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Merrick 11566 Merrick
1867 Commonwealth Avenue
Photo of 1867 Commonwealth Avenue
Sold on Oct 28, 2022

36

Map

Photo of 1867 Commonwealth Avenue
Photo of 1867 Commonwealth Avenue
$865,000
● House - Off Market

1867 Commonwealth Avenue

Hempstead, NY 11566
bedrooms
3 Beds
bathrooms
2 Baths
$877,912
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Beautifully updated spacious colonial nestled in the heart of Merrick Oak Park.Gleaming hardwood floors welcome you through the entry foyer,past the sunlit home office to a wonderful living room w/wood burning fplc & original crown molding.Alongside the banquet fdr is the chefs eik w/custom wood cabinetry,center island and quartz countertops,updated applnce suite & farm sink.The fabulous vaulted,skylit den boasts walls of windows,newly done full designer bath and access to the Hollywood yard w/sweeping lawn,paver patio,pristine landscaping & a resort In Ground Pool.Upstairs another full designer bath,primary br w/custom full wall closet & 2 additional br-one w/a studio & access to the 3rd floor finished bonus rm & walkin storage.Basement is full and includes a workshop area plus separate gym/play space.Amenities include det 1 car garage,andersens,200 amp service & gas cooking.With so many extras this is truly a home not to be missed!, Additional information: Appearance:Mint,Separate Hotwater Heater:yes
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,189
HOA Dues
-
Year Built
1929

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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: 2 years ago (OneKey MLS #KEYL3417310)

Price History

Date / Event Date Event Price
Aug 16, 2022 In contract -
In contract
Jul 19, 2022 Listed by Douglas Elliman Real Estate $839,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 112
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,453
  • Building Area: 2,453
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,453
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • 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: 55-118-00-0327
  • Block: 118
  • Lot: 327-329
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6644
  • Longitude: -73.5588

    Address

  • Full Address: 1867 Commonwealth Ave
  • Address - House Number: 1867
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Merrick
  • Carrier Code: C007
  • 4-Digit Zip Code: 3525
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,424,786
  • Tax Rate Code Area: 273

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 859,660
  • High Value: 1,015,968
  • Low Value: 703,352

    Market Valuation

  • Market Total Value: $635,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635
  • Assessed Land Value: $256
  • Assessed Improvements Value: $379

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-107660
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:

$899,999

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2228 ft²

Average Home Age

57.9 years

Currently For Sale

33 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

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$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,726 ft²
47 Hillside Avenue, Freeport, NY, 11520 Listing by Devon O. Miller
Unit for rent at 60 Mirin Avenue, Roosevelt, NY, 11575

$4,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,165 ft²
60 Mirin Avenue #1STFLOOR, Roosevelt, NY, 11575 Listing by David Johnson RENE SRS ABR
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

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1867 Commonwealth Avenue built and last sold?
The property at 1867 Commonwealth Avenue was built in 1929 and last sold on Oct 28, 2022 for $865,000.
How much is this home worth?
The estimated value of the home located at 1867 Commonwealth Avenue is $0.
What are some comparable homes to 1867 Commonwealth Avenue?
There are currently no comparable homes to 1867 Commonwealth Avenue.
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