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Mill Neck 11771 Mill Neck
2 Forchelli Way
$760,000
● House - Off Market

2 Forchelli Way

Oyster Bay, NY 11771
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,567 Ft²
$805,221
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Quaint Ranch on oversized lot in Mill Neck Estates, spacious, 1st floor master, Lower level walk out. Only house of Forchelli Way which is maintained by and plowed by the HOA.  Add a story and your looking at Mill Neck Creek across Bayville, to the Sound and Connecticut.   Location is excellent,  ample parking, flat lot, Mill Neck address and close to all.  Association maintains the private roads, there is a sandy beach owned by the association on Mill Neck Creek as well. Great Opportunity.  Property is located in the Village of Mill Neck with Oyster Bay zip code.  HOA fees are $208.28 per month., Additional information: Appearance:mint,Interior Features:Marble Bath
Unit Size
1,567 Ft²
Days on Market
359 days
Land Size
0.27 acres
Price per sqft
$510
Property Type
House
Property Taxes
$818
HOA Dues
-
Year Built
1980

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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 #KEYL3314124)

Price History

Date / Event Date Event Price
Feb 18, 2022 In contract -
In contract
Feb 18, 2022 Relisted $799,000
Relisted
Feb 10, 2022 In contract -
In contract
Jan 4, 2022 Relisted $799,000
Relisted
Jan 1, 2022 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 345
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,674
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,567
  • Building Area: 1,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,567
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000268
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 009

Neighborhood

  • School District Name: Oyster Bay-East Norwich Central School District
  • School Tax School District: 009
  • School Tax District Code 2: MN
  • Census Tract: 518000

Geography

  • District: 282425
  • Section: 29
  • Parcel: 29-00P-00-0147
  • Block: P
  • Lot: 147
  • Municipality: MILL NECK
  • Latitude: 40.9008
  • Longitude: -73.5507

    Address

  • Full Address: 2 Forchelli Way
  • Address - House Number: 2
  • Address - Street Name: Forchelli
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Oyster Bay
  • Carrier Code: R002
  • 4-Digit Zip Code: 1131
  • Zip Code: 11771

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $708,986
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 520

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 809,424
  • High Value: 955,883
  • Low Value: 662,966

    Market Valuation

  • Market Total Value: $611,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $611
  • Assessed Land Value: $389
  • Assessed Improvements Value: $222

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-56903
  • Previous Sale Recording Date: Jul 20, 2021
  • Previous Sale Contract Date: May 12, 2021
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: ADJ
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 Mill Neck

Stats & Trends

Median Asking:

$2,597,000

Sale Price/ft²

$673

Below Asking

0.01%

Average Days on Market

41

Average Home Size

7483 ft²

Average Home Age

75.3 years

Currently For Sale

12 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 5 Washington Avenue, Bayville, NY, 11709

$8,000 /mo

  • 4 Beds
  • 4 Baths
  • 3,100 ft²
5 Washington Avenue, Bayville, NY, 11709 Listing by Nicholas Evangelista
Unit for rent at 3 Ellison Street, Bayville, NY, 11709

$5,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,530 ft²
3 Ellison Street, Bayville, NY, 11709 Listing by Lindsey Hallman
Unit for rent at 71 W Main Street, Oyster Bay, NY, 11771

$3,200 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
71 W Main Street #2A, Oyster Bay, NY, 11771 Listing by Nicholas Evangelista

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 Forchelli Way built and last sold?
The property at 2 Forchelli Way was built in 1980 and last sold on May 13, 2022 for $760,000.
How much is this home worth?
The estimated value of the home located at 2 Forchelli Way is $789,956.
What are some comparable homes to 2 Forchelli Way?
There are currently no comparable homes to 2 Forchelli Way.
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