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Merrick 11566 Merrick
1798 Horatio Avenue
$768,000
● House - Off Market

1798 Horatio Avenue

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,116 Ft²
$5,206
Est. Monthly
5.34%
Cap Rate

About This Property

Merrick 4 Bedroom colonial, Bedrooms are all good sizes.  Formal Living Room with wood working Fireplace. Family Room with Full Bath, Eat in Kitchen with Granite Counters.   Hardwood Floors. Attached 1 car Garage with Driveway for at least 2 cars. Schools, Shops are all close.  Show and Sell, Additional information: Appearance:Excellent,Separate Hotwater Heater:no
Unit Size
2,116 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$363
Property Type
House
Property Taxes
$1,435
HOA Dues
-
Year Built
1961

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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 #KEYL3581702)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Sep 27, 2024 Listed by Douglas Elliman Real Estate $768,000
Listed by Douglas Elliman Real Estate
Sep 27, 2007 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,116
  • Building Area: 2,116
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,116
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 029

Neighborhood

  • School District Name: North Merrick Union Free School District
  • School Tax School District: 029
  • Census Tract: 415000

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-078-00-0993
  • Block: 78
  • Lot: 993
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6722
  • Longitude: -73.5638

    Address

  • Full Address: 1798 Horatio Ave
  • Address - House Number: 1798
  • Address - Street Name: Horatio
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Merrick
  • Carrier Code: C018
  • 4-Digit Zip Code: 2949
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,478,204
  • Tax Rate Code Area: 115

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 767,872
  • High Value: 891,785
  • Low Value: 643,960

    Market Valuation

  • Market Total Value: $635,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635
  • Assessed Land Value: $210
  • Assessed Improvements Value: $425

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 27, 2007
  • Current Sale Recording Date: Sep 27, 2007
  • 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:

$957,000

Sale Price/ft²

$488

Below Asking

0.01%

Average Days on Market

88

Average Home Size

2140 ft²

Average Home Age

67.2 years

Currently For Sale

37 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 201 Stuyvesant Avenue, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,244 ft²
201 Stuyvesant Avenue, Merrick, NY, 11566 Listing by Kevin Coons
Unit for rent at 2171 Washington Street, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
2171 Washington Street, Merrick, NY, 11566 Listing by Cathy Stone CBR
Unit for rent at 1648 Paula Lane, East Meadow, NY, 11554

$4,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,166 ft²
1648 Paula Lane #1, East Meadow, NY, 11554 Listing by Jean P. Gene

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 1798 Horatio Avenue built and last sold?
The property at 1798 Horatio Avenue was built in 1961 and last sold on Jul 27, 2007 for $475,000.
How much is this home worth?
The estimated value of the home located at 1798 Horatio Avenue is $0.
What are some comparable homes to 1798 Horatio Avenue?
There are currently no comparable homes to 1798 Horatio Avenue.
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