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Wading River 11792
197 Great Rock Drive
$490,000
● House - Off Market

197 Great Rock Drive

Riverhead, NY 11792
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$760,548
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Spacious Colonial In The Desirable Great Rock Development.  4Brs & 3Bth, 9' Ceilings On 1st  Floor. Kitchen Updated W/Granite Counters & Stainless Appliances.  Den With Fireplace, Oak Floors, Central A/C, 1st Fl. Office Or 5th Br. Approx. 2300 Sq. Ft. 2 Car Garage & Easy To Finished Basement.  Private Landscaped Yard. Close To Beach, Farms, Vineyards, Restaurants, Shopping And All North Fork Attractions., Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$217
Property Type
House
Property Taxes
$988
HOA Dues
-
Year Built
1997

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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 #KEYL3052526)

Price History

Date / Event Date Event Price
Dec 21, 2018 Sold
Premium
Sold
Jul 29, 2018 Listed by Landmark Realty of L I Inc $499,900
Listed by Landmark Realty of L I Inc
Apr 7, 2010 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 667
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 29,185
  • Lot Size Frontage Feet: 1,043
  • Total Building Area: 2,167
  • Building Area: 2,167
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP SOUND BREEZE SECTION 4
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MAP SOUND BREEZE SEC 4 FILED 10/23/96 MAP 9920 LOT 64

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: RB80

Geography

  • Account Number: 40
  • District: 0600-0
  • Section: 36.00
  • Parcel: 0600-036.00-07.00-022.000
  • Block: 7
  • Lot: 22.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9574
  • Longitude: -72.8233

    Address

  • Full Address: 197 Great Rock Dr
  • Address - House Number: 197
  • Address - Street Name: Great Rock
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1848
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,455,013
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 744,001
  • High Value: 936,246
  • Low Value: 551,756

    Market Valuation

  • Market Total Value: $725,619
  • Market Land Value: $118,407
  • Market Improvement Value: $607,212

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,410
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $56,410

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 25, 2010
  • Current Sale Recording Date: Apr 07, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Apr 07, 2010
  • Previous Sale Contract Date: Feb 12, 2010
  • Previous Sale Document Type: 30
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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

94

Average Home Size

2363 ft²

Average Home Age

53 years

Currently For Sale

34 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

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 197 Great Rock Drive built and last sold?
The property at 197 Great Rock Drive was built in 1997 and last sold on Mar 25, 2010 for $400,000.
How much is this home worth?
The estimated value of the home located at 197 Great Rock Drive is $520,589.
What are some comparable homes to 197 Great Rock Drive?
There are currently no comparable homes to 197 Great Rock Drive.
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