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Babylon 11702 Babylon
161 Cedar Lane
$350,000
● House - Off Market

161 Cedar Lane

Babylon, NY 11702
bedrooms
4 Beds
bathrooms
2 Baths
$682,300
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

Owner Says Sell! Awsome 4 Bedroom 2 Bath Contemporary, New Kitchen W/Granite Tops, Stainless Appliances,New Floors, New Windows, New Heating System & Cac. Here's Your Chance To Live In The Village At A Very Affordable Price. Hurry, Will Not Last At This Price., Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,138
HOA Dues
-
Year Built
1955

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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 #KEYL2579637)

Price History

Date / Event Date Event Price
Dec 27, 2013 Sold
Premium
Sold
Oct 18, 2013 Sold
Premium
Sold
May 3, 2013 Listed by Realty Connect USA LLC $349,990
Listed by Realty Connect USA LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9,100
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,166
  • Building Area: 2,166
  • Building Area Measurement: M

    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: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: UNFILED MAP LOT 7

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230411580
  • District: 0102-0
  • Section: 19.00
  • Parcel: 0102-019.00-01.00-046.000
  • Block: 1
  • Lot: 46.000
  • Municipality: BABYLON
  • Latitude: 40.6871
  • Longitude: -73.323

    Address

  • Full Address: 161 Cedar Ln
  • Address - House Number: 161
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Babylon
  • Carrier Code: C021
  • 4-Digit Zip Code: 4318
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,752,129
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 812,818
  • High Value: 999,807
  • Low Value: 625,829

    Market Valuation

  • Market Total Value: $271,508
  • Market Land Value: $19,553
  • Market Improvement Value: $251,955

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,860
  • Assessed Land Value: $350
  • Assessed Improvements Value: $4,510

    Sales

  • Current Sale Contract Date: Oct 11, 2013
  • Current Sale Recording Date: Dec 27, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1795 ft²

Average Home Age

65.3 years

Currently For Sale

19 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

Rentals Near You

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 161 Cedar Lane built and last sold?
The property at 161 Cedar Lane was built in 1955 and last sold on Oct 11, 2013 for $350,000.
How much is this home worth?
The estimated value of the home located at 161 Cedar Lane is $353,490.
What are some comparable homes to 161 Cedar Lane?
There are currently no comparable homes to 161 Cedar Lane.
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