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Oyster Bay Cove 11771 Oyster Bay Cove
20 Shutter Lane
$1,725,000
● House - Off Market

20 Shutter Lane

Oyster Bay, NY 11771
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,677 Ft²
$2,433,235
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Completely renovated in 2016, this stunning Contemporary home is ready for you. Everything has been updated with high quality products. The open concept floorplan is perfect for entertaining. After the welcoming foyer, the Living Room has dramatic ceiling height. The Dining Room can comfortably seat 12 or more. Be part of the party in your designer kitchen. Family Room with server is a perfect gathering space. There is a First Floor Master with beautiful closets and Spa-like bath. Upstairs there are 4 bedrooms, 2 of them having private baths. The patio sports an outdoor kitchen.  Decking leads you to the In-ground pool (2017) and overlooks the pond. Shown by appointment, no open houses scheduled., Additional information: Appearance:Excellent
Unit Size
3,677 Ft²
Days on Market
-
Land Size
2.14 acres
Price per sqft
$490
Property Type
House
Property Taxes
$1,660
HOA Dues
-
Year Built
1983

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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 #KEYL3224776)

Price History

Date / Event Date Event Price
Sep 3, 2020 Sold
Premium
Sold
Jul 31, 2020 In contract -
In contract
Jul 9, 2020 Price Decreased $1,800,000
↓ $100K (5.3%)
Price Decreased
Jul 1, 2020 Price Increased $1,900,000
↑ $100K (5.6%)
Price Increased
Jun 22, 2020 Listed by Daniel Gale Agency Inc $1,800,000
Listed by Daniel Gale Agency Inc
Show More

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 3
  • Building Quality: 6
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 93,218
  • Total Building Area: 3,677
  • Building Area: 3,677
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,677
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 009

Neighborhood

  • School District Name: Oyster Bay-East Norwich Central School District
  • School Tax School District: 009
  • School Tax District Code 2: OC
  • Census Tract: 518201

Geography

  • District: 282419
  • Section: 27
  • Parcel: 27-00G-00-1674
  • Block: G
  • Lot: 1674
  • Municipality: OYSTER BAY COVE
  • Latitude: 40.8645
  • Longitude: -73.5008

    Address

  • Full Address: 20 Shutter Ln
  • Address - House Number: 20
  • Address - Street Name: Shutter
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Oyster Bay
  • Carrier Code: C007
  • 4-Digit Zip Code: 3304
  • Zip Code: 11771

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,785,611
  • Tax Rate Code Area: 525

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,656,501
  • High Value: 1,955,524
  • Low Value: 1,357,478

    Market Valuation

  • Market Total Value: $1,131,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,131
  • Assessed Land Value: $759
  • Assessed Improvements Value: $372

    Sales

  • Current Sale Contract Date: Sep 03, 2020
  • Current Sale Recording Date: Sep 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-084223
  • Previous Sale Recording Date: Jun 19, 2015
  • Previous Sale Contract Date: Jun 09, 2015
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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 Oyster Bay Cove

Stats & Trends

Median Asking:

$2,518,000

Sale Price/ft²

$537

Below Asking

0.04%

Average Days on Market

103

Average Home Size

5307 ft²

Average Home Age

46.8 years

Currently For Sale

6 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 244 Berry Hill Road, Syosset, NY, 11791

$4,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
244 Berry Hill Road, Syosset, NY, 11791 Listing by Joanne E. Mackonochie

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 20 Shutter Lane built and last sold?
The property at 20 Shutter Lane was built in 1983 and last sold on Sep 3, 2020 for $1,725,000.
How much is this home worth?
The estimated value of the home located at 20 Shutter Lane is $1,788,270.
What are some comparable homes to 20 Shutter Lane?
There are currently no comparable homes to 20 Shutter Lane.
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