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Ridge 11961 Ridge
20 Lakeview Trail
$559,000
● House - Off Market

20 Lakeview Trail

Brookhaven, NY 11961
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$3,374
Est. Monthly
7.47%
Cap Rate

About This Property

This charming, solid-built cinder block home on the lake offers year-round vacation living with three bedrooms and one and a half bathrooms. Featuring a new bulkhead, a two-year-old roof with Andersen Windows, a cozy wood-burning stove, and a one-car garage, this property combines comfort and character. Enjoy the lake's natural beauty from the sweeping views inside, or take advantage of the lake rights for added recreation. Perfect for those seeking a peaceful retreat on a double dead-end road., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Separate Hotwater Heater:y
Unit Size
1,152 Ft²
Days on Market
69 days
Land Size
0.21 acres
Price per sqft
$477
Property Type
House
Property Taxes
$677
HOA Dues
-
Year Built
1957

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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: 6 months ago (OneKey MLS #KEYL3591634)

Price History

Date / Event Date Event Price
Jan 29, 2025 Sold
Premium
Sold
Dec 9, 2024 In contract -
In contract
Nov 17, 2024 Listed by Douglas Elliman Real Estate $549,000
Listed by Douglas Elliman Real Estate
Jan 4, 1995 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 2200 SEC 9 1116

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158412

Geography

  • Assessors Map Reference: MAP 2002200
  • Account Number: 00002019430
  • District: 0200-1
  • Section: 172.00
  • Parcel: 0200-172.00-03.00-030.000
  • Block: 3
  • Lot: 30.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9259
  • Longitude: -72.8498

    Address

  • Full Address: 20 Lakeview Trl
  • Address - House Number: 20
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2297
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.2691
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 566,547
  • High Value: 719,039
  • Low Value: 414,055

    Market Valuation

  • Market Total Value: $3,334
  • Market Land Value: $556
  • Market Improvement Value: $2,778

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,800
  • Assessed Land Value: $300
  • Assessed Improvements Value: $1,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 1994
  • Current Sale Recording Date: Jan 04, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 51
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 Ridge

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$367

Below Asking

0.01%

Average Days on Market

86

Average Home Size

1490 ft²

Average Home Age

46.1 years

Currently For Sale

56 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

Rentals Near You

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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 20 Lakeview Trail built and last sold?
The property at 20 Lakeview Trail was built in 1957 and last sold on Dec 19, 1994 for $145,000.
How much is this home worth?
The estimated value of the home located at 20 Lakeview Trail is $0.
What are some comparable homes to 20 Lakeview Trail?
There are currently no comparable homes to 20 Lakeview Trail.
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