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Glen Head 11545 Glen Head
2 Salem Way
Photo of 2 Salem Way
Sold on Aug 1, 2025

35

Map

Photo of 2 Salem Way
Photo of 2 Salem Way
$970,000
● House - Off Market

2 Salem Way

Oyster Bay, NY 11545
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,607 Ft²
$5,812
Est. Monthly
5.50%
Cap Rate

About This Property

New to Market! Make this sun-drenched and meticulously maintained home your own! Located in desirable Glen Knolls, providing a bus to Glenwood Landing Elementary, this charming stone & brick Cape Cod is impressively sited on quarter-acre property with inviting front porch and private rear patio. This residence features hardwood floors throughout, including an inlay border, fieldstone wood-burning fireplace bookended by beautiful original stained-glass windows, and dry basement with recreation room, 'bonus' full bath, cedar closet and utilities. Offering 1-zone natural gas heating and 2-zone CAC, 1-car attached garage, close to shops and fine restaurants, North Shore School District.
Unit Size
1,607 Ft²
Days on Market
64 days
Land Size
0.17 acres
Price per sqft
$591
Property Type
House
Property Taxes
$1,152
HOA Dues
-
Year Built
1942

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #KEY868806)

Price History

Date / Event Date Event Price
Aug 1, 2025 Sold
Premium
Sold
Jun 26, 2025 In contract -
In contract
May 29, 2025 Listed by Compass Greater NY LLC $949,000
Listed by Compass Greater NY LLC
Jan 26, 2006 Sold
Premium
Sold
Jul 13, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • 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: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,607
  • Building Area: 1,607
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,607
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 001

Neighborhood

  • School District Name: North Shore Central School District
  • School Tax School District: 001
  • Census Tract: 517600

Geography

  • District: 282489
  • Section: 21
  • Parcel: 21-220-00-0048
  • Block: 220
  • Lot: 48
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.84
  • Longitude: -73.6329

    Address

  • Full Address: 2 Salem Way
  • Address - House Number: 2
  • Address - Street Name: Salem
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Glen Head
  • Carrier Code: C002
  • 4-Digit Zip Code: 1137
  • Zip Code: 11545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,302,564
  • Tax Rate Code Area: 501

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 837,654
  • High Value: 988,067
  • Low Value: 687,242

    Market Valuation

  • Market Total Value: $596,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596
  • Assessed Land Value: $237
  • Assessed Improvements Value: $359

    Sales

  • Current Sale Contract Date: Dec 19, 2005
  • Current Sale Recording Date: Jan 26, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 13, 2001
  • Previous Sale Contract Date: Jun 29, 2001
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: 27
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 Glen Head

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$550

Below Asking

0.01%

Average Days on Market

79

Average Home Size

2088 ft²

Average Home Age

59.8 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 16 Union Avenue, Glen Head, NY, 11545

$6,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,000 ft²
16 Union Avenue, Glen Head, NY, 11545 Listing by Deborah A. Peseri
Unit for rent at 40 The Place, Glen Cove, NY, 11542

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 3,831 ft²
40 The Place, Glen Cove, NY, 11542 Listing by Terry Sciubba

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 Salem Way built and last sold?
The property at 2 Salem Way was built in 1942 and last sold on Dec 19, 2005 for $610,000.
How much is this home worth?
The estimated value of the home located at 2 Salem Way is $0.
What are some comparable homes to 2 Salem Way?
There are currently no comparable homes to 2 Salem Way.
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