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Merrick 11566 Merrick
175 Smith Street
$615,000
● House - Off Market

175 Smith Street

Hempstead, NY 11566
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$4,068
Est. Monthly
5.35%
Cap Rate

About This Property

Beautiful Expanded Cape in Merrick School District set on 50x145 Private Property. Features Enclosed Heated Porch, LR/DR,  Bright Updated Kitchen, 3 Bedrooms (including 1st Flr Master), 1 1/2 baths, HW Flrs, Beautiful Wood Doors, Moldings, and Built-ins, 2021 Roof, Unfinished Bsmt w/OSE, Gas Heating System, Detached 2 Car Garage with Loft for Storage and Gardening Shed in Back, Large, Private Yard. Walk to LIRR and Shopping. Wonderful Community. Make this Beautiful Home Yours!, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,175
HOA Dues
-
Year Built
1926

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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: 5 months ago (OneKey MLS #KEYL3589744)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Nov 7, 2024 Listed by Realty Connect USA L I Inc $589,000
Listed by Realty Connect USA L I Inc
Sep 10, 2003 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 176
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,323
  • Building Area: 1,323
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,323
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415000

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-121-00-0420
  • Block: 121
  • Lot: 420-421
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6645
  • Longitude: -73.5608

    Address

  • Full Address: 175 Smith St
  • Address - House Number: 175
  • Address - Street Name: Smith
  • Address - Suffix Type: St
  • State: NY
  • City Name: Merrick
  • Carrier Code: C016
  • 4-Digit Zip Code: 3515
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,203,930
  • Tax Rate Code Area: 273

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 612,099
  • High Value: 710,874
  • Low Value: 513,323

    Market Valuation

  • Market Total Value: $477,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $477
  • Assessed Land Value: $242
  • Assessed Improvements Value: $235

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 2003
  • Current Sale Recording Date: Sep 10, 2003
  • Current Sale Price:
    Premium
  • Current 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 Merrick

Stats & Trends

Median Asking:

$949,000

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2155 ft²

Average Home Age

63.5 years

Currently For Sale

40 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 1539 Park Avenue, Merrick, NY, 11566

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,386 ft²
1539 Park Avenue, Merrick, NY, 11566 Listing by Lisa J. DeTurris
Unit for rent at 21 W Centennial Ave, Roosevelt, NY, 11575

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,176 ft²
21 W Centennial Ave, Roosevelt, NY, 11575 Listing by Ahdehroh Lambert Mortimore

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 175 Smith Street built and last sold?
The property at 175 Smith Street was built in 1926 and last sold on Jul 29, 2003 for $308,000.
How much is this home worth?
The estimated value of the home located at 175 Smith Street is $594,890.
What are some comparable homes to 175 Smith Street?
There are currently no comparable homes to 175 Smith Street.
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