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Shelter Island Heights 11964
2 Bayview Avenue
$35,000
● House - Off Market

2 Bayview Avenue

Shelter Island, NY 11963
bedrooms
4 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,338 Ft²
$3,957,218
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Newly Constructed Custom Masterpiece positioned on one of Shelter Island's highest points. Transitional modern open floor plan featuring double high cielings, walls of glass open to nature, 8" wood planked floors sweep throughout, great for entertaining and spacious living. Great room is open to modern chef's Kitchen, featuring custom cabinetry & Counters, state-of-the-art appliances, 5 BR w/en-suites & marble baths, Full finished basement w/full bath & outside entry. Energy efficient H.E.R.S. rated "Smart Home" wired for all you audio/Visual needs, Outdoor porcelain patio w/ fully loaded cabana surrounds heated gunite pool, full house Generator...Must See!, Additional information: Business Located At:,Interior Features:Guest Quarters,Lr/Dr,Marble Bath,Rental Income:,Separate Hotwater Heater:Yes
Unit Size
5,338 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$525
Property Type
House
Property Taxes
$1,220
HOA Dues
-
Year Built
1931

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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 #KEYL3211182)

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold
Premium
Sold
May 14, 2020 Sold
Premium
Sold
Apr 10, 2020 Listed by Nest Seekers LLC $2,799,999
Listed by Nest Seekers LLC
Jun 5, 2017 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 2000
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 340
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 2

    Dimensions

  • Lot Size Square Feet: 28,750
  • Lot Size Frontage Feet: 1,780
  • Total Building Area: 2,968
  • Building Area: 2,968
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,968
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000660
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Shelter Island Union Free School District
  • School Tax School District: SHELTER ISLAND
  • Census Tract: 180300

Zoning

  • Zoning: A

Geography

  • Account Number: 9996
  • District: 0700-0
  • Section: 22
  • Parcel: 0700-022.00-02.00-036.000
  • Block: 2
  • Lot: 36.000
  • Municipality: SHELTER ISLAND
  • Latitude: 41.0508
  • Longitude: -72.3495

    Address

  • Full Address: 2 Bay Rd
  • Address - House Number: 2
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Shelter Island
  • Zip Code: 11964

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,284,784
  • Tax Rate Code Area: 473201

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 1,634,230
  • High Value: 2,074,186
  • Low Value: 1,194,275

    Market Valuation

  • Market Total Value: $2,760,274
  • Market Land Value: $1,547,945
  • Market Improvement Value: $1,212,329

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,015,000
  • Assessed Land Value: $1,130,000
  • Assessed Improvements Value: $885,000

    Sales

  • Current Sale Contract Date: Dec 19, 2022
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 05, 2017
  • Previous Sale Contract Date: May 15, 2017
  • Previous Sale Amount: $2,000,000
  • Previous Sale Document Type: 12
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 Shelter Island Heights

Stats & Trends

Median Asking:

$1,387,500

Sale Price/ft²

$597

Below Asking

0.02%

Average Days on Market

137

Average Home Size

3639 ft²

Average Home Age

51.2 years

Currently For Sale

15 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 59 Peconic Avenue, Shelter Island, NY, 11964

$8,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,018 ft²
59 Peconic Avenue, Shelter Island, NY, 11964 Listing by Debra L. Von Brook Binder CBR

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 2 Bay Avenue built and last sold?
The property at 2 Bay Avenue was built in 1931 and last sold on Dec 19, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 2 Bay Avenue is $2,936,242.
What are some comparable homes to 2 Bay Avenue?
There are currently no comparable homes to 2 Bay Avenue.
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