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Merrick 11566 Merrick
1918 Lowell Lane
$760,000
● House - Off Market

1918 Lowell Lane

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
3 Baths
$1,208,674
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Grand Open Flr Plan W/Dsgnr Details And Fabulous Amenities-Look No Further Your Dream Home Is Here!Spectacular Contemporary Concept Boasts Open Chefs Eik/Top Of Line Applnces/Cstm Backsplsh/Granite Ctrs,3 Full Dsgnr Bths,Moldngs,Hrdwd Flrs,Pella Doors,Sound Syst,New Plumbing/Elec,Gas,Andersens,Central Vac,Big Yard,Lite & Brite,Amazing Curb Appeal! Flood Zone X, A Must See!, Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,318
HOA Dues
-
Year Built
1962

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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 #KEYL3002361)

Price History

Date / Event Date Event Price
Sep 17, 2018 Sold
Premium
Sold
Feb 6, 2018 Listed by Douglas Elliman Real Estate $799,000
Listed by Douglas Elliman Real Estate
Aug 20, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 320
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,300
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,287
  • Building Area: 2,287
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,287
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • 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: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-202-00-0022
  • Block: 202
  • Lot: 22
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.644
  • Longitude: -73.5468

    Address

  • Full Address: 1918 Lowell Ln
  • Address - House Number: 1918
  • Address - Street Name: Lowell
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Merrick
  • Carrier Code: C028
  • 4-Digit Zip Code: 5212
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,624,156
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 879,709
  • High Value: 1,037,180
  • Low Value: 722,237

    Market Valuation

  • Market Total Value: $622,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $622
  • Assessed Land Value: $266
  • Assessed Improvements Value: $356

    Sales

  • Current Sale Contract Date: Sep 07, 2018
  • Current Sale Recording Date: Sep 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-083154
  • Previous Sale Recording Date: Aug 20, 2001
  • Previous Sale Contract Date: Jul 20, 2001
  • Previous Sale Amount: $472,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$954,000

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2168 ft²

Average Home Age

65 years

Currently For Sale

41 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

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 1918 Lowell Lane built and last sold?
The property at 1918 Lowell Lane was built in 1962 and last sold on Sep 7, 2018 for $760,000.
How much is this home worth?
The estimated value of the home located at 1918 Lowell Lane is $0.
What are some comparable homes to 1918 Lowell Lane?
There are currently no comparable homes to 1918 Lowell Lane.
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