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Ridge 11961 Ridge
164 Lakeside Trail
$555,000
● House - Off Market

164 Lakeside Trail

Brookhaven, NY 11961
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,600 Ft²
$3,741
Est. Monthly

About This Property

Welcome to your dream home in Lake Panamoka! This stunning colonial-style house offers 3/4 bedrooms, 1.5 baths, and exclusive lake rights. Immaculate interiors, enter the front door to a living room with a custom shiplap wall, wood flooring, an office/exercise room, a bright sunny kitchen with custom wood cabinetry and stainless steel appliances with rear sliders to the private back yard surrounded by state land. A den with cathedral ceiling.  Move-in readiness await. Don't miss this opportunity for serene lakeside living!", Additional information: Appearance:Diamond
Unit Size
1,600 Ft²
Days on Market
134 days
Land Size
0.18 acres
Price per sqft
$337
Property Type
House
Property Taxes
$1,090
HOA Dues
-
Year Built
1989

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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: 6 months ago (OneKey MLS #KEYL3537345)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Mar 22, 2024 In contract -
In contract
Mar 12, 2024 Listed by Douglas Elliman Real Estate $539,900
Listed by Douglas Elliman Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,420
  • Building Area: 1,420
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,420
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 1635 SEC 6 881

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158412

Geography

  • Assessors Map Reference: MAP 2001635
  • Account Number: 00002014330
  • District: 0200-1
  • Section: 194.00
  • Parcel: 0200-194.00-01.00-008.000
  • Block: 1
  • Lot: 8.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9234
  • Longitude: -72.8527

    Address

  • Full Address: 164 Lakeside Trl
  • Address - House Number: 164
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2246
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 651,574
  • High Value: 826,986
  • Low Value: 476,162

    Market Valuation

  • Market Total Value: $5,463
  • Market Land Value: $370
  • Market Improvement Value: $5,093

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,950
  • Assessed Land Value: $200
  • Assessed Improvements Value: $2,750

    Exemptions

  • 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 Ridge

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$367

Below Asking

0.01%

Average Days on Market

86

Average Home Size

1490 ft²

Average Home Age

46.1 years

Currently For Sale

56 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 164 Lakeside Trail built and last sold?
The property at 164 Lakeside Trail was built in 1989 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 164 Lakeside Trail is $545,299.
What are some comparable homes to 164 Lakeside Trail?
There are currently no comparable homes to 164 Lakeside Trail.
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