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Sea Cliff 11579 Sea Cliff
2 Locust Place
$939,000
● House - Off Market

2 Locust Place

Oyster Bay, NY 11579
bedrooms
4 Beds
bathrooms
3 Baths
$6,584
Est. Monthly
4.16%
Cap Rate

About This Property

Open Flow Ranch With A Chic California Style. Newly Redesigned And Renovated. Large Island With White Quartz Countertops Creates The Perfect Flow For Entertaining. The Primary Suite Is Set Away And Private With Access To The Large Deck. Walk Out Finished Basement With Full Bath. .3 Acre Property With Plantings. All Just Steps To The Beach And Sea Cliff Village! Award Winning North Shore School District, Additional information: Appearance:Diamond
Unit Size
-
Days on Market
327 days
Land Size
0.29 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,207
HOA Dues
-
Year Built
1960

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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 #KEYL3549435)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Feb 5, 2025 In contract -
In contract
May 5, 2024 Listed by BERKSHIRE HATHAWAY $1,095,000
Listed by BERKSHIRE HATHAWAY
Oct 30, 2022 Withdrawn -
Withdrawn
Sep 30, 2022 Listed by Compass Greater NY LLC $1,175,000
Listed by Compass Greater NY LLC
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 10,800
  • Lot Size Depth Feet: 1,920
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,626
  • Building Area: 1,626
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,626
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 024

Neighborhood

  • School District Name: North Shore Central School District
  • School Tax School District: 024
  • School Tax District Code 2: SC
  • Census Tract: 517400

Geography

  • District: 282423
  • Section: 21
  • Parcel: 21-00K-00-0740
  • Block: K
  • Lot: 740
  • Municipality: SEA CLIFF
  • Latitude: 40.8445
  • Longitude: -73.6514

    Address

  • Full Address: 2 Locust Pl
  • Address - House Number: 2
  • Address - Street Name: Locust
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Sea Cliff
  • Carrier Code: C006
  • 4-Digit Zip Code: 1640
  • Zip Code: 11579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,086,549
  • Tax Rate Code Area: 505

    Appraisal Valuation

  • Standard Deviation: 0.0923
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 91
  • Final Value: 1,152,034
  • High Value: 1,258,403
  • Low Value: 1,045,664

    Market Valuation

  • Market Total Value: $585,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $585
  • Assessed Land Value: $298
  • Assessed Improvements Value: $287

    Sales

  • Current Sale Contract Date: Mar 25, 2022
  • Current Sale Recording Date: Apr 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-45383
  • Previous Sale Recording Date: May 06, 2013
  • Previous Sale Contract Date: Apr 26, 2013
  • Previous Sale Amount: $580,000
  • 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 Sea Cliff

Stats & Trends

Median Asking:

$1,199,000

Sale Price/ft²

$683

Below Asking

0.02%

Average Days on Market

79

Average Home Size

1624 ft²

Average Home Age

94.4 years

Currently For Sale

16 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 40 The Place, Glen Cove, NY, 11542

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,775 ft²
40 The Place, Glen Cove, NY, 11542 Listing by Terry Sciubba
Unit for rent at 19 Elm Street, Greenvale, NY, 11548

$4,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,372 ft²
19 Elm Street, Greenvale, NY, 11548 Listing by Laura A. Algios SFR SRES

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 Locust Place built and last sold?
The property at 2 Locust Place was built in 1960 and last sold on Mar 25, 2022 for $825,000.
How much is this home worth?
The estimated value of the home located at 2 Locust Place is $1,105,950.
What are some comparable homes to 2 Locust Place?
There are currently no comparable homes to 2 Locust Place.
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