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Merrick 11566 Merrick
2049 Cornell Place
$1,180,000
● House - Off Market

2049 Cornell Place

Merrick, NY 11566
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
$1,362,238
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Custom Colonial in a beautiful  Cul-De-Sac in the heart of Merrick. 6 Bedrooms, 3.5 Baths, Livingroom, Formal Dining room, Great Room w/ gas fireplace, Gourmet Kitchen with Sub Zero refrigerator & freezer, Thermador stove and oven. Bonus 2 car attached garage and Full Finished Basement. In all 4117 Sq Ft of luxury living. This home is close to all houses of worship, shopping, restaurants and transportation. 3 zone cac, 6 zone heat,5 zone sprinkler system, too many extras to list. Don't Miss Out On This Extraordinary Home!
Unit Size
-
Days on Market
145 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,141
HOA Dues
-
Year Built
1989

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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 #ONE3303573)

Price History

Date / Event Date Event Price
Sep 7, 2021 Sold
Premium
Sold
May 15, 2021 In contract -
In contract
Apr 15, 2021 Listed by Signature Premier Properties $1,199,999
Listed by Signature Premier Properties
Jul 5, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 4

    Dimensions

  • Lot Size Square Feet: 7,875
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 750
  • Total Building Area: 4,117
  • Building Area: 4,117
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,117
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415201

Geography

  • District: 282089
  • Section: 56
  • Parcel: 56-176-00-0257
  • Block: 176
  • Lot: 257
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6591
  • Longitude: -73.5492

    Address

  • Full Address: 2049 Cornell Pl
  • Address - House Number: 2049
  • Address - Street Name: Cornell
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Merrick
  • Carrier Code: C009
  • 4-Digit Zip Code: 3925
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,599,327
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 1,340,709
  • High Value: 1,568,612
  • Low Value: 1,112,805

    Market Valuation

  • Market Total Value: $907,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $907
  • Assessed Land Value: $243
  • Assessed Improvements Value: $664

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-125312
  • Previous Sale Recording Date: Jul 05, 1995
  • Previous Sale Contract Date: Jun 23, 1995
  • Previous Sale Amount: $382,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Merrick

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2178 ft²

Average Home Age

59.9 years

Currently For Sale

29 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 2607 Lindenmere Drive, Merrick, NY, 11566

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,500 ft²
2607 Lindenmere Drive, Merrick, NY, 11566 Listing by Yi Jiang

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 2049 Cornell Place built and last sold?
The property at 2049 Cornell Place was built in 1989 and last sold on Sep 7, 2021 for $1,180,000.
How much is this home worth?
The estimated value of the home located at 2049 Cornell Place is $0.
What are some comparable homes to 2049 Cornell Place?
There are currently no comparable homes to 2049 Cornell Place.
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