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Central Islip 11722 Central Islip
2 Mcfarland Avenue
$242,000
● House - Off Market

2 Mcfarland Avenue

Islip, NY 11722
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$317,599
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Colonial 4Brs, 2.5 Baths, close to all shopping center, parkway, very convenience. ( Shorth Sale House), Additional information: Appearance:Excellent,Business Located At:,Rental Income:,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$698
HOA Dues
-
Year Built
1992

Payment Calculator

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Cap Rate Calculator

Purchase Price
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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 #KEYL3171169)

Price History

Date / Event Date Event Price
Feb 13, 2020 Sold
Premium
Sold
Jan 10, 2020 In contract -
In contract
Oct 8, 2019 Listed by Island Advantage Realty LLC $220,000
Listed by Island Advantage Realty LLC
Dec 20, 2006 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 1
  • Garage Square Area: 220
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,674
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • Standard Land Use Code: 1114
  • County Land Use Code: 210
  • Legal Description 1: EDZ T024H00000000

Neighborhood

  • School District Name: Central Islip Union Free School District
  • School Tax School District: CENTRAL ISLIP
  • Census Tract: 146203

Zoning

  • Zoning: RRD

Geography

  • District: 0500-1
  • Section: 50.14
  • Parcel: 0500-141.00-03.00-072.006
  • Block: 1000
  • Lot: 300.072
  • Municipality: ISLIP
  • Latitude: 40.78
  • Longitude: -73.2028

    Address

  • Full Address: 2 Mcfarland Ave
  • Address - House Number: 2
  • Address - Street Name: Mcfarland
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Central Islip
  • Carrier Code: C005
  • 4-Digit Zip Code: 4158
  • Zip Code: 11722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $892,398
  • Tax Rate Code Area: 472813

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 474,428
  • High Value: 581,203
  • Low Value: 367,652

    Market Valuation

  • Market Total Value: $381,868
  • Market Land Value: $57,692
  • Market Improvement Value: $324,176

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,800
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $23,600

    Sales

  • Current Sale Contract Date: Feb 07, 2020
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 20, 2006
  • Previous Sale Contract Date: Dec 01, 2006
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: 27

    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 Central Islip

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$390

Above Asking

0.00%

Average Days on Market

92

Average Home Size

1604 ft²

Average Home Age

60 years

Currently For Sale

48 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 257 Southlawn Avenue, Central Islip, NY, 11722

$5,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,610 ft²
257 Southlawn Avenue, Central Islip, NY, 11722 Listing by Nicole N. Kurt
Unit for rent at 300 Carleton Avenue, Central Islip, NY, 11722

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,163 ft²
300 Carleton Avenue #5207, Central Islip, NY, 11722 Listing by Rita B. Bender
Unit for rent at 38 Sage Street, Central Islip, NY, 11722

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
38 Sage Street, Central Islip, NY, 11722 Listing by Luis Dominguez

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 McFarland Avenue built and last sold?
The property at 2 McFarland Avenue was built in 1992 and last sold on Feb 7, 2020 for $245,000.
How much is this home worth?
The estimated value of the home located at 2 McFarland Avenue is $222,200.
What are some comparable homes to 2 McFarland Avenue?
There are currently no comparable homes to 2 McFarland Avenue.
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