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Smithtown 11787 Smithtown
2 Iris Lane
Photo of 2 Iris Lane
Sold on Jul 14, 2023

19

Map

Photo of 2 Iris Lane
Photo of 2 Iris Lane
$577,500
● House - Off Market

2 Iris Lane

Smithtown, NY 11787
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,370 Ft²
$597,366
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Welcome to this bright and airy, updated 3 bedroom, 2 bath split level home in Smithtown!  Hardwood floors, vaulted living room ceiling with skylights, open floor plan, eat in kitchen and energy efficient ductless heating and cooling.  Lower level is finished living space with natural light, a full bathroom, dedicated office space and separate laundry room.  On a spacious, fully fenced corner lot with large in-ground pool, paved back and side patios, in-ground sprinklers, 1 car garage in a quiet, beautiful park-like neighborhood this home checks every box and will not last!, Additional information: Interior Features:Lr/Dr,Separate Hotwater Heater:N
Unit Size
1,370 Ft²
Days on Market
129 days
Land Size
0.27 acres
Price per sqft
$437
Property Type
House
Property Taxes
$905
HOA Dues
-
Year Built
1955

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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 #KEYL3462762)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jul 14, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 7, 2023 Listed by Vintage American Realty LLC $599,000
Listed by Vintage American Realty LLC
Aug 14, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 273
  • Garage Type: 1
  • Garage Square Area: 250
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,185
  • Building Area: 1,185
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,185
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP RIVIERA RIDGE SECTION 1
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 50.-2-26 *2309 LOT 12 RIVIERA RIDGE SEC 1

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 134902

Geography

  • Account Number: S80012
  • District: 0800-0
  • Section: 50.00
  • Parcel: 0800-050.00-02.00-026.000
  • Block: 2
  • Lot: 26.000
  • Municipality: SMITHTOWN
  • Latitude: 40.874
  • Longitude: -73.2179

    Address

  • Full Address: 2 Iris Ln
  • Address - House Number: 2
  • Address - Street Name: Iris
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C025
  • 4-Digit Zip Code: 1509
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $985,269
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 583,906
  • High Value: 668,145
  • Low Value: 499,667

    Market Valuation

  • Market Total Value: $4,857
  • Market Land Value: $374
  • Market Improvement Value: $4,483

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,225
  • Assessed Land Value: $325
  • Assessed Improvements Value: $3,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 14, 2002
  • Previous Sale Contract Date: Jul 24, 2002
  • Previous Sale Amount: $312,000
  • 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$411

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2524 ft²

Average Home Age

61.6 years

Currently For Sale

46 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 44 Route 25 A, Smithtown, NY, 11787

$3,295 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
44 Route 25 A #409, Smithtown, NY, 11787 Listing by Mary Beth Donnelly CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 Iris Lane built and last sold?
The property at 2 Iris Lane was built in 1955 and last sold on Jul 14, 2023 for $577,500.
How much is this home worth?
The estimated value of the home located at 2 Iris Lane is $603,520.
What are some comparable homes to 2 Iris Lane?
There are currently no comparable homes to 2 Iris Lane.
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