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Lake Success 11020 Lake Success
17 Lake Road
$4,580,000
● House - Off Market

17 Lake Road

Great Neck, NY 11020
bedrooms
6 Beds
bathrooms
9 Baths, 2 Half Baths
$6,221,825
RealtyHop Estimate
3.87%
Since May 1, 2023
NY-New York
Primary Model

About This Property

Picturesque Lakefront property. This breathtaking Custom Built Colonial has it all, spacious living, captivating lake views, and amenities galore. With great attention to detail, no corner has been left untouched with elegance. Custom Chefs Kitchen leads out to an expansive balcony featuring sweeping lake views. Magnificent Primary En Suite with 5 additional en suites. Village of Lake Success maintains a private pool tennis courts, fitness center, Lake Success Golf Club, and private Police Department. Great Neck South Schools.
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
House
Property Taxes
$7,784
HOA Dues
-
Year Built
2009

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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 years ago (OneKey MLS #3420688)

Price History

Date / Event Date Event Price
Apr 14, 2023 Sold
Premium
Sold
Feb 6, 2023 In contract -
In contract
Oct 23, 2020 Listed by East Coast REALTORS Inc $5,990,000
Listed by East Coast REALTORS Inc
Oct 25, 2021 No longer available -
No longer available
Jan 11, 2021 Relisted $5,990,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 0
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 3
  • Building Quality: 3
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 958
  • Garage Type: 7
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 2

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 7,364
  • Building Area: 7,364
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 7,364
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • 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: SU
  • Census Tract: 300901

Geography

  • District: 282219
  • Section: 2
  • Parcel: 02-346-00-0006
  • Block: 346
  • Lot: 6
  • Municipality: LAKE SUCCESS
  • Latitude: 40.7614
  • Longitude: -73.7108

    Address

  • Full Address: 17 Lake Rd
  • Address - House Number: 17
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C056
  • 4-Digit Zip Code: 1609
  • Zip Code: 11020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,733,904
  • Tax Rate Code Area: 760

    Appraisal Valuation

  • Standard Deviation: 0.3908
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 21
  • Final Value: 4,013,163
  • High Value: 5,581,846
  • Low Value: 2,444,479

    Market Valuation

  • Market Total Value: $3,909,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,909
  • Assessed Land Value: $988
  • Assessed Improvements Value: $2,921

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-24810
  • Previous Sale Recording Date: Mar 21, 2008
  • Previous Sale Contract Date: Mar 07, 2008
  • Previous Sale Amount: $2,380,000
  • Previous Sale Document Type: 27
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:

$1,300,000

Sale Price/ft²

$651

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2736 ft²

Average Home Age

63.7 years

Currently For Sale

131 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 108 Middle Neck Road, Great Neck, NY, 11021

$7,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,231 ft²
108 Middle Neck Road #4G, Great Neck, NY, 11021 Listing by Jacklin Soleimani
Unit for rent at 10 Hempton Road, Great Neck, NY, 11020

$6,800 /mo

  • 4 Beds
  • 4 Baths
  • 3,000 ft²
10 Hempton Road, Great Neck, NY, 11020 Listing by Baimei Wan

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 17 Lake Road built and last sold?
The property at 17 Lake Road was built in 2009 and last sold on Apr 14, 2023 for $4,580,000.
How much is this home worth?
The estimated value of the home located at 17 Lake Road is $6,049,900.
What are some comparable homes to 17 Lake Road?
There are currently no comparable homes to 17 Lake Road.
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