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Lynbrook 11563 Lynbrook
2 Spencer Avenue
Photo of 2 Spencer Avenue
Sold on Oct 31, 2022

22

Map

Photo of 2 Spencer Avenue
Photo of 2 Spencer Avenue
$860,000
● House - Off Market

2 Spencer Avenue

Hempstead, NY 11563
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,368 Ft²
$888,271
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Stately 4 Bedroom, 3 Bath Colonial. Impressive Curb Appeal. Inviting Entry Foyer leads to Elegant Interior with High Ceilings, Gleaming Hardwood Floors, Spacious Bedrooms & Gracious Living Area with Perfect Entertaining Flow. Wonderful Opportunity for Residence featuring attached, but separate, legal Dental Office Providing Rental Income leased through Sept. 30, 2022. Lease renewal available to purchaser. Dental office has separate entrance, separate address, separate electric meter and half-bath. Rental income covers taxes plus many home expenses. Or purchase as Investment Property and lease office & residence. Natural gas in dental office and house if conversion desired. Newer Maintenance-free Vinyl-Siding Shingles, Roof, Windows, IG sprinklers all less than 12 years. Professionally landscaped & Multi-Car Driveway. Convenient location to Award-Winning Lynbrook Schools #20, Town, Shopping, Restaurants & LIRR. Dream commute to NYC on direct access train with 35 minute travel time., Additional information: Appearance:Excellent,Separate Hotwater Heater:Yes
Unit Size
3,368 Ft²
Days on Market
117 days
Land Size
0.21 acres
Price per sqft
$252
Property Type
House
Property Taxes
$2,060
HOA Dues
-
Year Built
1950

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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 #KEYL3413275)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Aug 5, 2022 In contract -
In contract
Jul 5, 2022 Listed by Homes By Mara $848,900
Listed by Homes By Mara

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 13
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 2
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 40
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 9,086
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 790
  • Total Building Area: 3,368
  • Gross Building Area: 3,368
  • Building Area: 3,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,368
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • Standard Land Use Code: 1000
  • County Land Use Code: 4830
  • Legal Description 1: TOWN #1 SCH DIST 020

Neighborhood

  • School District Name: Lynbrook Union Free School District
  • School Tax School District: 020
  • School Tax District Code 2: LYN
  • Census Tract: 411901

Geography

  • District: 282025
  • Section: 38
  • Parcel: 38-361-00-0024
  • Block: 361
  • Lot: 24
  • Municipality: LYNBROOK
  • Latitude: 40.6525
  • Longitude: -73.6729

    Address

  • Full Address: 2 Spencer Ave
  • Address - House Number: 2
  • Address - Street Name: Spencer
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Lynbrook
  • Carrier Code: C003
  • 4-Digit Zip Code: 3425
  • Zip Code: 11563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,505,196
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1669
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 906,102
  • High Value: 1,057,371
  • Low Value: 754,832

    Market Valuation

  • Market Total Value: $718,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $718
  • Assessed Land Value: $237
  • Assessed Improvements Value: $481

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-00111504
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 Lynbrook

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$466

Below Asking

0.01%

Average Days on Market

98

Average Home Size

1592 ft²

Average Home Age

83.2 years

Currently For Sale

38 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 51 Ormond Street, Rockville Centre, NY, 11570

$5,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,537 ft²
51 Ormond Street, Rockville Centre, NY, 11570 Listing by Anne E. Donohoe
Unit for rent at 65 Lenox Avenue, Lynbrook, NY, 11563

$4,950 /mo

  • 3 Beds
  • 1 Bath
  • 2,443 ft²
65 Lenox Avenue, Lynbrook, NY, 11563 Listing by Leon Sanchez GRI
Unit for rent at 1095 Pinbrook Ct, West Hempstead, NY, 11552

$5,300 /mo

  • 5 Beds
  • 2 Baths
  • 2,432 ft²
1095 Pinbrook Ct, West Hempstead, NY, 11552 Listing by Vansh Gandhi

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 Spencer Avenue built and last sold?
The property at 2 Spencer Avenue was built in 1950 and last sold on Oct 31, 2022 for $860,000.
How much is this home worth?
The estimated value of the home located at 2 Spencer Avenue is $0.
What are some comparable homes to 2 Spencer Avenue?
There are currently no comparable homes to 2 Spencer Avenue.
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