 1954 and last sold on Sep 30, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 16 Spencer Drive is $0.
What are some comparable homes to 16 Spencer Drive?
There are currently no comparable homes to 16 Spencer Drive.
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