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Sands Point 11050 Sands Point
2 March Lane
$1,600,000
● Land - Off Market

2 March Lane

Sands Point, NY 11050
bedrooms
Studio
bathrooms
0 Bath
$1,989,561
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
Unit Size
-
Days on Market
165 days
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4,508
HOA Dues
-
Year Built
-

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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: 3 years ago (OneKey MLS #ONE3297275)

Price History

Date / Event Date Event Price
Oct 8, 2020 Listed by Compass Greater NY LLC $1,600,000
Listed by Compass Greater NY LLC
Mar 22, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002000
  • Standard Land Use Code: 8001
  • County Land Use Code: 3111
  • Legal Description 1: TOWN #2 SCH DIST 004

Neighborhood

  • School District Name: Port Washington Union Free School District
  • School Tax School District: 004
  • School Tax District Code 2: SP
  • Census Tract: 301000

Geography

  • District: 282251
  • Section: 4
  • Parcel: 04-096-00-0028
  • Block: 96
  • Lot: 28
  • Municipality: SANDS POINT
  • Latitude: 40.8602
  • Longitude: -73.7161

    Address

  • Full Address: 2 March Ln
  • Address - House Number: 2
  • Address - Street Name: March
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Port Washington
  • Carrier Code: C028
  • 4-Digit Zip Code: 1211
  • Zip Code: 11050

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,393,557
  • Tax Rate Code Area: 751

    Market Valuation

  • Market Total Value: $1,206,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,206
  • Assessed Land Value: $1,206

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Mar 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-041001
  • Previous Sale Recording Date: Feb 22, 2021
  • Previous Sale Contract Date: Oct 06, 2020
  • Previous Sale Amount: $1,125,000
  • 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 Port Washington

Stats & Trends

Median Asking:

$1,325,000

Sale Price/ft²

$677

Below Asking

0.01%

Average Days on Market

84

Average Home Size

3091 ft²

Average Home Age

63.9 years

Currently For Sale

51 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 56 Sintsink Drive E, Port Washington, NY, 11050

$1,950 /mo

  • Studio
  • 1 Bath
  • 8,152 ft²
56 Sintsink Drive E #F, Port Washington, NY, 11050 Listing by MaryBeth Ressa GRI

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 March Lane built and last sold?
The property at 2 March Lane was built in and last sold on Mar 19, 2021 for $1,600,000.
How much is this home worth?
The estimated value of the home located at 2 March Lane is $1,616,000.
What are some comparable homes to 2 March Lane?
There are currently no comparable homes to 2 March Lane.
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