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East Patchogue 11772 East Patchogue
2 Summit Street
$199,000
● House - Off Market

2 Summit Street

Brookhaven, NY 11772
bedrooms
2 Beds
bathrooms
1 Bath
$336,106
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Absolutely Adorable Two Bedroom, One Bath Ranch. Living Rm W/Wood Fireplace & Dining Area Exude Warmth & Charm Of A Seaside Cottage. Southern Exposure Of Sun Room Allows Natural Sunlight To Illuminate Sitting Area From Dawn To Dusk.Bedrooms Are Both A Generous Size Ample Closet & Storage Space.  A E Flood Zone Current Coverage-$3702-Transferable Per Owner. Tenant Occupied-, Additional information: Appearance:Mint,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1935

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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: 4 months ago (OneKey MLS #KEYL2838415)

Price History

Date / Event Date Event Price
Sep 1, 2016 Sold
Premium
Sold
Mar 24, 2016 Listed by Coldwell Banker M&D Good Life $199,000
Listed by Coldwell Banker M&D Good Life

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 1,434
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: South Country Central School District
  • School Tax School District: SOUTH COUNTRY
  • Census Tract: 159203

Geography

  • Account Number: 0003326980M
  • District: 0200-9
  • Section: 981.00
  • Parcel: 0200-981.30-05.00-014.001
  • Block: 3005
  • Lot: 14.001
  • Municipality: BROOKHAVEN
  • Latitude: 40.7543
  • Longitude: -72.9764

    Address

  • Full Address: 2 Summit St
  • Address - House Number: 2
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: NY
  • City Name: East Patchogue
  • Carrier Code: C035
  • 4-Digit Zip Code: 5976
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472204

    Appraisal Valuation

  • Standard Deviation: 0.27
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 646,532
  • High Value: 821,159
  • Low Value: 471,906

    Market Valuation

  • Market Total Value: $4,445
  • Market Land Value: $1,204
  • Market Improvement Value: $3,241

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,400
  • Assessed Land Value: $650
  • Assessed Improvements Value: $1,750

    Sales

  • Current Sale Contract Date: Aug 08, 2016
  • Current Sale Recording Date: Sep 01, 2016
  • Current Sale Price:
    Premium
  • Current 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 East Patchogue

Stats & Trends

Median Asking:

$607,450

Sale Price/ft²

$377

Below Asking

0.01%

Average Days on Market

77

Average Home Size

1857 ft²

Average Home Age

52.7 years

Currently For Sale

26 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 101 Miramar Avenue, Patchogue, NY, 11772

$2,440 /mo

  • 1 Bed
  • 1 Bath
  • 836 ft²
101 Miramar Avenue #B, Patchogue, NY, 11772 Listing by Evelyn Rivera
Unit for rent at 119 Miramar Avenue, East Patchogue, NY, 11772

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 554 ft²
119 Miramar Avenue, East Patchogue, NY, 11772 Listing by Michelle Scala
Unit for rent at 8 Castle Street, East Patchogue, NY, 11772

$3,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
8 Castle Street, East Patchogue, NY, 11772 Listing by Joseph T. Zegarelli

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 Summit Street built and last sold?
The property at 2 Summit Street was built in 1935 and last sold on Aug 8, 2016 for $199,000.
How much is this home worth?
The estimated value of the home located at 2 Summit Street is $200,990.
What are some comparable homes to 2 Summit Street?
There are currently no comparable homes to 2 Summit Street.
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