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Merrick 11566 Merrick
2050 Ellen Drive
$640,000
● House - Off Market

2050 Ellen Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,350 Ft²
$1,026,615
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Great Location Mid Block Splanch, Spacious Rooms, Light N Bright Home. Updated Kitchen, Central Air, Wood Floors, Newer Siding,Huge Attic Space, 2 Car Garage. Move Right In. Lots To Offer, Flood Zone X Certificate Available. Great Value. 2018-19 Tax Grievance Filed., Additional information: Appearance:Excellent,Separate Hotwater Heater:Y
Unit Size
2,350 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$285
Property Type
House
Property Taxes
$1,409
HOA Dues
-
Year Built
1964

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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: 5 months ago (OneKey MLS #KEYL2996569)

Price History

Date / Event Date Event Price
May 8, 2018 Sold
Premium
Sold
Jan 15, 2018 Listed by Century 21 Prevete Hirsch $669,000
Listed by Century 21 Prevete Hirsch
Aug 6, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 384
  • Garage Type: 7
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,344
  • Building Area: 2,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 415202

Geography

  • District: 282089
  • Section: 63
  • Parcel: 63-294-00-0004
  • Block: 294
  • Lot: 4
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6467
  • Longitude: -73.5384

    Address

  • Full Address: 2050 Ellen Dr
  • Address - House Number: 2050
  • Address - Street Name: Ellen
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C035
  • 4-Digit Zip Code: 5404
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,766,862
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.2188
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 69
  • Final Value: 839,667
  • High Value: 1,023,450
  • Low Value: 655,884

    Market Valuation

  • Market Total Value: $657,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $657
  • Assessed Land Value: $266
  • Assessed Improvements Value: $391

    Sales

  • Current Sale Contract Date: Apr 16, 2018
  • Current Sale Recording Date: May 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018-040043
  • Previous Sale Recording Date: Aug 06, 2002
  • Previous Sale Contract Date: Jul 19, 2002
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: 27

    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 Merrick

Stats & Trends

Median Asking:

$954,000

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2173 ft²

Average Home Age

65.5 years

Currently For Sale

40 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 2100 Hillside Avenue, Bellmore, NY, 11710

$5,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,938 ft²
2100 Hillside Avenue, Bellmore, NY, 11710 Listing by Serafino DeSimone
Unit for rent at 2 Lee Court, Merrick, NY, 11566

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
2 Lee Court, Merrick, NY, 11566 Listing by Megan Morillo Torres

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2050 Ellen Drive built and last sold?
The property at 2050 Ellen Drive was built in 1964 and last sold on Apr 16, 2018 for $640,000.
How much is this home worth?
The estimated value of the home located at 2050 Ellen Drive is $698,230.
What are some comparable homes to 2050 Ellen Drive?
There are currently no comparable homes to 2050 Ellen Drive.
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